14,450 Shares in The First of Long Island Co. (NASDAQ:FLIC) Purchased by Franklin Resources Inc.

Franklin Resources Inc. bought a new stake in shares of The First of Long Island Co. (NASDAQ:FLIC) during the 4th quarter, Holdings Channel reports. The firm bought 14,450 shares of the bank’s stock, valued at approximately $169,000.

A number of other institutional investors have also recently made changes to their positions in FLIC. Barclays PLC boosted its holdings in First of Long Island by 73.1% in the third 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 last quarter. State Street Corp grew its holdings in shares of First of Long Island by 3.4% in the third quarter. State Street Corp now owns 505,758 shares of the bank’s stock worth $6,509,000 after acquiring an additional 16,456 shares during the period. FMR LLC increased its position in First of Long Island by 124.0% during the third quarter. FMR LLC now owns 3,522 shares of the bank’s stock valued at $45,000 after acquiring an additional 1,950 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in First of Long Island in the fourth quarter worth about $165,000. Finally, Stifel Financial Corp grew its stake in shares of First of Long Island by 8.9% during the 3rd quarter. Stifel Financial Corp now owns 57,933 shares of the bank’s stock valued at $746,000 after purchasing an additional 4,716 shares during the period. Hedge funds and other institutional investors own 48.33% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on FLIC shares. Keefe, Bruyette & Woods raised shares of First of Long Island from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $16.04 to $16.56 in a report on Tuesday, April 1st. StockNews.com initiated coverage on First of Long Island in a report on Sunday, April 13th. They issued a “hold” rating on the stock.

First of Long Island Price Performance

NASDAQ FLIC opened at $10.95 on Friday. The stock has a market cap of $247.85 million, a price-to-earnings ratio of 14.60 and a beta of 0.69. The First of Long Island Co. has a 12 month low of $9.30 and a 12 month high of $15.03. The company’s 50 day moving average is $12.16 and its two-hundred day moving average is $12.72. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.15.

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

First of Long Island Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Monday, March 24th were issued a $0.21 dividend. The ex-dividend date was Monday, March 24th. This represents a $0.84 dividend on an annualized basis and a yield of 7.67%. First of Long Island’s dividend payout ratio is presently 112.00%.

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.