Bank of New York Mellon Corp acquired a new stake in FNB Bancorp (OTCMKTS:FNBG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,591 shares of the financial services provider’s stock, valued at approximately $400,000. Bank of New York Mellon Corp owned approximately 0.20% of FNB Bancorp as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Wedbush Securities Inc. purchased a new stake in shares of FNB Bancorp in the second quarter valued at $233,000. Acadian Asset Management LLC purchased a new stake in shares of FNB Bancorp in the second quarter valued at $211,000. Finally, Schwab Charles Investment Management Inc. purchased a new stake in shares of FNB Bancorp in the second quarter valued at $239,000. Institutional investors and hedge funds own 5.43% of the company’s stock.
FNB Bancorp (OTCMKTS:FNBG) last released its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.43 earnings per share for the quarter. The business had revenue of $12.73 million during the quarter. FNB Bancorp had a return on equity of 11.53% and a net margin of 26.93%.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Monday, October 30th. This is a boost from FNB Bancorp’s previous quarterly dividend of $0.12. FNB Bancorp’s dividend payout ratio (DPR) is 30.13%.
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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