Hamlin Capital Management LLC decreased its stake in shares of F.N.B. Corp (NYSE:FNB) by 2.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,864,634 shares of the bank’s stock after selling 152,222 shares during the period. F.N.B. accounts for 2.9% of Hamlin Capital Management LLC’s portfolio, making the stock its 15th largest position. Hamlin Capital Management LLC’s holdings in F.N.B. were worth $74,598,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of the stock. Deprince Race & Zollo Inc. increased its position in shares of F.N.B. by 12.3% in the third quarter. Deprince Race & Zollo Inc. now owns 4,517,587 shares of the bank’s stock worth $57,464,000 after acquiring an additional 495,729 shares in the last quarter. Bank of Montreal Can increased its position in shares of F.N.B. by 67.9% in the third quarter. Bank of Montreal Can now owns 56,238 shares of the bank’s stock worth $716,000 after acquiring an additional 22,751 shares in the last quarter. Lourd Capital LLC acquired a new stake in shares of F.N.B. in the third quarter worth $131,000. Advisors Asset Management Inc. increased its position in shares of F.N.B. by 166.8% in the second quarter. Advisors Asset Management Inc. now owns 15,828 shares of the bank’s stock worth $212,000 after acquiring an additional 9,895 shares in the last quarter. Finally, Nomura Holdings Inc. increased its position in shares of F.N.B. by 238.8% in the second quarter. Nomura Holdings Inc. now owns 38,540 shares of the bank’s stock worth $517,000 after acquiring an additional 27,166 shares in the last quarter. 80.89% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Frank C. Mencini acquired 2,000 shares of F.N.B. stock in a transaction on Monday, August 13th. The shares were purchased at an average cost of $13.07 per share, for a total transaction of $26,140.00. Following the purchase, the director now directly owns 32,681 shares of the company’s stock, valued at approximately $427,140.67. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.63% of the company’s stock.
Shares of FNB stock traded up $0.08 on Monday, hitting $11.99. The stock had a trading volume of 3,070,600 shares, compared to its average volume of 2,509,269. The company has a market capitalization of $4.12 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 1.22 and a beta of 0.92. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.14. F.N.B. Corp has a 52-week low of $11.58 and a 52-week high of $14.91.
F.N.B. (NYSE:FNB) last announced its earnings results on Tuesday, July 24th. The bank reported $0.27 earnings per share for the quarter, meeting the consensus estimate of $0.27. F.N.B. had a net margin of 19.91% and a return on equity of 7.70%. The business had revenue of $304.00 million during the quarter, compared to the consensus estimate of $305.86 million. During the same period in the prior year, the firm earned $0.23 earnings per share. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. Equities research analysts predict that F.N.B. Corp will post 1.1 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Saturday, September 15th. Shareholders of record on Tuesday, September 4th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, August 31st. This represents a $0.48 dividend on an annualized basis and a yield of 4.00%. F.N.B.’s dividend payout ratio (DPR) is 51.61%.
Several research firms have recently issued reports on FNB. Wells Fargo & Co set a $15.00 price objective on shares of F.N.B. and gave the stock a “buy” rating in a research report on Tuesday, October 2nd. ValuEngine lowered shares of F.N.B. from a “hold” rating to a “sell” rating in a research report on Tuesday, September 18th. Raymond James lowered shares of F.N.B. from a “strong-buy” rating to an “outperform” rating and set a $19.00 price objective for the company. in a research report on Wednesday, July 25th. Boenning Scattergood reissued a “buy” rating on shares of F.N.B. in a research report on Wednesday, July 25th. Finally, Zacks Investment Research lowered shares of F.N.B. from a “hold” rating to a “sell” rating in a research report on Friday, October 5th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $16.14.
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.
See Also: Google Finance Portfolio
Want to see what other hedge funds are holding FNB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for F.N.B. Corp (NYSE:FNB).
Receive News & Ratings for F.N.B. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F.N.B. and related companies with MarketBeat.com's FREE daily email newsletter.