Alliancebernstein L.P. decreased its position in F.N.B. Corporation (NYSE:FNB) by 62.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 186,850 shares of the bank’s stock after selling 309,557 shares during the quarter. Alliancebernstein L.P. owned approximately 0.06% of F.N.B. Corporation worth $2,646,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC increased its position in shares of F.N.B. Corporation by 35.7% in the first quarter. FMR LLC now owns 8,083,404 shares of the bank’s stock valued at $120,201,000 after acquiring an additional 2,127,104 shares during the period. BlackRock Inc. increased its position in shares of F.N.B. Corporation by 25,256.7% in the first quarter. BlackRock Inc. now owns 36,800,404 shares of the bank’s stock valued at $547,224,000 after acquiring an additional 36,655,273 shares during the period. Louisiana State Employees Retirement System increased its position in shares of F.N.B. Corporation by 4.2% in the second quarter. Louisiana State Employees Retirement System now owns 84,300 shares of the bank’s stock valued at $1,194,000 after acquiring an additional 3,400 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of F.N.B. Corporation by 12.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 81,448 shares of the bank’s stock valued at $1,153,000 after acquiring an additional 9,243 shares during the period. Finally, Creative Planning increased its position in shares of F.N.B. Corporation by 6.6% in the second quarter. Creative Planning now owns 93,356 shares of the bank’s stock valued at $1,322,000 after acquiring an additional 5,814 shares during the period. Hedge funds and other institutional investors own 76.41% of the company’s stock.

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

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F.N.B. Corporation (FNB) opened at 13.99 on Friday. The company’s 50 day moving average is $13.24 and its 200 day moving average is $13.77. F.N.B. Corporation has a 12 month low of $12.02 and a 12 month high of $16.43. The stock has a market cap of $4.49 billion, a PE ratio of 18.01 and a beta of 0.97.

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 Thomson Reuters’ consensus estimate of $0.23. The company had revenue of $284.50 million for the quarter, compared to the consensus estimate of $294.39 million. F.N.B. Corporation had a net margin of 19.43% and a return on equity of 6.97%. The firm’s revenue was up 24.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.22 EPS. On average, analysts anticipate that F.N.B. Corporation will post $0.95 EPS for the current fiscal year.

The business also recently declared 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 3.43%. The ex-dividend date was Wednesday, August 30th. F.N.B. Corporation’s dividend payout ratio is presently 61.54%.

A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of F.N.B. Corporation from a “hold” rating to a “sell” rating in a research report on Monday. Keefe, Bruyette & Woods restated a “hold” rating and issued a $15.00 price objective on shares of F.N.B. Corporation in a research report on Tuesday, October 3rd. ValuEngine upgraded shares of F.N.B. Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Royal Bank Of Canada restated a “hold” rating and issued a $15.00 price objective on shares of F.N.B. Corporation in a research report on Friday, September 8th. Finally, Boenning Scattergood upgraded shares of F.N.B. Corporation from a “neutral” rating to an “outperform” rating in a research report on Monday, August 28th. 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 company currently has a consensus rating of “Buy” and a consensus price target of $17.39.

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.

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

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