Virtu KCG Holdings LLC grew its stake in F.N.B. Corporation (NYSE:FNB) by 19.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,416 shares of the bank’s stock after acquiring an additional 7,139 shares during the quarter. Virtu KCG Holdings LLC’s holdings in F.N.B. Corporation were worth $615,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of FNB. Ffcm LLC acquired a new stake in shares of F.N.B. Corporation in the 2nd quarter worth $114,000. Jane Street Group LLC acquired a new stake in shares of F.N.B. Corporation in the 1st quarter worth $169,000. Round Table Services LLC acquired a new stake in shares of F.N.B. Corporation in the 2nd quarter worth $172,000. Raymond James Trust N.A. increased its stake in shares of F.N.B. Corporation by 20.4% in the 2nd quarter. Raymond James Trust N.A. now owns 12,859 shares of the bank’s stock worth $182,000 after acquiring an additional 2,181 shares during the last quarter. Finally, Oakbrook Investments LLC acquired a new stake in shares of F.N.B. Corporation in the 2nd quarter worth $195,000. 76.41% of the stock is owned by institutional investors and hedge funds.
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Shares of F.N.B. Corporation (NYSE FNB) opened at 14.01 on Friday. The company’s 50 day moving average price is $13.10 and its 200-day moving average price is $13.79. F.N.B. Corporation has a 12 month low of $12.02 and a 12 month high of $16.43. The firm has a market capitalization of $4.50 billion, a P/E ratio of 18.03 and a beta of 0.97.
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 the Thomson Reuters’ consensus estimate of $0.23. F.N.B. Corporation had a return on equity of 6.97% and a net margin of 19.43%. The business had revenue of $284.50 million for the quarter, compared to the consensus estimate of $294.39 million. During the same period in the prior year, the business earned $0.22 earnings per share. The business’s revenue was up 24.8% on a year-over-year basis. On average, equities analysts predict that F.N.B. Corporation will post $0.95 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a $0.12 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.48 annualized dividend and a dividend yield of 3.43%. F.N.B. Corporation’s dividend payout ratio is currently 61.54%.
A number of analysts have issued reports on the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a $18.00 target price on shares of F.N.B. Corporation in a research note on Friday, August 11th. ValuEngine raised F.N.B. Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $15.00 target price on shares of F.N.B. Corporation in a research note on Tuesday, October 3rd. Zacks Investment Research raised F.N.B. Corporation from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, BidaskClub downgraded F.N.B. Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $17.39.
In related news, Director Frank C. Mencini acquired 2,500 shares of F.N.B. Corporation stock in a transaction dated Tuesday, August 8th. The shares were acquired at an average cost of $13.57 per share, for a total transaction of $33,925.00. Following the completion of the transaction, the director now directly owns 19,977 shares of the company’s stock, valued at $271,087.89. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gary L. Guerrieri sold 7,000 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $13.19, for a total value of $92,330.00. Following the completion of the sale, the insider now owns 38,407 shares in the company, valued at $506,588.33. The disclosure for this sale can be found here. 1.21% of the stock is owned by corporate insiders.
F.N.B. Corporation Company Profile
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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