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

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

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of First of Long Island in a report on Wednesday. They issued a “hold” rating on the stock.

First of Long Island Stock Up 0.8 %

Shares of FLIC traded up $0.09 during mid-day trading on Friday, reaching $11.80. The company had a trading volume of 81,999 shares, compared to its average volume of 81,067. First of Long Island has a 52 week low of $9.30 and a 52 week high of $15.03. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $266.02 million, a price-to-earnings ratio of 13.41 and a beta of 0.74. The firm has a 50-day moving average price of $13.07 and a 200 day moving average price of $12.69.

First of Long Island Dividend Announcement

The company also recently disclosed 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 of this dividend was Tuesday, December 31st. This represents a $0.84 dividend on an annualized basis and a yield of 7.12%. First of Long Island’s dividend payout ratio is currently 95.45%.

Institutional Investors Weigh In On First of Long Island

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP bought a new stake in First of Long Island in the 3rd quarter worth about $5,407,000. AQR Capital Management LLC grew its stake in shares of First of Long Island by 272.6% in the second quarter. AQR Capital Management LLC now owns 438,812 shares of the bank’s stock worth $4,397,000 after acquiring an additional 321,032 shares during the period. American Century Companies Inc. raised its holdings in shares of First of Long Island by 17.3% during the second quarter. American Century Companies Inc. now owns 351,452 shares of the bank’s stock valued at $3,522,000 after purchasing an additional 51,792 shares during the last quarter. Barclays PLC raised its holdings in shares of First of Long Island by 73.1% during the third quarter. Barclays PLC now owns 57,758 shares of the bank’s stock valued at $743,000 after purchasing an additional 24,399 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new position in First of Long Island during the second quarter valued at approximately $230,000. Institutional investors own 48.33% of the company’s stock.

First of Long Island Company 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.