Oakbrook Investments LLC purchased a new stake in F.N.B. Corp. (NYSE:FNB) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 17,100 shares of the company’s stock, valued at approximately $214,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capstone Asset Management Co. raised its position in F.N.B. Corp. by 1.1% in the second quarter. Capstone Asset Management Co. now owns 11,819 shares of the company’s stock valued at $148,000 after buying an additional 130 shares during the period. LS Investment Advisors LLC raised its position in F.N.B. Corp. by 75.2% in the second quarter. LS Investment Advisors LLC now owns 12,557 shares of the company’s stock worth $157,000 after buying an additional 5,389 shares during the last quarter. LPL Financial LLC raised its position in F.N.B. Corp. by 5.8% in the first quarter. LPL Financial LLC now owns 14,082 shares of the company’s stock worth $177,000 after buying an additional 778 shares during the last quarter. Parametrica Management Ltd acquired a new position in F.N.B. Corp. during the second quarter worth $237,000. Finally, Pacad Investment Ltd. acquired a new position in F.N.B. Corp. during the first quarter worth $260,000. 68.51% of the stock is currently owned by hedge funds and other institutional investors.
Shares of F.N.B. Corp. (NYSE:FNB) traded up 0.25% on Friday, reaching $12.22. The company’s stock had a trading volume of 1,592,418 shares. The stock has a market cap of $2.55 billion, a P/E ratio of 16.69 and a beta of 0.98. The firm’s 50 day moving average is $12.30 and its 200-day moving average is $12.71. F.N.B. Corp. has a 52-week low of $11.16 and a 52-week high of $14.66.
F.N.B. Corp. (NYSE:FNB) last posted its earnings results on Thursday, July 21st. The company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.02. F.N.B. Corp. had a net margin of 18.64% and a return on equity of 7.60%. During the same period in the prior year, the business posted $0.22 earnings per share. On average, equities research analysts forecast that F.N.B. Corp. will post $0.79 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.93%. F.N.B. Corp.’s dividend payout ratio is presently 64.86%.
A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. reissued a “hold” rating on shares of F.N.B. Corp. in a report on Saturday, July 9th. Zacks Investment Research raised F.N.B. Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, June 28th. Jefferies Group reissued a “buy” rating and set a $14.00 target price on shares of F.N.B. Corp. in a report on Thursday, July 7th. Finally, FBR & Co decreased their target price on F.N.B. Corp. from $14.00 to $13.00 and set a “mkt perform” rating on the stock in a report on Friday, July 22nd. One analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $13.80.
In related news, CEO Vincent J. Delie, Jr. bought 5,000 shares of the company’s stock in a transaction dated Friday, July 29th. The shares were bought at an average price of $11.97 per share, for a total transaction of $59,850.00. Following the completion of the acquisition, the chief executive officer now directly owns 175,054 shares of the company’s stock, valued at $2,095,396.38. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert A. Hormell bought 3,000 shares of the company’s stock in a transaction dated Monday, August 8th. The stock was bought at an average price of $12.35 per share, for a total transaction of $37,050.00. Following the acquisition, the director now directly owns 54,217 shares of the company’s stock, valued at $669,579.95. The disclosure for this purchase can be found here. 1.63% of the stock is owned by insiders.
F.N.B. Corp. 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.
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