M3F Inc. Acquires Shares of 366,679 FNCB Bancorp Inc (OTCMKTS:FNCB)
M3F Inc. acquired a new stake in FNCB Bancorp Inc (OTCMKTS:FNCB) during the 1st quarter, Holdings Channel reports. The firm acquired 366,679 shares of the financial services provider’s stock, valued at approximately $2,823,000. FNCB Bancorp comprises approximately 2.5% of M3F Inc.’s portfolio, making the stock its 17th largest position.
Several other institutional investors have also made changes to their positions in FNCB. Citigroup Inc. bought a new stake in shares of FNCB Bancorp in the first quarter worth about $74,000. BlackRock Inc. increased its holdings in shares of FNCB Bancorp by 2,474.0% in the first quarter. BlackRock Inc. now owns 68,418 shares of the financial services provider’s stock worth $526,000 after purchasing an additional 65,760 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of FNCB Bancorp in the fourth quarter worth about $96,000. Vanguard Group Inc bought a new stake in shares of FNCB Bancorp in the third quarter worth about $1,781,000. Finally, Vanguard Group Inc. bought a new stake in shares of FNCB Bancorp in the third quarter worth about $1,781,000. Institutional investors and hedge funds own 0.25% of the company’s stock.
Shares of FNCB stock traded down $0.02 during trading hours on Wednesday, hitting $7.54. The stock had a trading volume of 62,499 shares, compared to its average volume of 34,425. FNCB Bancorp Inc has a one year low of $7.14 and a one year high of $12.00.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.20 annualized dividend and a yield of 2.65%.
Separately, TheStreet raised FNCB Bancorp from a “c+” rating to a “b-” rating in a report on Wednesday, February 13th.
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About FNCB Bancorp
FNCB Bancorp Inc , formerly First National Community Bancorp, Inc is a bank holding company for First National Community Bank (the Bank). The Company’s primary activity consists of owning and operating the Bank, which provides customary retail and commercial banking services to individuals and businesses.
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