Russell Investments Group Ltd. grew its stake in F.N.B. Corporation (NYSE:FNB) by 9.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,613,492 shares of the bank’s stock after purchasing an additional 228,546 shares during the period. Russell Investments Group Ltd. owned approximately 0.81% of F.N.B. worth $36,667,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in F.N.B. by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 27,139,637 shares of the bank’s stock worth $384,298,000 after purchasing an additional 781,511 shares during the period. State Street Corp grew its stake in F.N.B. by 3.2% during the 2nd quarter. State Street Corp now owns 18,107,627 shares of the bank’s stock worth $256,409,000 after buying an additional 555,996 shares during the last quarter. Neuberger Berman Group LLC grew its stake in F.N.B. by 16.6% during the 2nd quarter. Neuberger Berman Group LLC now owns 11,400,820 shares of the bank’s stock worth $161,436,000 after buying an additional 1,620,392 shares during the last quarter. FMR LLC grew its stake in F.N.B. by 15.5% during the 2nd quarter. FMR LLC now owns 9,337,204 shares of the bank’s stock worth $132,214,000 after buying an additional 1,253,800 shares during the last quarter. Finally, Hamlin Capital Management LLC grew its stake in F.N.B. by 23.2% during the 3rd quarter. Hamlin Capital Management LLC now owns 5,691,678 shares of the bank’s stock worth $79,854,000 after buying an additional 1,071,738 shares during the last quarter. 76.02% of the stock is owned by institutional investors and hedge funds.
A number of analysts have commented on the company. Zacks Investment Research raised F.N.B. from a “sell” rating to a “hold” rating in a research report 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. in a research report on Friday, October 20th. ValuEngine cut F.N.B. from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Boenning Scattergood raised F.N.B. from a “neutral” rating to an “outperform” rating in a report on Monday, August 28th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $15.00 price target on shares of F.N.B. in a report on Tuesday, October 3rd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $17.39.
In other F.N.B. news, insider Robert M. Moorehead bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were purchased at an average price of $13.46 per share, with a total value of $67,300.00. Following the completion of the acquisition, the insider now directly owns 25,312 shares of the company’s stock, valued at approximately $340,699.52. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank C. Mencini acquired 2,000 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were purchased at an average cost of $12.93 per share, for a total transaction of $25,860.00. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 8,500 shares of company stock worth $113,350. Insiders own 1.21% of the company’s stock.
F.N.B. Corporation (NYSE FNB) traded down $0.10 during trading hours on Wednesday, reaching $14.03. The company’s stock had a trading volume of 2,149,247 shares, compared to its average volume of 2,812,107. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. F.N.B. Corporation has a one year low of $12.02 and a one year high of $16.43. The firm has a market capitalization of $4,652.43, a PE ratio of 15.31, a price-to-earnings-growth ratio of 1.64 and a beta of 0.96.
F.N.B. (NYSE:FNB) last released its quarterly earnings results on Thursday, October 19th. The bank reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. The company had revenue of $291.38 million for the quarter, compared to analysts’ expectations of $299.47 million. F.N.B. had a return on equity of 6.81% and a net margin of 19.95%. During the same period in the prior year, the firm earned $0.24 earnings per share. equities analysts predict that F.N.B. Corporation will post 0.92 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.42%. The ex-dividend date is Thursday, November 30th. F.N.B.’s payout ratio is currently 62.34%.
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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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