Nomura Holdings Inc. reduced its position in shares of F.N.B. Corp. (NYSE:FNB) by 80.3% during the second quarter, Holdings Channel reports. The fund owned 10,500 shares of the company’s stock after selling 42,695 shares during the period. Nomura Holdings Inc.’s holdings in F.N.B. Corp. were worth $131,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in FNB. Mason Street Advisors LLC acquired a new position in shares of F.N.B. Corp. during the second quarter worth approximately $1,193,000. Royal Bank of Canada increased its position in shares of F.N.B. Corp. by 90.8% in the second quarter. Royal Bank of Canada now owns 191,265 shares of the company’s stock worth $2,398,000 after buying an additional 91,012 shares during the last quarter. Financial Advantage Inc. increased its position in shares of F.N.B. Corp. by 1.2% in the second quarter. Financial Advantage Inc. now owns 333,042 shares of the company’s stock worth $4,176,000 after buying an additional 3,844 shares during the last quarter. Calvert Investment Management Inc. increased its position in shares of F.N.B. Corp. by 5.8% in the second quarter. Calvert Investment Management Inc. now owns 294,136 shares of the company’s stock worth $3,688,000 after buying an additional 16,204 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of F.N.B. Corp. by 1.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 861,536 shares of the company’s stock worth $10,804,000 after buying an additional 11,997 shares during the last quarter. 68.51% of the stock is owned by hedge funds and other institutional investors.
Shares of F.N.B. Corp. (NYSE:FNB) opened at 12.30 on Monday. The company has a 50-day moving average of $12.28 and a 200-day moving average of $12.68. F.N.B. Corp. has a 52-week low of $11.16 and a 52-week high of $14.66. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 16.80 and a beta of 1.02.
F.N.B. Corp. (NYSE:FNB) last released its earnings results on Thursday, July 21st. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by $0.02. F.N.B. Corp. had a return on equity of 7.60% and a net margin of 18.64%. During the same quarter in the previous year, the firm posted $0.22 EPS. Equities research analysts anticipate that F.N.B. Corp. will post $0.79 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, August 30th. This represents a $0.48 dividend on an annualized basis and a yield of 3.90%. F.N.B. Corp.’s payout ratio is presently 64.86%.
A number of brokerages recently commented on FNB. Zacks Investment Research downgraded shares of F.N.B. Corp. from a “hold” rating to a “sell” rating in a report on Monday, July 25th. FBR & Co lowered their price target on shares of F.N.B. Corp. from $14.00 to $13.00 and set a “mkt perform” rating for the company in a report on Friday, July 22nd. JPMorgan Chase & Co. reissued a “hold” rating on shares of F.N.B. Corp. in a research report on Saturday, July 9th. Finally, Jefferies Group reissued a “buy” rating and issued a $14.00 price objective on shares of F.N.B. Corp. in a research report on Thursday, July 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $13.80.
In other F.N.B. Corp. news, insider Gary L. Guerrieri purchased 4,058 shares of the stock in a transaction that occurred on Thursday, August 11th. The shares were purchased at an average cost of $12.32 per share, for a total transaction of $49,994.56. Following the completion of the transaction, the insider now owns 54,622 shares of the company’s stock, valued at approximately $672,943.04. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert A. Hormell purchased 3,000 shares of the stock in a transaction that occurred on Monday, August 8th. The shares were acquired at an average price of $12.35 per share, for a total transaction of $37,050.00. Following the completion of the transaction, the director now directly owns 54,217 shares of the company’s stock, valued at approximately $669,579.95. The disclosure for this purchase can be found here. Corporate insiders own 1.63% of the company’s stock.
About F.N.B. Corp.
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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