Equities researchers at StockNews.com started coverage on shares of First of Long Island (NASDAQ:FLIC - Get Free Report) in a note issued to investors on Monday. The brokerage set a "hold" rating on the bank's stock.

Separately, Keefe, Bruyette & Woods upgraded First of Long Island from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $16.04 to $16.56 in a report on Tuesday, April 1st.

Read Our Latest Stock Analysis on First of Long Island

First of Long Island Stock Performance

Shares of FLIC stock opened at $10.95 on Monday. 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 has a 12 month low of $9.30 and a 12 month high of $15.03. The business's 50-day moving average price is $12.16 and its 200-day moving average price is $12.72. The firm has a market capitalization of $247.85 million, a price-to-earnings ratio of 14.60 and a beta of 0.69.

First of Long Island (NASDAQ:FLIC - Get Free Report) last issued its quarterly 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 net margin of 9.52% and a return on equity of 4.74%.

Institutional Investors Weigh In On First of Long Island

Several institutional investors have recently added to or reduced their stakes in FLIC. Dimensional Fund Advisors LP raised its holdings in First of Long Island by 5.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,154,523 shares of the bank's stock valued at $13,485,000 after acquiring an additional 55,710 shares during the period. Wellington Management Group LLP lifted its holdings in First of Long Island by 50.5% during the 4th quarter. Wellington Management Group LLP now owns 632,365 shares of the bank's stock worth $7,386,000 after purchasing an additional 212,216 shares in the last quarter. Renaissance Technologies LLC boosted its stake in First of Long Island by 3.6% in the 4th quarter. Renaissance Technologies LLC now owns 616,050 shares of the bank's stock worth $7,195,000 after purchasing an additional 21,200 shares during the period. State Street Corp increased its position in shares of First of Long Island by 3.4% during the third quarter. State Street Corp now owns 505,758 shares of the bank's stock valued at $6,509,000 after buying an additional 16,456 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of First of Long Island by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 504,859 shares of the bank's stock worth $5,898,000 after buying an additional 3,978 shares in the last quarter. 48.33% of the stock is owned by hedge funds and other institutional investors.

About First of Long Island

(Get Free Report)

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.

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