SCHEDULE 13G/A: BlackRock Amends Schedule 13G, Disclosing 8.3% Stake in First of Long Island Corp

BlackRock, Inc. has filed an Amendment No. 17 to its Schedule 13G, reporting a beneficial ownership of 8.3% of the common stock of First of Long Island Corp as of March 31, 2025.

Summary

• BlackRock, Inc. reported beneficial ownership of 1,885,946 shares of common stock in First of Long Island Corp.
• This ownership represents 8.3% of the total outstanding common stock of First of Long Island Corp.
• BlackRock, Inc. holds sole voting power over 1,855,442 shares and sole dispositive power over 1,885,946 shares.
• The filing is an Amendment No. 17 to a Schedule 13G, indicating a routine update to a previously disclosed passive investment.
• BlackRock certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing (Schedule 13G/A) disclosing beneficial ownership. It does not contain information that would significantly alter the perception of the company's financial health or strategic direction, thus maintaining a neutral sentiment.

Positives

• The continued significant stake by a major institutional investor like BlackRock may signal ongoing confidence in First of Long Island Corp.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding the issuer's future performance or BlackRock's future investment intentions beyond the scope of this passive ownership disclosure.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing is a routine disclosure by BlackRock, one of the world's largest asset managers, regarding its passive investment in First of Long Island Corp, a regional banking institution. Such filings are common for large institutional investors that cross the 5% beneficial ownership threshold in publicly traded companies.

Stakeholder Impact

• Shareholders of First of Long Island Corp: Confirms a significant institutional investor's continued stake, which can be viewed as a vote of confidence.

Key Dates

Keywords

BlackRock, First of Long Island Corp, Schedule 13G, beneficial ownership, common stock, institutional investment, financial services, banking