Renaissance Technologies LLC Raises Position in The First of Long Island Corporation (FLIC)

Renaissance Technologies LLC boosted its holdings in The First of Long Island Corporation (NASDAQ:FLIC) by 1.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 523,281 shares of the bank’s stock after acquiring an additional 5,800 shares during the period. Renaissance Technologies LLC owned 2.17% of The First of Long Island Corporation worth $14,966,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Franklin Resources Inc. grew its stake in The First of Long Island Corporation by 73.1% in the 2nd quarter. Franklin Resources Inc. now owns 1,617,800 shares of the bank’s stock valued at $46,269,000 after acquiring an additional 683,135 shares during the last quarter. Vanguard Group Inc. grew its stake in The First of Long Island Corporation by 5.3% in the 2nd quarter. Vanguard Group Inc. now owns 974,654 shares of the bank’s stock valued at $27,874,000 after acquiring an additional 49,341 shares during the last quarter. Northern Trust Corp grew its stake in The First of Long Island Corporation by 11.6% in the 2nd quarter. Northern Trust Corp now owns 309,231 shares of the bank’s stock valued at $8,845,000 after acquiring an additional 32,249 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in The First of Long Island Corporation by 21.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 308,997 shares of the bank’s stock valued at $8,358,000 after acquiring an additional 54,194 shares during the last quarter. Finally, John W. Rosenthal Capital Management Inc. grew its stake in The First of Long Island Corporation by 3.4% in the 2nd quarter. John W. Rosenthal Capital Management Inc. now owns 242,827 shares of the bank’s stock valued at $6,945,000 after acquiring an additional 8,069 shares during the last quarter. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Shares of The First of Long Island Corporation (NASDAQ FLIC) opened at 31.25 on Monday. The First of Long Island Corporation has a 52 week low of $25.08 and a 52 week high of $40.40. The company has a 50-day moving average of $29.01 and a 200-day moving average of $27.89. The firm has a market capitalization of $761.94 million, a PE ratio of 22.29 and a beta of 0.81.

The First of Long Island Corporation (NASDAQ:FLIC) last released its earnings results on Friday, July 28th. The bank reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. The firm had revenue of $26.14 million for the quarter, compared to analyst estimates of $25.86 million. The First of Long Island Corporation had a return on equity of 10.68% and a net margin of 28.29%. On average, equities analysts forecast that The First of Long Island Corporation will post $1.51 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Wednesday, October 11th will be issued a dividend of $0.15 per share. This is a positive change from The First of Long Island Corporation’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Tuesday, October 10th. The First of Long Island Corporation’s payout ratio is presently 43.06%.

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FLIC has been the topic of a number of research reports. Zacks Investment Research raised shares of The First of Long Island Corporation from a “strong sell” rating to a “hold” rating in a research note on Monday, July 3rd. ValuEngine raised shares of The First of Long Island Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BidaskClub raised shares of The First of Long Island Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th.

In related news, insider Michael N. Vittorio sold 3,000 shares of The First of Long Island Corporation stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $26.80, for a total transaction of $80,400.00. Following the transaction, the insider now directly owns 99,006 shares of the company’s stock, valued at $2,653,360.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 4.83% of the stock is owned by insiders.

The First of Long Island Corporation Profile

The First of Long Island Corporation is a one-bank holding company. The Company provides financial services through its subsidiary, The First National Bank of Long Island (the Bank). Its services include account reconciliation services, bank by mail, personal money orders, bill payment, remote deposit, cash management services, safe deposit boxes, collection services securities transactions, controlled disbursement accounts, signature guarantee services, drive-through banking, merchant credit card services, and investment management and trust services.

Institutional Ownership by Quarter for The First of Long Island Corporation (NASDAQ:FLIC)

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