US Bancorp DE lowered its stake in shares of F.N.B. Corp (NYSE:FNB) by 2.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,053 shares of the bank’s stock after selling 4,971 shares during the quarter. US Bancorp DE owned about 0.05% of F.N.B. worth $1,759,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of FNB. W.E. Donoghue & Co. LLC purchased a new stake in shares of F.N.B. in the first quarter valued at approximately $910,000. Dupont Capital Management Corp acquired a new stake in shares of F.N.B. in the fourth quarter worth approximately $285,000. Stevens Capital Management LP acquired a new stake in shares of F.N.B. in the fourth quarter worth approximately $788,000. LSV Asset Management boosted its stake in shares of F.N.B. by 1.0% in the first quarter. LSV Asset Management now owns 2,366,100 shares of the bank’s stock worth $25,080,000 after acquiring an additional 23,200 shares during the last quarter. Finally, EJF Capital LLC boosted its stake in shares of F.N.B. by 94.8% in the fourth quarter. EJF Capital LLC now owns 2,580,063 shares of the bank’s stock worth $25,388,000 after acquiring an additional 1,255,733 shares during the last quarter. 76.08% of the stock is currently owned by institutional investors.
A number of brokerages have recently issued reports on FNB. Boenning Scattergood reaffirmed a “buy” rating and issued a $13.00 price target on shares of F.N.B. in a research note on Thursday, April 25th. Zacks Investment Research raised F.N.B. from a “sell” rating to a “hold” rating in a research note on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. F.N.B. has an average rating of “Buy” and a consensus price target of $15.00.
NYSE FNB traded up $0.04 during trading hours on Wednesday, hitting $11.33. 1,712,834 shares of the company were exchanged, compared to its average volume of 2,340,056. The company’s 50 day simple moving average is $11.50. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.82 and a current ratio of 0.82. F.N.B. Corp has a 52-week low of $9.35 and a 52-week high of $13.88. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 10.03, a price-to-earnings-growth ratio of 1.01 and a beta of 1.26.
F.N.B. (NYSE:FNB) last issued its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.02. The company had revenue of $296.00 million for the quarter, compared to the consensus estimate of $298.73 million. F.N.B. had a return on equity of 8.50% and a net margin of 25.54%. F.N.B.’s revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.26 EPS. Equities analysts expect that F.N.B. Corp will post 1.17 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, June 15th. Stockholders of record on Friday, May 31st were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $0.48 annualized dividend and a dividend yield of 4.24%. F.N.B.’s dividend payout ratio is currently 42.48%.
In other F.N.B. news, Director Mary Jo Dively acquired 4,000 shares of the stock in a transaction dated Monday, May 6th. The stock was acquired at an average cost of $12.36 per share, with a total value of $49,440.00. Following the transaction, the director now owns 21,900 shares in the company, valued at approximately $270,684. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.59% of the company’s stock.
F.N.B. Company Profile
F.N.B. Corporation, a financial holding company, provides a range of financial services primarily to consumers, corporations, governments, and small- to medium-sized businesses. The company operates through three segments: Community Banking, Wealth Management, and Insurance. It offers commercial banking solutions, including corporate and small business banking, investment real estate financing, business credit, capital market, and lease financing services.
Further Reading: Cash Asset Ratio
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