FNCB Bancorp, Inc. (NASDAQ:FNCB) Short Interest Up 31.3% in March

FNCB Bancorp, Inc. (NASDAQ:FNCBGet Free Report) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 52,000 shares, an increase of 31.3% from the February 29th total of 39,600 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 25,900 shares, the days-to-cover ratio is currently 2.0 days.

Institutional Trading of FNCB Bancorp

Several hedge funds have recently added to or reduced their stakes in FNCB. Qube Research & Technologies Ltd bought a new stake in FNCB Bancorp during the 3rd quarter worth approximately $25,000. Royal Bank of Canada increased its holdings in FNCB Bancorp by 270.1% during the 2nd quarter. Royal Bank of Canada now owns 9,851 shares of the company’s stock worth $58,000 after purchasing an additional 7,189 shares in the last quarter. Morgan Stanley increased its holdings in FNCB Bancorp by 35.3% during the 4th quarter. Morgan Stanley now owns 12,090 shares of the company’s stock worth $99,000 after purchasing an additional 3,157 shares in the last quarter. Lewis Asset Management LLC bought a new stake in FNCB Bancorp during the 4th quarter worth approximately $105,000. Finally, Private Advisor Group LLC bought a new stake in FNCB Bancorp during the 4th quarter worth approximately $109,000. 13.32% of the stock is owned by institutional investors and hedge funds.

FNCB Bancorp Stock Performance

FNCB stock opened at $6.07 on Monday. FNCB Bancorp has a 1 year low of $5.41 and a 1 year high of $7.15. The stock’s fifty day moving average is $6.07 and its two-hundred day moving average is $6.17. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market capitalization of $120.19 million, a price-to-earnings ratio of 9.20 and a beta of 0.34.

FNCB Bancorp (NASDAQ:FNCBGet Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $0.17 earnings per share (EPS) for the quarter. The business had revenue of $14.81 million during the quarter. FNCB Bancorp had a return on equity of 10.32% and a net margin of 14.64%.

FNCB Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.09 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.93%. FNCB Bancorp’s payout ratio is presently 54.55%.

About FNCB Bancorp

(Get Free Report)

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.

Further Reading

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