Highlander Capital Management LLC lessened its position in shares of F.N.B. Corp (NYSE:FNB) by 62.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,550 shares of the bank’s stock after selling 17,500 shares during the quarter. Highlander Capital Management LLC’s holdings in F.N.B. were worth $139,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in FNB. Stratos Wealth Partners LTD. raised its holdings in F.N.B. by 582.4% during the first quarter. Stratos Wealth Partners LTD. now owns 8,319 shares of the bank’s stock worth $112,000 after purchasing an additional 7,100 shares during the last quarter. Vident Investment Advisory LLC purchased a new stake in shares of F.N.B. in the fourth quarter valued at $152,000. JNBA Financial Advisors purchased a new stake in shares of F.N.B. in the first quarter valued at $153,000. Timber Hill LLC purchased a new stake in shares of F.N.B. in the fourth quarter valued at $174,000. Finally, Moors & Cabot Inc. purchased a new stake in F.N.B. during the fourth quarter valued at about $196,000. Hedge funds and other institutional investors own 79.00% of the company’s stock.
A number of equities research analysts have issued reports on FNB shares. TheStreet raised F.N.B. from a “c+” rating to a “b” rating in a research report on Tuesday, May 29th. ValuEngine upgraded F.N.B. from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Zacks Investment Research upgraded F.N.B. from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Friday, April 6th. Boenning Scattergood reiterated a “buy” rating on shares of F.N.B. in a research note on Tuesday, April 24th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $15.00 price objective on shares of F.N.B. in a research note on Wednesday, April 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. F.N.B. has a consensus rating of “Hold” and a consensus price target of $15.83.
In other F.N.B. news, Director Mary Jo Dively bought 3,700 shares of the stock in a transaction on Thursday, May 17th. The shares were purchased at an average cost of $13.52 per share, with a total value of $50,024.00. Following the completion of the transaction, the director now directly owns 8,050 shares of the company’s stock, valued at approximately $108,836. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Stephen J. Gurgovits bought 4,070 shares of the stock in a transaction on Thursday, May 17th. The shares were acquired at an average cost of $13.52 per share, for a total transaction of $55,026.40. Following the completion of the transaction, the chairman now directly owns 256,329 shares of the company’s stock, valued at $3,465,568.08. The disclosure for this purchase can be found here. Insiders bought 10,770 shares of company stock valued at $145,250 in the last 90 days. Corporate insiders own 0.63% of the company’s stock.
Shares of NYSE FNB opened at $13.42 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 1.28 and a beta of 0.90. F.N.B. Corp has a 1 year low of $12.02 and a 1 year high of $14.91.
F.N.B. (NYSE:FNB) last announced its quarterly earnings data on Tuesday, April 24th. The bank reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. The company had revenue of $294.00 million during the quarter, compared to the consensus estimate of $298.63 million. F.N.B. had a return on equity of 7.37% and a net margin of 19.72%. The company’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.23 EPS. equities research analysts forecast that F.N.B. Corp will post 1.12 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 15th. Stockholders of record on Friday, June 1st were issued a $0.12 dividend. The ex-dividend date was Thursday, May 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.58%. F.N.B.’s payout ratio is currently 51.61%.
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 four segments: Community Banking, Wealth Management, Insurance, and Consumer Finance. It offers commercial banking solutions, including corporate and small business banking, investment real estate financing, business credit, capital market, and lease financing services.
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