OMERS ADMINISTRATION Corp Sells 31,848 Shares of The First of Long Island Co. (NASDAQ:FLIC)

OMERS ADMINISTRATION Corp lessened its stake in The First of Long Island Co. (NASDAQ:FLIC) by 17.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 152,629 shares of the bank’s stock after selling 31,848 shares during the period. OMERS ADMINISTRATION Corp owned 0.68% of First of Long Island worth $1,783,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC purchased a new stake in First of Long Island in the fourth quarter worth about $126,000. Algert Global LLC bought a new stake in shares of First of Long Island in the 4th quarter valued at about $134,000. SG Americas Securities LLC lifted its position in shares of 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 worth $138,000 after purchasing an additional 2,614 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new position in shares of First of Long Island during the fourth quarter valued at approximately $154,000. Finally, Proficio Capital Partners LLC purchased a new position in First of Long Island during the fourth quarter valued at approximately $165,000. Institutional investors own 48.33% of the company’s stock.

First of Long Island Stock Performance

NASDAQ FLIC opened at $12.68 on Friday. The firm has a market capitalization of $287.58 million, a P/E ratio of 16.91 and a beta of 0.85. The stock has a 50-day simple moving average of $11.74 and a two-hundred day simple moving average of $12.57. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.98 and a current ratio of 0.98. The First of Long Island Co. has a fifty-two week low of $9.30 and a fifty-two week high of $15.03.

First of Long Island (NASDAQ:FLIC) last released its quarterly earnings results on Wednesday, April 30th. The bank reported $0.17 earnings per share 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 business had revenue of $21.54 million during the quarter, compared to analyst estimates of $21.89 million.

First of Long Island Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Monday, March 24th were paid a dividend of $0.21 per share. The ex-dividend date was Monday, March 24th. This represents a $0.84 annualized dividend and a yield of 6.62%. First of Long Island’s dividend payout ratio is presently 116.67%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. StockNews.com initiated coverage on shares of First of Long Island in a report on Wednesday, May 7th. They issued a “hold” rating on the stock. Keefe, Bruyette & Woods raised shares of First of Long Island from a “market perform” rating to an “outperform” rating and increased their target price for the company from $16.04 to $16.56 in a research report on Tuesday, April 1st.

First of Long Island 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.