Laurion Capital Management LP bought a new position in F.N.B. Corporation (NYSE:FNB) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 187,420 shares of the bank’s stock, valued at approximately $2,654,000. Laurion Capital Management LP owned 0.06% of F.N.B. Corporation at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in FNB. Bank of Montreal Can boosted its stake in F.N.B. Corporation by 11.3% in the 1st quarter. Bank of Montreal Can now owns 23,403 shares of the bank’s stock worth $349,000 after purchasing an additional 2,377 shares during the period. Capstone Asset Management Co. boosted its stake in F.N.B. Corporation by 7.0% in the 1st quarter. Capstone Asset Management Co. now owns 13,999 shares of the bank’s stock worth $208,000 after purchasing an additional 920 shares during the period. Strs Ohio boosted its stake in F.N.B. Corporation by 101.4% in the 1st quarter. Strs Ohio now owns 56,000 shares of the bank’s stock worth $832,000 after purchasing an additional 28,200 shares during the period. Wells Fargo & Company MN boosted its stake in F.N.B. Corporation by 182.6% in the 1st quarter. Wells Fargo & Company MN now owns 449,944 shares of the bank’s stock worth $6,691,000 after purchasing an additional 290,706 shares during the period. Finally, Great West Life Assurance Co. Can boosted its stake in F.N.B. Corporation by 64.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 190,815 shares of the bank’s stock worth $2,834,000 after purchasing an additional 74,794 shares during the period. 76.41% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have commented on FNB shares. Jefferies Group LLC reissued a “buy” rating and set a $18.00 price target on shares of F.N.B. Corporation in a research report on Friday, August 11th. Zacks Investment Research cut shares of F.N.B. Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday. Royal Bank Of Canada reissued a “hold” rating and set a $15.00 price target on shares of F.N.B. Corporation in a research report on Friday, September 8th. BidaskClub raised shares of F.N.B. Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, June 9th. Finally, ValuEngine cut shares of F.N.B. Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. F.N.B. Corporation currently has an average rating of “Buy” and an average target price of $17.55.
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Shares of F.N.B. Corporation (NYSE FNB) opened at 13.08 on Wednesday. F.N.B. Corporation has a 12 month low of $11.86 and a 12 month high of $16.43. The company has a market capitalization of $4.20 billion, a PE ratio of 16.83 and a beta of 0.96. The firm’s 50-day moving average is $12.95 and its 200 day moving average is $13.94.
F.N.B. Corporation (NYSE:FNB) last issued its quarterly earnings data on Thursday, July 20th. The bank reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. The firm had revenue of $284.50 million during the quarter, compared to analysts’ expectations of $294.39 million. F.N.B. Corporation had a net margin of 19.43% and a return on equity of 6.97%. The business’s revenue was up 24.8% on a year-over-year basis. During the same period last year, the company earned $0.22 earnings per share. Equities research analysts predict that F.N.B. Corporation will post $0.95 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.67%. The ex-dividend date was Wednesday, August 30th. F.N.B. Corporation’s dividend payout ratio (DPR) is presently 61.54%.
In related news, insider Gary L. Guerrieri sold 7,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $13.19, for a total transaction of $92,330.00. Following the transaction, the insider now directly owns 38,407 shares in the company, valued at $506,588.33. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Frank C. Mencini purchased 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were purchased at an average price of $13.57 per share, for a total transaction of $33,925.00. Following the completion of the acquisition, the director now owns 19,977 shares of the company’s stock, valued at approximately $271,087.89. The disclosure for this purchase can be found here. 1.21% of the stock is currently owned by insiders.
About F.N.B. Corporation
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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