Voya Investment Management LLC lifted its position in shares of The First of Long Island Corporation (NASDAQ:FLIC) by 17.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,021 shares of the bank’s stock after buying an additional 1,628 shares during the period. Voya Investment Management LLC’s holdings in The First of Long Island Corporation were worth $315,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its holdings in shares of The First of Long Island Corporation by 73.1% during the 2nd quarter. Franklin Resources Inc. now owns 1,617,800 shares of the bank’s stock worth $46,269,000 after buying an additional 683,135 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of The First of Long Island Corporation by 5.3% during the 2nd quarter. Vanguard Group Inc. now owns 974,654 shares of the bank’s stock worth $27,874,000 after buying an additional 49,341 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of The First of Long Island Corporation by 1.1% during the 2nd quarter. Renaissance Technologies LLC now owns 523,281 shares of the bank’s stock worth $14,966,000 after buying an additional 5,800 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of The First of Long Island Corporation by 19.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 368,488 shares of the bank’s stock worth $10,539,000 after buying an additional 59,491 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of The First of Long Island Corporation by 11.6% during the 2nd quarter. Northern Trust Corp now owns 309,231 shares of the bank’s stock worth $8,845,000 after buying an additional 32,249 shares during the last quarter. Institutional investors and hedge funds own 53.07% of the company’s stock.

In related news, insider Michael N. Vittorio sold 3,000 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $26.80, for a total value of $80,400.00. Following the completion of the sale, the insider now directly owns 99,006 shares in the company, valued at approximately $2,653,360.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Milbrey Rennie Taylor sold 2,079 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $30.11, for a total value of $62,598.69. Following the completion of the sale, the director now owns 20,001 shares of the company’s stock, valued at $602,230.11. The disclosure for this sale can be found here. 4.83% of the stock is currently owned by corporate insiders.

Shares of The First of Long Island Corporation (FLIC) opened at $28.60 on Tuesday. The First of Long Island Corporation has a twelve month low of $24.70 and a twelve month high of $33.50. The stock has a market capitalization of $692.14, a price-to-earnings ratio of 19.51 and a beta of 0.81. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.49 and a quick ratio of 0.49.

The First of Long Island Corporation (NASDAQ:FLIC) last announced its quarterly earnings results on Monday, October 30th. The bank reported $0.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.38. The First of Long Island Corporation had a return on equity of 10.81% and a net margin of 28.36%. The firm had revenue of $26.87 million during the quarter, compared to the consensus estimate of $27.05 million. equities analysts anticipate that The First of Long Island Corporation will post 1.5 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Wednesday, October 11th were issued a $0.15 dividend. This is an increase from The First of Long Island Corporation’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend was Tuesday, October 10th. The First of Long Island Corporation’s dividend payout ratio is currently 41.67%.

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Several analysts recently issued reports on the company. Zacks Investment Research upgraded The First of Long Island Corporation from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Wednesday, August 2nd. BidaskClub downgraded The First of Long Island Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, ValuEngine downgraded The First of Long Island Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 2nd.

About The First of Long Island Corporation

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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