FNB Bancorp (FNBG) Posts Earnings Results

FNB Bancorp (OTCMKTS:FNBG) issued its quarterly earnings data on Thursday. The financial services provider reported $0.43 EPS for the quarter, Bloomberg Earnings reports. FNB Bancorp had a net margin of 26.93% and a return on equity of 11.53%. The business had revenue of $12.73 million for the quarter.

Shares of FNB Bancorp (OTCMKTS FNBG) opened at 34.80 on Friday. The firm has a market capitalization of $256.20 million, a price-to-earnings ratio of 21.97 and a beta of 0.26. FNB Bancorp has a one year low of $20.07 and a one year high of $36.85. The company’s 50 day moving average is $33.92 and its 200-day moving average is $29.52.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.49%. This is a positive change from FNB Bancorp’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, October 30th. FNB Bancorp’s dividend payout ratio (DPR) is presently 30.13%.

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A number of hedge funds and other institutional investors have recently modified their holdings of FNBG. The Manufacturers Life Insurance Company bought a new position in FNB Bancorp during the second quarter worth $158,000. California State Teachers Retirement System bought a new position in FNB Bancorp during the second quarter worth $258,000. Vanguard Group Inc. bought a new position in FNB Bancorp during the second quarter worth $292,000. Finally, State Street Corp bought a new position in FNB Bancorp during the second quarter worth $1,359,000. 5.43% of the stock is currently owned by institutional investors and hedge funds.

About FNB Bancorp

FNB Bancorp is a bank holding company. The Company, through its subsidiary, First National Bank of Northern California (the Bank), a national banking association provides traditional banking services. The Bank operates approximately 12 full service banking offices in the cities of Daly City, South San Francisco, Millbrae, Pacifica, Half Moon Bay, San Mateo, Redwood City, Pescadero, San Francisco and Sunnyvale.

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