FNB Bancorp (FNBG) to Issue Dividend Increase – $0.13 Per Share
FNB Bancorp (OTCMKTS:FNBG) declared a quarterly dividend on Monday, October 2nd, Zacks reports. Stockholders of record on Tuesday, October 31st will be given a dividend of 0.13 per share by the financial services provider on Wednesday, November 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Monday, October 30th. This is a positive change from FNB Bancorp’s previous quarterly dividend of $0.12.
FNB Bancorp (OTCMKTS:FNBG) opened at 34.14 on Tuesday. The stock has a market capitalization of $251.34 million, a price-to-earnings ratio of 21.55 and a beta of 0.26. FNB Bancorp has a 52-week low of $19.97 and a 52-week high of $34.24. The company has a 50-day moving average of $31.14 and a 200-day moving average of $28.28.
FNB Bancorp (OTCMKTS:FNBG) last posted its earnings results on Monday, July 24th. The financial services provider reported $0.44 EPS for the quarter. The company had revenue of $12.44 million during the quarter. FNB Bancorp had a return on equity of 11.53% and a net margin of 26.93%.
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A number of institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company bought a new position in FNB Bancorp in the 2nd quarter valued at about $158,000. California State Teachers Retirement System acquired a new position in FNB Bancorp during the 2nd quarter valued at about $258,000. Vanguard Group Inc. acquired a new position in FNB Bancorp during the 2nd quarter valued at about $292,000. Finally, State Street Corp acquired a new position in FNB Bancorp during the 2nd quarter valued at about $1,359,000. 5.43% of the stock is currently owned by hedge funds and other institutional investors.
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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