F.N.B. Corp. (FNB) Stake Raised by Hamlin Capital Management LLC
Hamlin Capital Management LLC raised its position in F.N.B. Corp. (NYSE:FNB) by 8.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,390,004 shares of the company’s stock after buying an additional 185,496 shares during the period. Hamlin Capital Management LLC owned approximately 1.16% of F.N.B. Corp. worth $29,971,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Trust Co. of Toledo NA OH bought a new stake in shares of F.N.B. Corp. during the second quarter worth about $139,000. Capstone Asset Management Co. increased its stake in shares of F.N.B. Corp. by 1.1% in the second quarter. Capstone Asset Management Co. now owns 11,819 shares of the company’s stock worth $148,000 after buying an additional 130 shares during the period. LS Investment Advisors LLC increased its stake in shares of F.N.B. Corp. by 75.2% in the second quarter. LS Investment Advisors LLC now owns 12,557 shares of the company’s stock worth $157,000 after buying an additional 5,389 shares during the period. LPL Financial LLC increased its stake in shares of F.N.B. Corp. by 5.8% in the first quarter. LPL Financial LLC now owns 14,082 shares of the company’s stock worth $177,000 after buying an additional 778 shares during the period. Finally, Oakbrook Investments LLC bought a new stake in shares of F.N.B. Corp. during the second quarter worth about $214,000. 68.51% of the stock is owned by hedge funds and other institutional investors.
Shares of F.N.B. Corp. (NYSE:FNB) traded up 0.98% during midday trading on Wednesday, hitting $12.33. The stock had a trading volume of 1,816,424 shares. The firm’s 50 day moving average price is $12.29 and its 200 day moving average price is $12.69. F.N.B. Corp. has a 52-week low of $11.16 and a 52-week high of $14.66. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 16.84 and a beta of 0.98.
F.N.B. Corp. (NYSE:FNB) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.02. F.N.B. Corp. had a return on equity of 7.60% and a net margin of 18.64%. During the same period last year, the firm earned $0.22 earnings per share. On average, equities research analysts expect that F.N.B. Corp. will post $0.79 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.89%. The ex-dividend date was Tuesday, August 30th. F.N.B. Corp.’s payout ratio is 64.86%.
A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. restated a “hold” rating on shares of F.N.B. Corp. in a research report on Saturday, July 9th. Zacks Investment Research downgraded F.N.B. Corp. from a “hold” rating to a “sell” rating in a research report on Monday, July 25th. Jefferies Group restated a “buy” rating and set a $14.00 price objective on shares of F.N.B. Corp. in a research report on Thursday, July 7th. Finally, FBR & Co decreased their price objective on F.N.B. Corp. from $14.00 to $13.00 and set a “mkt perform” rating on the stock in a research report on Friday, July 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $13.80.
In other news, CEO Vincent J. Delie, Jr. acquired 5,000 shares of the stock in a transaction that occurred on Friday, July 29th. The shares were bought at an average cost of $11.97 per share, for a total transaction of $59,850.00. Following the acquisition, the chief executive officer now owns 175,054 shares in the company, valued at approximately $2,095,396.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert A. Hormell acquired 3,000 shares of the stock in a transaction that occurred on Monday, August 8th. The stock was purchased at an average price of $12.35 per share, for a total transaction of $37,050.00. Following the completion of the acquisition, the director now owns 54,217 shares in the company, valued at approximately $669,579.95. The disclosure for this purchase can be found here. 1.63% of the stock is owned by corporate insiders.
About F.N.B. Corp.
F.N.B. Corporation is a financial holding company. The Company operates through four segments: Community Banking, Wealth Management, Insurance and Consumer Finance. Its Community Banking segment consists of First National Bank of Pennsylvania (FNBPA), which offers services, including commercial and individual demand, savings and time deposit accounts and commercial, mortgage and individual installment loans.
Receive News & Stock Ratings for F.N.B. Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F.N.B. Corp. and related stocks with our FREE daily email newsletter.