Acadian Asset Management LLC Increases Holdings in FNB Bancorp (FNBG)

Acadian Asset Management LLC grew its holdings in FNB Bancorp (NASDAQ:FNBG) by 44.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,078 shares of the financial services provider’s stock after buying an additional 4,038 shares during the period. Acadian Asset Management LLC’s holdings in FNB Bancorp were worth $478,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of FNBG. SG Americas Securities LLC purchased a new position in shares of FNB Bancorp in the 3rd quarter worth $108,000. First Quadrant L P CA purchased a new position in shares of FNB Bancorp in the 3rd quarter worth $133,000. Krilogy Financial LLC purchased a new position in shares of FNB Bancorp in the 2nd quarter worth $134,000. New York State Common Retirement Fund purchased a new position in shares of FNB Bancorp in the 2nd quarter worth $157,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of FNB Bancorp in the 2nd quarter worth $158,000. 21.17% of the stock is owned by institutional investors and hedge funds.

Separately, ValuEngine raised shares of FNB Bancorp from a “hold” rating to a “buy” rating in a research note on Friday.

FNB Bancorp (NASDAQ:FNBG) opened at $35.94 on Friday. FNB Bancorp has a 52 week low of $22.97 and a 52 week high of $38.94. The company has a market cap of $268.66, a price-to-earnings ratio of 21.27 and a beta of 0.33. 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 also recently disclosed a quarterly dividend, which will be paid on Friday, February 16th. Shareholders of record on Wednesday, January 31st will be paid a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.45%. FNB Bancorp’s payout ratio is currently 30.77%.

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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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Institutional Ownership by Quarter for FNB Bancorp (NASDAQ:FNBG)

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