The First of Long Island Corporation (FLIC) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC increased its position in shares of The First of Long Island Corporation (NASDAQ:FLIC) by 7.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 517,481 shares of the bank’s stock after buying an additional 37,577 shares during the period. Renaissance Technologies LLC owned approximately 2.17% of The First of Long Island Corporation worth $13,998,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Nordea Investment Management AB acquired a new stake in shares of The First of Long Island Corporation during the first quarter valued at approximately $108,000. SG Americas Securities LLC acquired a new stake in shares of The First of Long Island Corporation during the first quarter valued at approximately $163,000. GSA Capital Partners LLP acquired a new stake in shares of The First of Long Island Corporation during the fourth quarter valued at approximately $201,000. UBS Group AG boosted its position in The First of Long Island Corporation by 33.1% in the first quarter. UBS Group AG now owns 10,398 shares of the bank’s stock worth $281,000 after buying an additional 2,583 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its position in The First of Long Island Corporation by 50.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 11,074 shares of the bank’s stock worth $316,000 after buying an additional 3,691 shares during the period. 51.23% of the stock is currently owned by institutional investors.

Shares of The First of Long Island Corporation (FLIC) traded up 0.18% during trading on Tuesday, hitting $28.25. The stock had a trading volume of 42,023 shares. The firm has a 50-day moving average of $27.90 and a 200 day moving average of $27.49. The company has a market capitalization of $681.64 million, a P/E ratio of 20.15 and a beta of 0.78. The First of Long Island Corporation has a 1-year low of $25.08 and a 1-year high of $40.40.

The First of Long Island Corporation (NASDAQ:FLIC) last announced its earnings results on Friday, July 28th. The bank reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. The company had revenue of $26.14 million during the quarter, compared to analyst estimates of $25.86 million. The First of Long Island Corporation had a net margin of 28.29% and a return on equity of 10.84%. Equities research analysts predict that The First of Long Island Corporation will post $1.51 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 18th. Investors of record on Monday, July 10th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $0.56 annualized dividend and a yield of 1.98%. The First of Long Island Corporation’s dividend payout ratio (DPR) is 40.19%.

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FLIC has been the subject of a number of research reports. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $30.00 target price on shares of The First of Long Island Corporation in a report on Wednesday, May 3rd. Zacks Investment Research cut The First of Long Island Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. Finally, BidaskClub upgraded The First of Long Island Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th.

In other The First of Long Island Corporation news, insider Donald L. Manfredonia sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $27.93, for a total value of $27,930.00. Following the completion of the transaction, the insider now directly owns 100,231 shares in the company, valued at $2,799,451.83. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Mark D. Curtis sold 6,843 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $27.53, for a total transaction of $188,387.79. Following the completion of the transaction, the insider now owns 40,764 shares of the company’s stock, valued at $1,122,232.92. The disclosure for this sale can be found here. Insiders have sold 10,843 shares of company stock valued at $303,668 over the last 90 days. 4.83% of the stock is currently owned by company insiders.

The First of Long Island Corporation Company Profile

The First of Long Island Corporation is a one-bank holding company. The Company provides financial services through its subsidiary, The First National Bank of Long Island (the Bank). Its services include account reconciliation services, bank by mail, personal money orders, bill payment, remote deposit, cash management services, safe deposit boxes, collection services securities transactions, controlled disbursement accounts, signature guarantee services, drive-through banking, merchant credit card services, and investment management and trust services.

Institutional Ownership by Quarter for The First of Long Island Corporation (NASDAQ:FLIC)

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