SG Americas Securities LLC acquired a new stake in First of Long Island Corp (NASDAQ:FLIC) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,105 shares of the bank’s stock, valued at approximately $134,000.
Several other hedge funds have also recently added to or reduced their stakes in FLIC. Acadian Asset Management LLC bought a new position in First of Long Island in the 4th quarter worth about $28,000. Legal & General Group Plc boosted its stake in First of Long Island by 20.4% in the 4th quarter. Legal & General Group Plc now owns 4,826 shares of the bank’s stock worth $97,000 after purchasing an additional 817 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in First of Long Island by 425.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,137 shares of the bank’s stock worth $113,000 after purchasing an additional 4,159 shares in the last quarter. Advisor Group Inc. lifted its stake in First of Long Island by 659.2% during the 4th quarter. Advisor Group Inc. now owns 7,038 shares of the bank’s stock valued at $141,000 after acquiring an additional 6,111 shares during the period. Finally, Metropolitan Life Insurance Co. NY lifted its stake in First of Long Island by 344.2% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,853 shares of the bank’s stock valued at $157,000 after acquiring an additional 6,085 shares during the period. Institutional investors own 54.54% of the company’s stock.
In related news, CEO Michael N. Vittorio sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $22.60, for a total value of $67,800.00. Following the completion of the transaction, the chief executive officer now directly owns 112,679 shares of the company’s stock, valued at approximately $2,546,545.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.93% of the company’s stock.
Shares of FLIC traded up $1.10 during mid-day trading on Monday, reaching $21.18. The company’s stock had a trading volume of 156,200 shares, compared to its average volume of 67,844. First of Long Island Corp has a 12-month low of $17.53 and a 12-month high of $25.85. The firm has a market capitalization of $511.20 million, a PE ratio of 12.99 and a beta of 0.64. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.99. The firm’s 50 day moving average price is $21.51.
First of Long Island (NASDAQ:FLIC) last released its quarterly earnings data on Tuesday, April 30th. The bank reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The business had revenue of $27.85 million during the quarter, compared to analysts’ expectations of $28.65 million. First of Long Island had a net margin of 28.70% and a return on equity of 10.80%. Sell-side analysts forecast that First of Long Island Corp will post 1.74 EPS for the current fiscal year.
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, public bodies, and other organizations. Its deposit products include business and small business checking, personal checking products, savings accounts, negotiable order of withdrawal accounts and IOLA, escrow service accounts, rent security accounts, time deposits, holiday club accounts, and individual retirement accounts, as well as money market products.
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