Royal Bank of Canada Raises Position in F.N.B. Corporation (FNB)

Royal Bank of Canada increased its stake in shares of F.N.B. Corporation (NYSE:FNB) by 1,517.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,704,634 shares of the bank’s stock after purchasing an additional 1,599,230 shares during the period. Royal Bank of Canada owned 0.53% of F.N.B. Corporation worth $24,137,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Ffcm LLC acquired a new position in shares of F.N.B. Corporation during the 2nd quarter worth approximately $114,000. Stifel Financial Corp raised its position 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 purchasing 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 approximately $169,000. Round Table Services LLC acquired a new position in shares of F.N.B. Corporation during the 2nd quarter worth approximately $172,000. Finally, Raymond James Trust N.A. raised its position 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 purchasing an additional 2,181 shares during the last quarter. Hedge funds and other institutional investors own 76.41% of the company’s stock.

In related 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 value of $41,700.00. Following the transaction, the director now directly owns 84,370 shares in the company, valued at approximately $1,172,743. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gary L. Guerrieri sold 7,000 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were 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 disclosure for this sale can be found here. 1.21% of the stock is currently owned by company insiders.

ILLEGAL ACTIVITY WARNING: “Royal Bank of Canada Raises Position in F.N.B. Corporation (FNB)” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another domain, it was illegally stolen and republished in violation of US and international copyright & trademark law. The original version of this story can be accessed at https://ledgergazette.com/2017/10/10/royal-bank-of-canada-raises-position-in-f-n-b-corporation-fnb.html.

Shares of F.N.B. Corporation (FNB) opened at 13.93 on Tuesday. 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 capitalization of $4.48 billion, a PE ratio of 17.93 and a beta of 0.97. The company’s 50-day moving average is $13.14 and its 200-day moving average is $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 analysts’ consensus estimates of $0.23. The business 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%. F.N.B. Corporation’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.22 EPS. Equities research analysts expect that F.N.B. Corporation will post $0.95 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were issued a dividend of $0.12 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.45%. F.N.B. Corporation’s dividend payout ratio is currently 61.54%.

Several research analysts recently issued reports on FNB shares. ValuEngine downgraded F.N.B. Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded F.N.B. Corporation from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. 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. began coverage on F.N.B. Corporation in a report on Tuesday, June 13th. They issued a “strong-buy” rating and a $19.00 price target for the company. Finally, FIG Partners upgraded F.N.B. Corporation from a “market perform” rating to an “outperform” rating and set a $16.00 price target for the company in a report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. F.N.B. C

Other institutional investors also recently modified their holdings of the company. Ffcm LLC acquired a new position in shares of F.N.B. Corporation during the 2nd quarter worth approximately $114,000. Stifel Financial Corp raised its position 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 purchasing 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 approximately $169,000. Round Table Services LLC acquired a new position in shares of F.N.B. Corporation during the 2nd quarter worth approximately $172,000. Finally, Raymond James Trust N.A. raised its position 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 purchasing an additional 2,181 shares during the last quarter. Hedge funds and other institutional investors own 76.41% of the company’s stock.

In related 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 value of $41,700.00. Following the transaction, the director now directly owns 84,370 shares in the company, valued at approximately $1,172,743. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gary L. Guerrieri sold 7,000 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were 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 disclosure for this sale can be found here. 1.21% of the stock is currently owned by company insiders.

ILLEGAL ACTIVITY WARNING: “Royal Bank of Canada Raises Position in F.N.B. Corporation (FNB)” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another domain, it was illegally stolen and republished in violation of US and international copyright & trademark law. The original version of this story can be accessed at https://ledgergazette.com/2017/10/10/royal-bank-of-canada-raises-position-in-f-n-b-corporation-fnb.html.

Shares of F.N.B. Corporation (FNB) opened at 13.93 on Tuesday. 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 capitalization of $4.48 billion, a PE ratio of 17.93 and a beta of 0.97. The company’s 50-day moving average is $13.14 and its 200-day moving average is $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 analysts’ consensus estimates of $0.23. The business 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%. F.N.B. Corporation’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.22 EPS. Equities research analysts expect that F.N.B. Corporation will post $0.95 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were issued a dividend of $0.12 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.45%. F.N.B. Corporation’s dividend payout ratio is currently 61.54%.

Several research analysts recently issued reports on FNB shares. ValuEngine downgraded F.N.B. Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded F.N.B. Corporation from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. 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. began coverage on F.N.B. Corporation in a report on Tuesday, June 13th. They issued a “strong-buy” rating and a $19.00 price target for the company. Finally, FIG Partners upgraded F.N.B. Corporation from a “market perform” rating to an “outperform” rating and set a $16.00 price target for the company in a report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. F.N.B. Corporation presently has a consensus rating of “Buy” and a consensus target price of $17.39.

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.

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

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