LS Investment Advisors LLC cut its position in F.N.B. Corp (NYSE:FNB) by 18.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,984 shares of the bank’s stock after selling 4,405 shares during the period. LS Investment Advisors LLC’s holdings in F.N.B. were worth $276,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in FNB. Stifel Financial Corp boosted its stake 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 worth $150,000 after buying an additional 202 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of F.N.B. by 90.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 60,218 shares of the bank’s stock worth $853,000 after buying an additional 28,532 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of F.N.B. by 1,757.8% in the second quarter. Public Employees Retirement System of Ohio now owns 152,320 shares of the bank’s stock worth $2,157,000 after buying an additional 144,121 shares during the last quarter. Oakbrook Investments LLC boosted its stake in shares of F.N.B. by 103.3% in the third quarter. Oakbrook Investments LLC now owns 27,950 shares of the bank’s stock worth $392,000 after buying an additional 14,200 shares during the last quarter. Finally, Mycio Wealth Partners LLC purchased a new stake in shares of F.N.B. in the third quarter worth about $276,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently commented on the company. Zacks Investment Research downgraded F.N.B. from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. ValuEngine downgraded F.N.B. from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Jefferies Group restated a “buy” rating and issued a $17.00 target price on shares of F.N.B. in a research note on Thursday, January 25th. Boenning Scattergood assumed coverage on F.N.B. in a research note on Tuesday, January 23rd. They issued a “buy” rating on the stock. Finally, SunTrust Banks restated a “buy” rating and issued a $17.00 target price on shares of F.N.B. in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $17.10.
F.N.B. (NYSE:FNB) last issued its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. The company had revenue of $295.14 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the business posted $0.24 earnings per share. equities analysts forecast that F.N.B. Corp will post 1.13 EPS for the current fiscal year.
In other F.N.B. news, Director William B. Campbell sold 3,300 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $14.48, for a total transaction of $47,784.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Frank C. Mencini purchased 2,000 shares of the stock in a transaction on Monday, February 12th. The shares were acquired at an average price of $13.81 per share, for a total transaction of $27,620.00. Following the transaction, the director now directly owns 24,611 shares of the company’s stock, valued at approximately $339,877.91. The disclosure for this purchase can be found here. Insiders have acquired 6,250 shares of company stock worth $86,633 in the last quarter. 1.21% of the stock is currently owned by company insiders.
F.N.B. Corporation is a diversified financial services company operating in eight states. The Company holds a significant retail deposit market share in markets, including Pittsburgh, Pennsylvania; Baltimore, Maryland; Cleveland, Ohio; and Charlotte, Raleigh, Durham and the Piedmont Triad (Winston-Salem, Greensboro and High Point) in North Carolina.
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