TIAA CREF Investment Management LLC Invests $358,000 in FNB Bancorp (FNBG) Stock
TIAA CREF Investment Management LLC acquired a new position in FNB Bancorp (NASDAQ:FNBG) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 13,021 shares of the financial services provider’s stock, valued at approximately $358,000. TIAA CREF Investment Management LLC owned approximately 0.18% of FNB Bancorp as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the business. Teachers Advisors LLC acquired a new stake in FNB Bancorp in the 2nd quarter worth about $253,000. Bank of New York Mellon Corp acquired a new stake in FNB Bancorp in the 2nd quarter worth about $400,000. Wedbush Securities Inc. acquired a new stake in FNB Bancorp in the 2nd quarter worth about $233,000. Schwab Charles Investment Management Inc. acquired a new stake in FNB Bancorp in the 2nd quarter worth about $239,000. Finally, Acadian Asset Management LLC acquired a new stake in FNB Bancorp in the 2nd quarter worth about $211,000. Institutional investors and hedge funds own 20.51% of the company’s stock.
Shares of FNB Bancorp (NASDAQ FNBG) opened at $36.40 on Wednesday. FNB Bancorp has a 12 month low of $21.53 and a 12 month high of $37.66. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.70. The firm has a market cap of $263.26, a PE ratio of 21.04 and a beta of 0.37.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were paid a $0.13 dividend. This is a boost from FNB Bancorp’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, October 30th. This represents a $0.52 annualized dividend and a yield of 1.43%. FNB Bancorp’s payout ratio is 30.77%.
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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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