1 day Ago By ABMN Staff
Bank of New York Mellon Corp raised its holdings in The First of Long Island Co. ( NASDAQ:FLIC – Free Report ) by 9.2% during the 2nd quarter, Holdings Channel reports.
The firm owned 173,446 shares of the bank’s stock after buying an additional 14,656 shares during the quarter. Bank of New York Mellon Corp’s holdings in First of Long Island were worth $1,738,000 at the end of the most recent reporting period. Several other institutional investors also recently bought and sold shares of the business.
Webster Bank N. A. acquired a new stake in First of Long Island in the first quarter valued at approximately $28,000.
O Shaughnessy Asset Management LLC grew its holdings in First of Long Island by 32.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 14,546 shares of the bank’s stock valued at $161,000 after purchasing an additional 3,570 shares during the period.
EntryPoint Capital LLC acquired a new stake in shares of First of Long Island in the first quarter worth approximately $42,000. Empowered Funds LLC boosted its stake in shares of First of Long Island by 8.1% in the first quarter.
Empowered Funds LLC now owns 51,140 shares of the bank’s stock worth $567,000 after acquiring an additional 3,850 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of First of Long Island by 292.0% in the second quarter.
CWM LLC now owns 7,812 shares of the bank’s stock worth $78,000 after acquiring an additional 5,819 shares during the last quarter. 48.33% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at First of Long Island In other First of Long Island news, Director John Abbott Root Cooper sold 166,633 shares of First of Long Island stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $12.70, for a total value of $2,116,239.
10. Following the sale, the director now owns 3,453 shares in the company, valued at $43,853.10.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website . Company insiders own 6.33% of the company’s stock.
First of Long Island Stock Performance First of Long Island ( NASDAQ:FLIC – Get Free Report ) last released its quarterly earnings data on Thursday, July 25th. The bank reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.
19 by $0.02. The company had revenue of $45.
41 million for the quarter, compared to analyst estimates of $20.90 million. First of Long Island had a return on equity of 5.
93% and a net margin of 12.58%. During the same quarter in the previous year, the company posted $0.
31 earnings per share. First of Long Island Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Wednesday, July 10th were given a $0.
21 dividend. The ex-dividend date was Wednesday, July 10th. This represents a $0.
84 dividend on an annualized basis and a yield of 6.40%. First of Long Island’s dividend payout ratio is currently 77.
78%. Analyst Upgrades and Downgrades A number of brokerages have recently issued reports on FLIC. StockNews.
com assumed coverage on First of Long Island in a research note on Tuesday. They issued a “hold” rating on the stock. Keefe, Bruyette & Woods boosted their price objective on First of Long Island from $11.
00 to $13.00 and gave the stock a “market perform” rating in a research note on Monday, July 29th. Check Out Our Latest Report on First of Long Island About First of Long Island ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding FLIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The First of Long Island Co.
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