Anchor Capital Advisors LLC Buys 877 Shares of The First of Long Island Co. (NASDAQ:FLIC)

Anchor Capital Advisors LLC grew its stake in shares of The First of Long Island Co. (NASDAQ:FLIC) by 0.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 176,241 shares of the bank’s stock after acquiring an additional 877 shares during the period. Anchor Capital Advisors LLC owned about 0.78% of First of Long Island worth $2,058,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of FLIC. Barclays PLC lifted its position in shares of First of Long Island by 73.1% in the 3rd quarter. Barclays PLC now owns 57,758 shares of the bank’s stock worth $743,000 after purchasing an additional 24,399 shares during the period. State Street Corp lifted its holdings in First of Long Island by 3.4% during the third quarter. State Street Corp now owns 505,758 shares of the bank’s stock worth $6,509,000 after buying an additional 16,456 shares during the period. FMR LLC boosted its position in First of Long Island by 124.0% during the 3rd quarter. FMR LLC now owns 3,522 shares of the bank’s stock valued at $45,000 after acquiring an additional 1,950 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of First of Long Island in the 3rd quarter valued at $5,407,000. Finally, Stifel Financial Corp raised its position in shares of First of Long Island by 8.9% in the 3rd quarter. Stifel Financial Corp now owns 57,933 shares of the bank’s stock worth $746,000 after acquiring an additional 4,716 shares in the last quarter. Hedge funds and other institutional investors own 48.33% of the company’s stock.

First of Long Island Stock Performance

Shares of FLIC stock opened at $13.17 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.15. The company has a market cap of $296.93 million, a PE ratio of 17.56 and a beta of 0.75. The First of Long Island Co. has a 12-month low of $9.30 and a 12-month high of $15.03. The business’s fifty day simple moving average is $12.48 and its 200-day simple moving average is $12.94.

First of Long Island (NASDAQ:FLIC) last released its quarterly earnings results on Thursday, January 30th. The bank reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.10). First of Long Island had a net margin of 9.52% and a return on equity of 4.74%.

First of Long Island Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.21 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.84 dividend on an annualized basis and a yield of 6.38%. First of Long Island’s payout ratio is 112.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on First of Long Island in a research note on Monday, February 24th. They issued a “hold” rating on the stock.

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.