FNCB Bancorp, Inc. (FNCB) To Go Ex-Dividend on May 31st

FNCB Bancorp, Inc. (NASDAQ:FNCBGet Rating) announced a quarterly dividend on Wednesday, April 27th, Zacks reports. Stockholders of record on Wednesday, June 1st will be given a dividend of 0.075 per share on Wednesday, June 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date of this dividend is Tuesday, May 31st.

FNCB Bancorp has raised its dividend payment by an average of 16.7% per year over the last three years and has increased its dividend every year for the last 2 years.

FNCB Bancorp stock opened at $7.83 on Friday. FNCB Bancorp has a 52 week low of $7.15 and a 52 week high of $10.15. The firm has a market capitalization of $156.29 million, a PE ratio of 7.91 and a beta of 0.39. The business’s 50-day simple moving average is $8.79 and its 200-day simple moving average is $9.04. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.75 and a current ratio of 0.75.

FNCB Bancorp (NASDAQ:FNCBGet Rating) last announced its quarterly earnings results on Friday, April 29th. The company reported $0.22 earnings per share (EPS) for the quarter. FNCB Bancorp had a net margin of 33.19% and a return on equity of 12.76%. The firm had revenue of $14.57 million for the quarter.

In other news, Director Louis A. Denaples, Jr. purchased 4,762 shares of the company’s stock in a transaction on Thursday, May 12th. The shares were purchased at an average price of $8.40 per share, with a total value of $40,000.80. Following the purchase, the director now directly owns 290,184 shares of the company’s stock, valued at approximately $2,437,545.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Lisa L. Kinney sold 4,782 shares of the company’s stock in a transaction dated Thursday, March 3rd. The stock was sold at an average price of $9.50, for a total value of $45,429.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,527 shares of company stock valued at $59,023. 17.42% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of FNCB Bancorp by 2.9% in the first quarter. Vanguard Group Inc. now owns 770,789 shares of the company’s stock valued at $7,300,000 after purchasing an additional 21,495 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in FNCB Bancorp in the 3rd quarter valued at $88,000. Morgan Stanley lifted its position in FNCB Bancorp by 69.1% during the 2nd quarter. Morgan Stanley now owns 13,030 shares of the company’s stock worth $95,000 after buying an additional 5,326 shares in the last quarter. Royal Bank of Canada boosted 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 worth $48,000 after buying an additional 5,057 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of FNCB Bancorp by 12.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 38,177 shares of the company’s stock valued at $314,000 after acquiring an additional 4,253 shares in the last quarter. 13.56% of the stock is owned by hedge funds and other institutional investors.

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.

See Also

Dividend History for FNCB Bancorp (NASDAQ:FNCB)

Receive News & Ratings for FNCB Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FNCB Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.