FNCB Bancorp (NASDAQ:FNCB) Releases Earnings Results

FNCB Bancorp (NASDAQ:FNCB – Get Rating) announced its earnings results on Friday. The company reported $0.22 EPS for the quarter, reports. FNCB Bancorp had a return on equity of 13.36% and a net margin of 35.64%. The company had revenue of $14.57 million for the quarter.

Shares of NASDAQ:FNCB opened at $9.02 on Friday. The stock has a 50 day moving average of $9.50 and a 200 day moving average of $9.16. The company has a market cap of $178.33 million, a PE ratio of 9.11 and a beta of 0.37. FNCB Bancorp has a 12-month low of $6.90 and a 12-month high of $10.15. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.19.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Tuesday, May 31st. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.33%. FNCB Bancorp’s payout ratio is currently 30.30%.

In other FNCB Bancorp news, SVP Lisa L. Kinney sold 4,782 shares of the firm’s stock in a transaction that occurred on Thursday, March 3rd. The shares were sold at an average price of $9.50, for a total transaction of $45,429.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 17.42% of the company’s stock.

Several hedge funds have recently made changes to their positions in FNCB. Royal Bank of Canada lifted its stake in shares of FNCB Bancorp by 333.1% during the 2nd quarter. Royal Bank of Canada now owns 6,575 shares of the company’s stock valued at $48,000 after buying an additional 5,057 shares in the last quarter. Moors & Cabot Inc. bought a new stake in FNCB Bancorp during the third quarter valued at about $25,000. Dimensional Fund Advisors LP purchased a new position in shares of FNCB Bancorp in the third quarter valued at about $88,000. Morgan Stanley boosted its stake in shares of FNCB Bancorp by 69.1% in the second quarter. Morgan Stanley now owns 13,030 shares of the company’s stock worth $95,000 after acquiring an additional 5,326 shares during the period. Finally, Alliance Wealth Advisors LLC grew its position in shares of FNCB Bancorp by 8.9% during the first quarter. Alliance Wealth Advisors LLC now owns 22,351 shares of the company’s stock worth $212,000 after purchasing an additional 1,826 shares in the last quarter. Hedge funds and other institutional investors own 13.26% of the company’s stock.

FNCB Bancorp Company Profile (Get Rating)

FNCB Bancorp, Inc operates as the bank holding company for FNCB Bank that provides retail and commercial banking services to individuals, businesses, local governments, and municipalities in Northeastern Pennsylvania. The company offers checking, savings, money market, and certificate of deposit products.

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