Cox Capital Mgt LLC Cuts Stock Position in The First of Long Island Co. (NASDAQ:FLIC)

Cox Capital Mgt LLC trimmed its position in shares of The First of Long Island Co. (NASDAQ:FLIC – Get Rating) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 111,437 shares of the bank’s stock after selling 1,164 shares during the period. Cox Capital Mgt LLC owned about 0.49% of First of Long Island worth $2,006,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FLIC. Advisor Group Holdings Inc. raised its holdings in shares of First of Long Island by 50.8% during the 1st quarter. Advisor Group Holdings Inc. now owns 9,573 shares of the bank’s stock valued at $234,000 after buying an additional 3,224 shares in the last quarter. Swiss National Bank raised its holdings in shares of First of Long Island by 6.1% during the 1st quarter. Swiss National Bank now owns 55,850 shares of the bank’s stock valued at $1,087,000 after buying an additional 3,200 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of First of Long Island by 0.6% during the 1st quarter. Bank of New York Mellon Corp now owns 157,605 shares of the bank’s stock valued at $3,068,000 after buying an additional 945 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of First of Long Island by 27.9% during the 1st quarter. American Century Companies Inc. now owns 93,917 shares of the bank’s stock valued at $1,828,000 after buying an additional 20,479 shares in the last quarter. Finally, MetLife Investment Management LLC raised its holdings in shares of First of Long Island by 58.2% during the 1st quarter. MetLife Investment Management LLC now owns 12,646 shares of the bank’s stock valued at $246,000 after buying an additional 4,650 shares in the last quarter. 57.03% of the stock is owned by hedge funds and other institutional investors.

First of Long Island Trading Down 3.0 %

First of Long Island stock traded down $0.45 during trading hours on Friday, reaching $14.38. The company had a trading volume of 253,268 shares, compared to its average volume of 89,028. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.96 and a quick ratio of 0.96. The company has a 50-day moving average price of $17.29 and a 200 day moving average price of $17.85. The firm has a market cap of $323.72 million, a price-to-earnings ratio of 7.01 and a beta of 0.55. The First of Long Island Co. has a 12-month low of $13.84 and a 12-month high of $20.85.

First of Long Island Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 24th. Shareholders of record on Thursday, March 16th will be paid a $0.21 dividend. The ex-dividend date is Wednesday, March 15th. This represents a $0.84 dividend on an annualized basis and a yield of 5.84%. First of Long Island’s dividend payout ratio (DPR) is currently 40.98%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on First of Long Island in a research report on Thursday. They set a “hold” rating on the stock.

About First of Long Island

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The First of Long Island Corp. is a holding company, through which its subsidiaries, engages in the provision of financial services. It offers personal banking, business banking and lending services to individual, professional, corporate, institutional, and government customers. The company was founded on February 7, 1984 and is headquartered in Glen Head, NY.