BlueCrest Capital Management Ltd Takes Position in F.N.B. Corporation (FNB)
BlueCrest Capital Management Ltd purchased a new stake in shares of F.N.B. Corporation (NYSE:FNB) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 395,479 shares of the bank’s stock, valued at approximately $5,600,000. BlueCrest Capital Management Ltd owned approximately 0.12% of F.N.B. Corporation as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in FNB. Ffcm LLC purchased a new stake in F.N.B. Corporation during the second quarter valued at $114,000. Stifel Financial Corp raised its stake in F.N.B. Corporation by 1.9% during the second quarter. Stifel Financial Corp now owns 10,609 shares of the bank’s stock valued at $150,000 after purchasing an additional 202 shares in the last quarter. Jane Street Group LLC purchased a new stake in F.N.B. Corporation during the first quarter valued at $169,000. Round Table Services LLC purchased a new stake in F.N.B. Corporation during the second quarter valued at $172,000. Finally, Raymond James Trust N.A. raised its stake in F.N.B. Corporation by 20.4% during the second quarter. Raymond James Trust N.A. now owns 12,859 shares of the bank’s stock valued at $182,000 after purchasing an additional 2,181 shares in the last quarter. 76.41% of the stock is currently owned by institutional investors.
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A number of equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $15.00 price target on shares of F.N.B. Corporation in a research note on Tuesday, October 3rd. ValuEngine raised shares of F.N.B. Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research raised shares of F.N.B. Corporation from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $15.00 price target on shares of F.N.B. Corporation in a research note on Friday, September 8th. Finally, Boenning Scattergood raised shares of F.N.B. Corporation from a “neutral” rating to an “outperform” rating in a research note on Monday, August 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $17.39.
Shares of F.N.B. Corporation (NYSE:FNB) traded down 0.14% during midday trading on Friday, hitting $14.01. 2,153,935 shares of the stock traded hands. The company’s 50 day moving average price is $13.10 and its 200-day moving average price is $13.79. The stock has a market cap of $4.50 billion, a price-to-earnings ratio of 18.03 and a beta of 0.97. F.N.B. Corporation has a 12-month low of $12.02 and a 12-month high of $16.43.
F.N.B. Corporation (NYSE:FNB) last posted its quarterly earnings results on Thursday, July 20th. The bank reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. The business had revenue of $284.50 million for the quarter, compared to analyst estimates of $294.39 million. F.N.B. Corporation had a return on equity of 6.97% and a net margin of 19.43%. The company’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.22 EPS. On average, equities research analysts expect that F.N.B. Corporation will post $0.95 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a $0.12 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.48 annualized dividend and a yield of 3.43%. F.N.B. Corporation’s dividend payout ratio (DPR) is currently 61.54%.
In related news, Director Frank C. Mencini acquired 2,500 shares of F.N.B. Corporation stock in a transaction that occurred on Tuesday, August 8th. The shares were purchased at an average cost of $13.57 per share, for a total transaction of $33,925.00. Following the acquisition, the director now owns 19,977 shares in the company, valued at $271,087.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William B. Campbell sold 3,000 shares of the business’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $13.90, for a total transaction of $41,700.00. Following the completion of the sale, the director now owns 84,370 shares in the company, valued at $1,172,743. The disclosure for this sale can be found here. 1.21% of the stock is currently 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.
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