Huntington National Bank lowered its holdings in F.N.B. Corp (NYSE:FNB) by 16.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 6,131 shares of the bank’s stock after selling 1,200 shares during the quarter. Huntington National Bank’s holdings in F.N.B. were worth $65,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Deutsche Bank AG lifted its holdings in F.N.B. by 58.3% in the 4th quarter. Deutsche Bank AG now owns 432,774 shares of the bank’s stock worth $4,256,000 after buying an additional 159,312 shares during the period. Geode Capital Management LLC lifted its holdings in F.N.B. by 7.6% in the 4th quarter. Geode Capital Management LLC now owns 3,383,528 shares of the bank’s stock worth $33,293,000 after buying an additional 238,969 shares during the period. Norges Bank purchased a new stake in F.N.B. in the 4th quarter worth approximately $33,720,000. Public Employees Retirement System of Ohio lifted its holdings in F.N.B. by 43.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 155,834 shares of the bank’s stock worth $1,533,000 after buying an additional 46,927 shares during the period. Finally, Context BH Capital Management LP lifted its holdings in F.N.B. by 58.1% in the 4th quarter. Context BH Capital Management LP now owns 1,145,138 shares of the bank’s stock worth $11,268,000 after buying an additional 420,756 shares during the period. Institutional investors and hedge funds own 78.78% of the company’s stock.
Several equities research analysts have weighed in on the company. Zacks Investment Research upgraded F.N.B. from a “sell” rating to a “hold” rating in a report on Friday, April 12th. TheStreet cut F.N.B. from a “b-” rating to a “c+” rating in a report on Friday, December 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $15.25.
FNB opened at $11.47 on Wednesday. The company has a market capitalization of $3.65 billion, a PE ratio of 10.15, a PEG ratio of 1.02 and a beta of 1.21. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.82 and a quick ratio of 0.81. F.N.B. Corp has a 52 week low of $9.35 and a 52 week high of $14.19.
F.N.B. (NYSE:FNB) last released its earnings results on Tuesday, January 22nd. The bank reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.02. The company had revenue of $300.67 million during the quarter, compared to analysts’ expectations of $303.18 million. F.N.B. had a return on equity of 8.42% and a net margin of 25.65%. During the same quarter last year, the business posted $0.24 EPS. As a group, research analysts expect that F.N.B. Corp will post 1.16 earnings per share for the current fiscal year.
In other news, Director William B. Campbell sold 2,900 shares of the firm’s stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $11.95, for a total value of $34,655.00. Following the completion of the transaction, the director now owns 82,240 shares in the company, valued at approximately $982,768. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mary Jo Dively bought 3,000 shares of the stock in a transaction dated Tuesday, February 5th. The stock was purchased at an average price of $11.81 per share, with a total value of $35,430.00. Following the purchase, the director now owns 17,900 shares in the company, valued at $211,399. The disclosure for this purchase can be found here. Company insiders own 0.59% of the company’s stock.
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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.
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