Northern Trust Corp increased its holdings in shares of The First of Long Island Corporation (NASDAQ:FLIC) by 11.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 309,231 shares of the bank’s stock after buying an additional 32,249 shares during the quarter. Northern Trust Corp owned 1.28% of The First of Long Island Corporation worth $8,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Franklin Resources Inc. grew its stake in The First of Long Island Corporation by 73.1% during the 2nd quarter. Franklin Resources Inc. now owns 1,617,800 shares of the bank’s stock worth $46,269,000 after buying an additional 683,135 shares during the last quarter. Vanguard Group Inc. grew its stake in The First of Long Island Corporation by 9.9% during the 1st quarter. Vanguard Group Inc. now owns 925,313 shares of the bank’s stock worth $25,030,000 after buying an additional 83,555 shares during the last quarter. Renaissance Technologies LLC grew its stake in The First of Long Island Corporation by 7.8% during the 1st quarter. Renaissance Technologies LLC now owns 517,481 shares of the bank’s stock worth $13,998,000 after buying an additional 37,577 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in The First of Long Island Corporation by 21.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 308,997 shares of the bank’s stock worth $8,358,000 after buying an additional 54,194 shares during the last quarter. Finally, John W. Rosenthal Capital Management Inc. grew its stake in The First of Long Island Corporation by 3.4% during the 2nd quarter. John W. Rosenthal Capital Management Inc. now owns 242,827 shares of the bank’s stock worth $6,945,000 after buying an additional 8,069 shares during the last quarter. Hedge funds and other institutional investors own 52.55% of the company’s stock.

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Shares of The First of Long Island Corporation (NASDAQ:FLIC) opened at $28.25 on Thursday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $696.13, a PE ratio of 19.83 and a beta of 0.81. The First of Long Island Corporation has a one year low of $21.40 and a one year high of $33.50.

The First of Long Island Corporation (NASDAQ:FLIC) last posted its quarterly earnings results on Monday, October 30th. The bank reported $0.38 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.38. The business had revenue of $26.87 million for the quarter, compared to the consensus estimate of $27.05 million. The First of Long Island Corporation had a return on equity of 11.02% and a net margin of 28.36%. equities research analysts forecast that The First of Long Island Corporation will post 1.5 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Wednesday, October 11th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Tuesday, October 10th. This is an increase from The First of Long Island Corporation’s previous quarterly dividend of $0.14. The First of Long Island Corporation’s payout ratio is presently 41.67%.

In other news, insider Michael N. Vittorio sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $26.80, for a total value of $80,400.00. Following the completion of the transaction, the insider now owns 99,006 shares of the company’s stock, valued at approximately $2,653,360.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Milbrey Rennie Taylor sold 2,079 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $30.11, for a total value of $62,598.69. Following the completion of the transaction, the director now directly owns 20,001 shares of the company’s stock, valued at approximately $602,230.11. The disclosure for this sale can be found here. 4.83% of the stock is currently owned by insiders.

FLIC has been the topic of several research analyst reports. Zacks Investment Research upgraded The First of Long Island Corporation from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Wednesday, August 23rd. ValuEngine upgraded The First of Long Island Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BidaskClub upgraded The First of Long Island Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th.

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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