--- title: "StockNews.com Initiates Coverage on First of Long Island (NASDAQ:FLIC)" type: "News" locale: "en" url: "https://longbridge.com/en/news/230436535.md" description: "StockNews.com has initiated coverage on First of Long Island (NASDAQ:FLIC), issuing a \"hold\" rating. The stock opened at $12.97, down 1.5%, with a market cap of $292.42 million. The bank reported earnings of $0.14 per share, missing estimates. Institutional investors hold 48.33% of the stock, with notable increases in holdings from several firms in the last quarter. First of Long Island provides various financial services to businesses and consumers." datetime: "2025-03-04T07:12:34.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/230436535.md) - [en](https://longbridge.com/en/news/230436535.md) - [zh-HK](https://longbridge.com/zh-HK/news/230436535.md) generator: "portal-rs" --- # StockNews.com Initiates Coverage on First of Long Island (NASDAQ:FLIC) Equities researchers at StockNews.com started coverage on shares of First of Long Island (NASDAQ:FLIC - Get Free Report) in a research report issued on Tuesday. The firm set a "hold" rating on the bank's stock. Get **First of Long Island** alerts: ## First of Long Island Stock Down 1.5 % Shares of NASDAQ:FLIC opened at $12.97 on Tuesday. The stock has a market capitalization of $292.42 million, a price-to-earnings ratio of 17.29 and a beta of 0.75. 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 $12.50 and its two-hundred day moving average is $12.96. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.98 and a current ratio of 0.98. First of Long Island (NASDAQ:FLIC - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The bank reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.10). First of Long Island had a return on equity of 4.74% and a net margin of 9.52%. ## Institutional Trading of First of Long Island A number of large investors have recently modified their holdings of the company. Sherbrooke Park Advisers LLC acquired a new stake in shares of First of Long Island in the 4th quarter worth about $136,000. Millennium Management LLC increased its holdings in shares of First of Long Island by 79.9% in the 4th quarter. Millennium Management LLC now owns 154,915 shares of the bank's stock worth $1,809,000 after acquiring an additional 68,807 shares during the period. Focus Partners Wealth increased its stake in First of Long Island by 17.1% during the 4th quarter. Focus Partners Wealth now owns 34,288 shares of the bank's stock valued at $400,000 after buying an additional 5,008 shares during the period. Deutsche Bank AG increased its stake in First of Long Island by 411.0% during the 4th quarter. Deutsche Bank AG now owns 23,491 shares of the bank's stock valued at $274,000 after buying an additional 18,894 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in First of Long Island during the 4th quarter valued at about $260,000. Institutional investors and hedge funds own 48.33% of the company's stock. ## 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. ## Further Reading - Five stocks we like better than First of Long Island - How to Use the MarketBeat Stock Screener - Bearish Investors Can Seek Refuge in Recession-Resistant ETFs - How to Find Undervalued Stocks - 3 Oversold Magnificent Seven Stocks at Key Levels: Buy Now? - Insider Trading - What You Need to Know - 3M to Hit $175 by Mid-Year, and Higher Highs Are Likely *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.* ## Should You Invest $1,000 in First of Long Island Right Now? Before you consider First of Long Island, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and First of Long Island wasn't on the list. While First of Long Island currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. 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