Kalos Management Inc. Purchases Shares of 181,730 F.N.B. Corporation (FNB)
Kalos Management Inc. purchased a new position in shares of F.N.B. Corporation (NYSE:FNB) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 181,730 shares of the bank’s stock, valued at approximately $2,573,000. F.N.B. Corporation comprises approximately 2.4% of Kalos Management Inc.’s holdings, making the stock its 12th biggest position. Kalos Management Inc. owned approximately 0.06% of F.N.B. Corporation at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in FNB. Ffcm LLC acquired a new position in shares of F.N.B. Corporation during the 2nd quarter worth $114,000. Stifel Financial Corp raised its stake in shares of F.N.B. Corporation by 1.9% during the 2nd quarter. Stifel Financial Corp now owns 10,609 shares of the bank’s stock worth $150,000 after buying an additional 202 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of F.N.B. Corporation during the 1st quarter worth $169,000. Round Table Services LLC acquired a new position in shares of F.N.B. Corporation during the 2nd quarter worth $172,000. Finally, Raymond James Trust N.A. raised its stake in shares of F.N.B. Corporation by 20.4% during the 2nd quarter. Raymond James Trust N.A. now owns 12,859 shares of the bank’s stock worth $182,000 after buying an additional 2,181 shares during the last quarter. 76.41% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently issued reports on FNB shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $18.00 price target on shares of F.N.B. Corporation in a research note on Friday, August 11th. ValuEngine raised F.N.B. Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. BidaskClub raised F.N.B. Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Zacks Investment Research raised F.N.B. Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of F.N.B. Corporation in a research note on Friday, July 21st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $17.39.
Shares of F.N.B. Corporation (NYSE:FNB) traded down 0.21% on Wednesday, reaching $14.04. 471,477 shares of the company traded hands. F.N.B. Corporation has a 52-week low of $12.02 and a 52-week high of $16.43. The company has a market capitalization of $4.54 billion, a PE ratio of 17.33 and a beta of 0.97. The firm has a 50-day moving average of $13.17 and a 200-day moving average of $13.77.
F.N.B. Corporation (NYSE:FNB) last released its quarterly earnings results on Thursday, July 20th. The bank reported $0.23 earnings per share for the quarter, meeting the Zacks’ 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 last year, the company posted $0.22 EPS. F.N.B. Corporation’s revenue for the quarter was up 24.8% on a year-over-year basis. On average, equities research analysts forecast that F.N.B. Corporation will post $0.95 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.41%. The ex-dividend date was Wednesday, August 30th. F.N.B. Corporation’s dividend payout ratio is currently 61.54%.
In other F.N.B. Corporation 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 stock was purchased at an average cost of $13.57 per share, with a total value of $33,925.00. Following the purchase, the director now owns 19,977 shares in the company, valued at $271,087.89. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William B. Campbell sold 3,000 shares of the stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $13.90, for a total value of $41,700.00. Following the completion of the sale, the director now directly owns 84,370 shares of the company’s stock, valued at $1,172,743. The disclosure for this sale can be found here. 1.21% of the stock is currently owned by corporate insiders.
WARNING: “Kalos Management Inc. Purchases Shares of 181,730 F.N.B. Corporation (FNB)” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The original version of this news story can be accessed at https://www.thecerbatgem.com/2017/10/11/kalos-management-inc-purchases-shares-of-181730-f-n-b-corporation-fnb.html.
About F.N.B. Corporation
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).
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.