Cubist Systematic Strategies LLC Buys Shares of 22,249 The First of Long Island Co. (NASDAQ:FLIC)

Cubist Systematic Strategies LLC bought a new stake in The First of Long Island Co. (NASDAQ:FLIC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 22,249 shares of the bank's stock, valued at approximately $260,000. Cubist Systematic Strategies LLC owned about 0.10% of First of Long Island as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its position in First of Long Island by 5.1% in the fourth 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 last quarter. Wellington Management Group LLP lifted its stake in shares of First of Long Island by 50.5% in the fourth quarter. Wellington Management Group LLP now owns 632,365 shares of the bank's stock worth $7,386,000 after acquiring an additional 212,216 shares during the period. Renaissance Technologies LLC lifted its stake in shares of First of Long Island by 3.6% in the fourth quarter. Renaissance Technologies LLC now owns 616,050 shares of the bank's stock worth $7,195,000 after acquiring an additional 21,200 shares during the period. Geode Capital Management LLC lifted its stake 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 acquiring an additional 3,978 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of First of Long Island by 12.6% in the fourth quarter. American Century Companies Inc. now owns 443,701 shares of the bank's stock worth $5,182,000 after acquiring an additional 49,798 shares during the period. Institutional investors own 48.33% of the company's stock.

First of Long Island Price Performance

Shares of FLIC opened at $12.38 on Friday. The First of Long Island Co. 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 business's 50 day moving average price is $11.75 and its two-hundred day moving average price is $12.57. The firm has a market cap of $280.78 million, a PE ratio of 16.51 and a beta of 0.85.

First of Long Island (NASDAQ:FLIC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The bank reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.04). First of Long Island had a net margin of 9.52% and a return on equity of 4.74%. The business had revenue of $21.54 million during the quarter, compared to analyst estimates of $21.89 million.

First of Long Island Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 6.79%. The ex-dividend date of this dividend was Monday, March 24th. First of Long Island's dividend payout ratio (DPR) is presently 116.67%.

Wall Street Analyst Weigh In

FLIC has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods raised First of Long Island from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $16.04 to $16.56 in a research note on Tuesday, April 1st. StockNews.com initiated coverage on First of Long Island in a research note on Wednesday, May 7th. They issued a "hold" rating on the stock.

Check Out Our Latest Stock Report on First of Long Island

About First of Long Island

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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