LSV Asset Management grew its stake in F.N.B. Corp (NYSE:FNB) by 38.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 683,700 shares of the bank’s stock after purchasing an additional 189,000 shares during the quarter. LSV Asset Management owned approximately 0.21% of F.N.B. worth $9,448,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Stifel Financial Corp lifted its holdings in shares of F.N.B. by 1.9% in the second quarter. Stifel Financial Corp now owns 10,609 shares of the bank’s stock valued at $150,000 after purchasing an additional 202 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of F.N.B. by 16.0% in the fourth quarter. Bank of Montreal Can now owns 28,291 shares of the bank’s stock valued at $391,000 after purchasing an additional 3,912 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of F.N.B. by 7.1% in the third quarter. Mackenzie Financial Corp now owns 60,000 shares of the bank’s stock valued at $842,000 after purchasing an additional 4,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of F.N.B. by 28.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,102 shares of the bank’s stock valued at $250,000 after purchasing an additional 4,020 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of F.N.B. by 0.8% in the third quarter. Rhumbline Advisers now owns 555,349 shares of the bank’s stock valued at $7,792,000 after purchasing an additional 4,342 shares in the last quarter. Institutional investors own 76.50% of the company’s stock.
Shares of F.N.B. Corp (NYSE FNB) opened at $13.75 on Friday. The company has a market capitalization of $4,447.64, a price-to-earnings ratio of 22.54, a P/E/G ratio of 1.28 and a beta of 0.91. F.N.B. Corp has a fifty-two week low of $12.02 and a fifty-two week high of $16.33. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.16.
F.N.B. (NYSE:FNB) last issued its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.24 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.24. The business had revenue of $295.14 million for the quarter, compared to analyst estimates of $295.89 million. F.N.B. had a return on equity of 6.69% and a net margin of 16.00%. During the same period last year, the company posted $0.24 earnings per share. analysts anticipate that F.N.B. Corp will post 1.13 EPS for the current fiscal year.
In other news, Director Pamela A. Bena bought 2,750 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was acquired at an average cost of $14.15 per share, with a total value of $38,912.50. Following the completion of the transaction, the director now directly owns 3,850 shares of the company’s stock, valued at approximately $54,477.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William B. Campbell sold 3,300 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $14.48, for a total value of $47,784.00. The disclosure for this sale can be found here. Company insiders own 1.21% of the company’s stock.
A number of research analysts have recently weighed in on FNB shares. Keefe, Bruyette & Woods restated a “hold” rating and issued a $16.50 target price on shares of F.N.B. in a report on Friday, December 22nd. Stephens started coverage on F.N.B. in a report on Wednesday, December 13th. They issued an “equal weight” rating on the stock. Royal Bank of Canada restated a “hold” rating and issued a $15.00 target price on shares of F.N.B. in a report on Friday, October 20th. Zacks Investment Research upgraded F.N.B. from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Wednesday, January 3rd. Finally, ValuEngine lowered F.N.B. from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $17.10.
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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