First of Long Island Corp (FLIC) Shares Bought by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC boosted its position in First of Long Island Corp (NASDAQ:FLIC) by 4.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 238,077 shares of the bank’s stock after buying an additional 10,674 shares during the period. Wedge Capital Management L L P NC’s holdings in First of Long Island were worth $6,785,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in First of Long Island during the 3rd quarter worth approximately $105,000. Nordea Investment Management AB increased its holdings in First of Long Island by 32.5% during the 2nd quarter. Nordea Investment Management AB now owns 5,300 shares of the bank’s stock worth $152,000 after purchasing an additional 1,300 shares in the last quarter. Legal & General Group Plc increased its holdings in First of Long Island by 12.3% during the 2nd quarter. Legal & General Group Plc now owns 5,752 shares of the bank’s stock worth $164,000 after purchasing an additional 630 shares in the last quarter. UBS Asset Management Americas Inc. bought a new stake in First of Long Island during the 2nd quarter worth approximately $204,000. Finally, GSA Capital Partners LLP bought a new stake in First of Long Island during the 2nd quarter worth approximately $227,000. 53.88% of the stock is owned by institutional investors and hedge funds.

In other news, insider Mark D. Curtis sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $29.38, for a total value of $176,280.00. Following the transaction, the insider now owns 41,607 shares in the company, valued at approximately $1,222,413.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Richard Kick sold 3,975 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $29.00, for a total value of $115,275.00. Following the completion of the transaction, the insider now owns 89,310 shares in the company, valued at approximately $2,589,990. The disclosure for this sale can be found here. Insiders sold a total of 20,355 shares of company stock worth $598,550 in the last 90 days. Company insiders own 4.83% of the company’s stock.

A number of analysts have commented on the company. BidaskClub raised First of Long Island from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research raised First of Long Island from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Wednesday, January 10th. Sandler O’Neill set a $33.00 price objective on First of Long Island and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Finally, ValuEngine lowered First of Long Island from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. First of Long Island currently has a consensus rating of “Hold” and an average target price of $31.33.

Shares of First of Long Island Corp (FLIC) opened at $27.95 on Wednesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $674.68, a P/E ratio of 18.48 and a beta of 0.72. First of Long Island Corp has a twelve month low of $25.60 and a twelve month high of $33.50.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Friday, December 29th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.15%. First of Long Island’s payout ratio is presently 41.96%.

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About First of Long Island

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.

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

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