The First of Long Island Co. (NASDAQ:FLIC) Short Interest Update

The First of Long Island Co. (NASDAQ:FLIC) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 141,500 shares, a growth of 19.9% from the December 15th total of 118,000 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average trading volume of 98,800 shares, the short-interest ratio is currently 1.4 days.

First of Long Island Stock Performance

Shares of FLIC stock traded up $0.09 on Friday, hitting $11.80. 81,999 shares of the stock traded hands, compared to its average volume of 81,067. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.98 and a quick ratio of 0.98. First of Long Island has a 1-year low of $9.30 and a 1-year high of $15.03. The company’s fifty day moving average is $13.07 and its 200 day moving average is $12.69. The company has a market capitalization of $266.02 million, a PE ratio of 13.41 and a beta of 0.74.

First of Long Island Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 31st were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.84 annualized dividend and a yield of 7.12%. First of Long Island’s dividend payout ratio (DPR) is 95.45%.

Hedge Funds Weigh In On First of Long Island

Several institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers lifted its stake in First of Long Island by 3.8% in the second quarter. Rhumbline Advisers now owns 33,419 shares of the bank’s stock valued at $335,000 after buying an additional 1,231 shares during the last quarter. FMR LLC grew its position in First of Long Island by 124.0% in the 3rd quarter. FMR LLC now owns 3,522 shares of the bank’s stock worth $45,000 after purchasing an additional 1,950 shares during the last quarter. Sei Investments Co. raised its holdings in shares of First of Long Island by 13.0% during the second quarter. Sei Investments Co. now owns 21,669 shares of the bank’s stock valued at $217,000 after buying an additional 2,500 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of First of Long Island by 28.4% during the fourth quarter. SG Americas Securities LLC now owns 11,813 shares of the bank’s stock worth $138,000 after buying an additional 2,614 shares during the period. Finally, Empowered Funds LLC increased its position in First of Long Island by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 58,048 shares of the bank’s stock valued at $747,000 after acquiring an additional 2,948 shares during the period. 48.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of First of Long Island in a research report on Wednesday. They issued a “hold” rating for the company.

About First of Long Island

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.