BUY Conviction3/5 Analysis quality75/100 now
Joseph Hogue recommends FNCB Bancorp, a small community bank, due to its strong revenue growth (30% YOY, 12% last fiscal year), low leverage, and attractive valuation at 0.95 times book value. He believes banks are well-positioned for returns as lending increases and interest rates rise, and FNCB offers a 3.3% dividend yield.
“shares pay a 3.3 dividend yield and trade for just 0.95 times book value which anytime you can get a quality bank at less than book value that's a great investment right there”