Rothschild & Co. Asset Management US Inc. reduced its holdings in F.N.B. Corp (NYSE:FNB) by 1.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,172,669 shares of the bank’s stock after selling 42,771 shares during the period. Rothschild & Co. Asset Management US Inc.’s holdings in F.N.B. were worth $27,636,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in FNB. Victory Capital Management Inc. grew its holdings in shares of F.N.B. by 433.2% during the 2nd quarter. Victory Capital Management Inc. now owns 4,088,768 shares of the bank’s stock worth $54,871,000 after purchasing an additional 3,321,888 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in shares of F.N.B. during the 2nd quarter worth approximately $39,646,000. Bank of America Corp DE grew its holdings in shares of F.N.B. by 112.2% during the 2nd quarter. Bank of America Corp DE now owns 4,502,217 shares of the bank’s stock worth $60,419,000 after purchasing an additional 2,380,341 shares in the last quarter. Chevy Chase Trust Holdings Inc. acquired a new stake in shares of F.N.B. during the 2nd quarter worth approximately $26,563,000. Finally, Glenmede Trust Co. NA grew its holdings in shares of F.N.B. by 45.5% during the 2nd quarter. Glenmede Trust Co. NA now owns 6,274,483 shares of the bank’s stock worth $84,203,000 after purchasing an additional 1,962,895 shares in the last quarter. 78.73% of the stock is currently owned by institutional investors.
In other news, insider Barry C. Robinson acquired 2,500 shares of F.N.B. stock in a transaction dated Monday, November 5th. The stock was bought at an average cost of $12.09 per share, with a total value of $30,225.00. Following the completion of the transaction, the insider now directly owns 39,052 shares of the company’s stock, valued at $472,138.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mary Jo Dively acquired 3,000 shares of F.N.B. stock in a transaction dated Monday, November 12th. The shares were purchased at an average cost of $12.24 per share, with a total value of $36,720.00. Following the completion of the transaction, the director now directly owns 11,900 shares of the company’s stock, valued at $145,656. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 22,500 shares of company stock valued at $257,895. Insiders own 0.63% of the company’s stock.
FNB stock opened at $12.21 on Monday. The firm has a market cap of $3.93 billion, a PE ratio of 13.13, a PEG ratio of 1.15 and a beta of 0.92. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.14. F.N.B. Corp has a twelve month low of $11.03 and a twelve month high of $14.91.
F.N.B. (NYSE:FNB) last released its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The business had revenue of $309.60 million during the quarter, compared to the consensus estimate of $313.18 million. F.N.B. had a return on equity of 8.03% and a net margin of 20.94%. The firm’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.24 earnings per share. On average, equities research analysts predict that F.N.B. Corp will post 1.11 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 15th. Shareholders of record on Monday, December 3rd will be paid a $0.12 dividend. The ex-dividend date is Friday, November 30th. This represents a $0.48 dividend on an annualized basis and a yield of 3.93%. F.N.B.’s payout ratio is 51.61%.
Several analysts recently commented on FNB shares. Wells Fargo & Co set a $15.00 price target on F.N.B. and gave the company a “buy” rating in a research note on Tuesday, October 2nd. ValuEngine raised F.N.B. from a “sell” rating to a “hold” rating in a research note on Tuesday, September 4th. Finally, Zacks Investment Research lowered F.N.B. from a “hold” rating to a “sell” rating in a research note on Friday, October 5th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $16.33.
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: Rule of 72
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.