Could FNB Bancorp (FNBG) Go Up? The Stock Formed Wedge Up Chart Pattern

June 17, 2018 - By Vivian Park

Investors sentiment decreased to 1.69 in Q1 2018. Its down 0.81, from 2.5 in 2017Q4. It dived, as 4 investors sold FNB Bancorp shares while 9 reduced holdings. 6 funds opened positions while 16 raised stakes. 1.24 million shares or 3.19% less from 1.28 million shares in 2017Q4 were reported.
Bancorporation Of America De owns 505 shares. Deutsche Comml Bank Ag accumulated 0% or 31,267 shares. Schwab Charles Investment Management Inc invested in 8,700 shares. Morgan Stanley owns 11,790 shares or 0% of their US portfolio. 5,700 were reported by New York State Common Retirement Fund. Boothbay Fund Limited Liability Corporation holds 0.05% of its portfolio in FNB Bancorp (NASDAQ:FNBG) for 12,477 shares. Bnp Paribas Arbitrage Sa holds 365 shares. Dimensional Fund Advsrs Lp reported 0% in FNB Bancorp (NASDAQ:FNBG). Strs Ohio holds 0% or 500 shares in its portfolio. Prelude Cap Mngmt Ltd Liability accumulated 13,000 shares. Walleye Trading Ltd Limited Liability Company holds 0% of its portfolio in FNB Bancorp (NASDAQ:FNBG) for 10,850 shares. Northern Trust invested 0% in FNB Bancorp (NASDAQ:FNBG). 220 are held by Royal Bancorporation Of Canada. Manufacturers Life The accumulated 5,079 shares. Raymond James And Associate holds 0% of its portfolio in FNB Bancorp (NASDAQ:FNBG) for 21,912 shares.

The stock of FNB Bancorp (FNBG) formed an up wedge with $41.31 target or 9.00 % above today’s $37.90 share price. The 5 months wedge indicates low risk for the $283.51M company. If the $41.31 price target is reached, the company will be worth $25.52 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 0.85% or $0.32 during the last trading session, reaching $37.9. About 25,974 shares traded or 178.87% up from the average. FNB Bancorp (NASDAQ:FNBG) has risen 38.15% since June 17, 2017 and is uptrending. It has outperformed by 25.58% the S&P500.

More recent FNB Bancorp (NASDAQ:FNBG) news were published by: Businesswire.com which released: “TriCo Bancshares and FNB Bancorp Announce Final Regulatory Approval of Merger and Anticipated Closing Date for …” on June 06, 2018. Also Streetinsider.com published the news titled: “TriCo Bancshares” on May 31, 2018. Businesswire.com‘s news article titled: “TriCo Bancshares and FNB Bancorp Announce Shareholder and FDIC Approval of Merger” with publication date: May 31, 2018 was also an interesting one.

FNB Bancorp operates as the bank holding firm for First National Bank of Northern California that provides business and commercial banking services for individuals and small to mid-sized businesses. The company has market cap of $283.51 million. The firm offers personal and business checking and savings accounts, including individual interest-bearing negotiable orders of withdrawal, money market accounts and/or accounts combining checking and savings accounts with automatic transfer capabilities, IRA accounts, time certificates of deposit, direct deposit services, and computer cash management with access through the Internet. It has a 24.58 P/E ratio. It also provides commercial, construction, accounts receivable, inventory, automobile, home improvement, residential and commercial real estate, small business administration, office equipment, leasehold improvement, and consumer loans, as well as overdraft protection and lines of credit, standby letters of credit, and home equity lines.

FNB Bancorp (NASDAQ:FNBG) Institutional Positions Chart

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