FNB Bancorp (FNBG) Shares Bought by Northern Trust Corp
Northern Trust Corp increased its stake in shares of FNB Bancorp (NASDAQ:FNBG) by 11.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,688 shares of the financial services provider’s stock after purchasing an additional 5,094 shares during the quarter. Northern Trust Corp owned approximately 0.68% of FNB Bancorp worth $1,865,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Chicago Capital Management LLC increased its position in FNB Bancorp by 91.4% during the 1st quarter. Chicago Capital Management LLC now owns 479,080 shares of the financial services provider’s stock worth $17,625,000 after purchasing an additional 228,792 shares in the last quarter. Wells Fargo & Company MN increased its position in FNB Bancorp by 93.4% during the 4th quarter. Wells Fargo & Company MN now owns 19,943 shares of the financial services provider’s stock worth $728,000 after purchasing an additional 9,629 shares in the last quarter. Deutsche Bank AG increased its position in FNB Bancorp by 405.7% during the 4th quarter. Deutsche Bank AG now owns 26,996 shares of the financial services provider’s stock worth $982,000 after purchasing an additional 21,658 shares in the last quarter. Bank of New York Mellon Corp increased its position in FNB Bancorp by 28.5% during the 4th quarter. Bank of New York Mellon Corp now owns 22,269 shares of the financial services provider’s stock worth $812,000 after purchasing an additional 4,940 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in FNB Bancorp during the 1st quarter worth approximately $103,000. Institutional investors and hedge funds own 23.22% of the company’s stock.
FNB Bancorp opened at $37.82 on Friday, Marketbeat Ratings reports. The company has a market cap of $283.39 million, a P/E ratio of 19.60 and a beta of 0.32. FNB Bancorp has a 1 year low of $26.68 and a 1 year high of $39.50. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.83.
FNB Bancorp Profile
FNB Bancorp operates as the bank holding company for First National Bank of Northern California that provides business and commercial banking services for individuals and small to mid-sized businesses primarily in the San Mateo, San Francisco, and Santa Clara counties. The company offers personal and business checking and savings accounts, including individual interest-bearing negotiable orders of withdrawal, money market accounts and/or accounts combining checking and savings accounts with automatic transfer capabilities, IRA accounts, time certificates of deposit, direct deposit services, and computer cash management with access through the Internet.
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