Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of F.N.B. Corporation (NYSE:FNB) by 0.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,153 shares of the bank’s stock after acquiring an additional 343 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in F.N.B. Corporation were worth $668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Elkfork Partners LLC boosted its holdings in F.N.B. Corporation by 5.5% during the 1st quarter. Elkfork Partners LLC now owns 9,306 shares of the bank’s stock valued at $138,000 after acquiring an additional 484 shares during the period. World Asset Management Inc boosted its holdings in F.N.B. Corporation by 2.8% during the 2nd quarter. World Asset Management Inc now owns 20,381 shares of the bank’s stock valued at $289,000 after acquiring an additional 558 shares during the period. Envestnet Asset Management Inc. boosted its holdings in F.N.B. Corporation by 1.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 36,917 shares of the bank’s stock valued at $548,000 after acquiring an additional 589 shares during the period. Meadow Creek Investment Management LLC boosted its holdings in F.N.B. Corporation by 5.5% during the 1st quarter. Meadow Creek Investment Management LLC now owns 11,844 shares of the bank’s stock valued at $176,000 after acquiring an additional 616 shares during the period. Finally, Fort Pitt Capital Group LLC boosted its holdings in F.N.B. Corporation by 0.3% during the 1st quarter. Fort Pitt Capital Group LLC now owns 227,625 shares of the bank’s stock valued at $3,385,000 after acquiring an additional 632 shares during the period. Institutional investors own 76.41% of the company’s stock.

FNB has been the subject of several analyst reports. ValuEngine cut F.N.B. Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Boenning Scattergood upgraded F.N.B. Corporation from a “neutral” rating to an “outperform” rating in a report on Monday, August 28th. Raymond James Financial, Inc. initiated coverage on F.N.B. Corporation in a report on Tuesday, June 13th. They set a “strong-buy” rating and a $19.00 target price for the company. BidaskClub upgraded F.N.B. Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, June 9th. Finally, J P Morgan Chase & Co upgraded F.N.B. Corporation from a “neutral” rating to an “overweight” rating and set a $17.50 target price for the company in a report on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $17.55.

Shares of F.N.B. Corporation (NYSE:FNB) opened at 12.79 on Monday. The firm has a 50-day moving average price of $12.98 and a 200 day moving average price of $14.01. F.N.B. Corporation has a 12-month low of $11.86 and a 12-month high of $16.43. The stock has a market cap of $4.11 billion, a PE ratio of 16.46 and a beta of 0.96.

F.N.B. Corporation (NYSE:FNB) last announced its earnings results on Thursday, July 20th. The bank reported $0.23 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.23. F.N.B. Corporation had a return on equity of 6.97% and a net margin of 19.43%. The business had revenue of $284.50 million during the quarter, compared to analyst estimates of $294.39 million. During the same quarter in the previous year, the business earned $0.22 earnings per share. The company’s revenue for the quarter was up 24.8% compared to the same quarter last year. Equities research analysts expect that F.N.B. Corporation will post $0.95 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.48 annualized dividend and a dividend yield of 3.75%. F.N.B. Corporation’s dividend payout ratio (DPR) is presently 61.54%.

TRADEMARK VIOLATION WARNING: “Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $668,000 Position in F.N.B. Corporation (FNB)” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another domain, it was illegally copied and republished in violation of international copyright legislation. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/09/18/commonwealth-of-pennsylvania-public-school-empls-retrmt-sys-has-668000-position-in-f-n-b-corporation-fnb.html.

In other F.N.B. Corporation news, insider Gary L. Guerrieri sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $13.19, for a total transaction of $92,330.00. Following the completion of the transaction, the insider now owns 38,407 shares in the company, valued at $506,588.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frank C. Mencini bought 2,500 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were acquired at an average price of $13.57 per share, with a total value of $33,925.00. Following the transaction, the director now directly owns 19,977 shares of the company’s stock, valued at $271,087.89. The disclosure for this purchase can be found here. 1.21% of the stock is owned by insiders.

F.N.B. Corporation Company Profile

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.

Want to see what other hedge funds are holding FNB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for F.N.B. Corporation (NYSE:FNB).

Institutional Ownership by Quarter for F.N.B. Corporation (NYSE:FNB)

Receive News & Stock Ratings for F.N.B. Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F.N.B. Corporation and related stocks with our FREE daily email newsletter.