Millennium Management LLC Has $1.81 Million Stock Holdings in The First of Long Island Co. (NASDAQ:FLIC)

Millennium Management LLC raised its holdings in The First of Long Island Co. (NASDAQ:FLIC - Free Report) by 79.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 154,915 shares of the bank's stock after buying an additional 68,807 shares during the quarter. Millennium Management LLC owned 0.69% of First of Long Island worth $1,809,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Anchor Capital Advisors LLC increased its holdings in First of Long Island by 0.5% in the 4th quarter. Anchor Capital Advisors LLC now owns 176,241 shares of the bank's stock valued at $2,058,000 after buying an additional 877 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in First of Long Island by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 174,109 shares of the bank's stock valued at $2,034,000 after buying an additional 1,271 shares during the period. SG Americas Securities LLC increased its holdings in First of Long Island by 28.4% in the 4th quarter. SG Americas Securities LLC now owns 11,813 shares of the bank's stock valued at $138,000 after buying an additional 2,614 shares during the period. Empowered Funds LLC increased its holdings in First of Long Island by 5.0% in the 4th quarter. Empowered Funds LLC now owns 60,924 shares of the bank's stock valued at $712,000 after buying an additional 2,876 shares during the period. Finally, Bridgeway Capital Management LLC increased its holdings in First of Long Island by 3.0% in the 4th quarter. Bridgeway Capital Management LLC now owns 99,124 shares of the bank's stock valued at $1,158,000 after buying an additional 2,876 shares during the period. Institutional investors own 48.33% of the company's stock.

Analyst Upgrades and Downgrades

FLIC has been the topic of several analyst reports. Keefe, Bruyette & Woods raised shares of First of Long Island from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $16.04 to $16.56 in a report on Tuesday, April 1st. Wall Street Zen initiated coverage on shares of First of Long Island in a report on Wednesday, May 7th. They issued a "hold" rating on the stock.

First of Long Island Price Performance

Shares of FLIC traded up $0.04 during trading hours on Wednesday, hitting $11.88. The stock had a trading volume of 314,791 shares, compared to its average volume of 104,253. The company's fifty day moving average is $11.70 and its two-hundred day moving average is $12.43. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.98 and a quick ratio of 0.98. The First of Long Island Co. has a 52 week low of $9.30 and a 52 week high of $15.03. The stock has a market capitalization of $269.44 million, a price-to-earnings ratio of 15.84 and a beta of 0.85.

First of Long Island (NASDAQ:FLIC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The bank reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.04). First of Long Island had a return on equity of 4.74% and a net margin of 9.52%. The company had revenue of $21.54 million for the quarter, compared to the consensus estimate of $21.89 million.

First of Long Island Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th were given a dividend of $0.21 per share. The ex-dividend date was Monday, March 24th. This represents a $0.84 dividend on an annualized basis and a yield of 7.07%. First of Long Island's payout ratio is presently 116.67%.

First of Long Island Company Profile

The First of Long Island Corporation operates as the holding company for The First National Bank of Long Island that provides financial services to small and medium-sized businesses, professionals, consumers, municipalities, and other organizations. The company offers business and small business checking, personal checking, negotiable order of withdrawal, interest on lawyer, escrow service, rent security, personal and nonpersonal money market, savings, time deposit, and individual retirement accounts.