Advisor Group Inc. Has $307,000 Holdings in F.N.B. Corporation (FNB)
Advisor Group Inc. reduced its position in F.N.B. Corporation (NYSE:FNB) by 8.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,774 shares of the bank’s stock after selling 1,905 shares during the quarter. Advisor Group Inc.’s holdings in F.N.B. Corporation were worth $307,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in F.N.B. Corporation by 0.7% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,153 shares of the bank’s stock worth $668,000 after purchasing an additional 343 shares during the last quarter. World Asset Management Inc grew its holdings in F.N.B. Corporation by 2.8% in the second quarter. World Asset Management Inc now owns 20,381 shares of the bank’s stock worth $289,000 after purchasing an additional 558 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in F.N.B. Corporation by 1.6% in the first quarter. Envestnet Asset Management Inc. now owns 36,917 shares of the bank’s stock worth $548,000 after purchasing an additional 589 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in F.N.B. Corporation by 2.6% in the second quarter. Teacher Retirement System of Texas now owns 25,966 shares of the bank’s stock worth $368,000 after purchasing an additional 654 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. grew its holdings in F.N.B. Corporation by 3.7% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 22,713 shares of the bank’s stock worth $338,000 after purchasing an additional 810 shares during the last quarter. 76.41% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have issued reports on FNB. Jefferies Group LLC reaffirmed a “buy” rating and issued a $18.00 price target on shares of F.N.B. Corporation in a report on Friday, August 11th. ValuEngine raised shares of F.N.B. Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $15.00 price target on shares of F.N.B. Corporation in a report on Tuesday, October 3rd. Zacks Investment Research lowered shares of F.N.B. Corporation from a “hold” rating to a “sell” rating in a report on Monday. Finally, BidaskClub lowered shares of F.N.B. Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $17.39.
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In other F.N.B. Corporation news, Director William B. Campbell sold 3,000 shares of the firm’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $13.90, for a total transaction of $41,700.00. Following the transaction, the director now directly owns 84,370 shares of the company’s stock, valued at approximately $1,172,743. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frank C. Mencini acquired 2,500 shares of the stock in a transaction on Tuesday, August 8th. The shares were acquired at an average cost of $13.57 per share, for a total transaction of $33,925.00. Following the completion of the transaction, the director now directly owns 19,977 shares in the company, valued at approximately $271,087.89. The disclosure for this purchase can be found here. Company insiders own 1.21% of the company’s stock.
F.N.B. Corporation (NYSE:FNB) opened at 13.99 on Friday. F.N.B. Corporation has a 52-week low of $12.02 and a 52-week high of $16.43. The firm has a market capitalization of $4.49 billion, a P/E ratio of 18.01 and a beta of 0.97. The company’s 50-day moving average is $13.24 and its 200-day moving average is $13.77.
F.N.B. Corporation (NYSE:FNB) last issued its quarterly earnings data on Thursday, July 20th. The bank reported $0.23 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.23. F.N.B. Corporation had a net margin of 19.43% and a return on equity of 6.97%. The company had revenue of $284.50 million for the quarter, compared to the consensus estimate of $294.39 million. During the same period last year, the firm 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, analysts predict that F.N.B. Corporation will post $0.95 EPS for the current year.
The firm also recently disclosed 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. This represents a $0.48 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend was Wednesday, August 30th. F.N.B. Corporation’s payout ratio is currently 61.54%.
F.N.B. Corporation 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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