Wells Fargo & Company MN bought a new position in FNB Bancorp (NASDAQ:FNBG) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 10,314 shares of the financial services provider’s stock, valued at approximately $350,000. Wells Fargo & Company MN owned 0.14% of FNB Bancorp at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. State Street Corp bought a new position in shares of FNB Bancorp in the 2nd quarter worth approximately $1,359,000. Northern Trust Corp bought a new position in shares of FNB Bancorp in the 2nd quarter worth approximately $1,256,000. Bank of New York Mellon Corp bought a new position in shares of FNB Bancorp in the 2nd quarter worth approximately $400,000. TIAA CREF Investment Management LLC bought a new position in shares of FNB Bancorp in the 2nd quarter worth approximately $358,000. Finally, Goldman Sachs Group Inc. bought a new stake in FNB Bancorp during the 2nd quarter worth approximately $305,000. 24.31% of the stock is currently owned by institutional investors.
FNB Bancorp (FNBG) traded up $0.76 during midday trading on Monday, reaching $35.76. 16,900 shares of the company’s stock were exchanged, compared to its average volume of 15,684. The company has a market cap of $266.13, a PE ratio of 21.16 and a beta of 0.33. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.80 and a current ratio of 0.80. FNB Bancorp has a 12 month low of $23.33 and a 12 month high of $38.94.
The business also recently disclosed a dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, February 16th were given a dividend of $0.13 per share. This represents a dividend yield of 0.00371428571428571%. The ex-dividend date of this dividend was Thursday, February 15th. FNB Bancorp’s payout ratio is currently 30.77%.
Separately, ValuEngine upgraded shares of FNB Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd.
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FNB Bancorp Company Profile
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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