California State Teachers Retirement System cut its holdings in shares of F.N.B. Corp (NYSE:FNB) by 2.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 510,753 shares of the bank’s stock after selling 11,288 shares during the period. California State Teachers Retirement System’s holdings in F.N.B. were worth $5,414,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Vanguard Group Inc raised its stake in F.N.B. by 1.7% in the third quarter. Vanguard Group Inc now owns 29,783,874 shares of the bank’s stock worth $378,851,000 after buying an additional 488,170 shares in the last quarter. Strs Ohio boosted its holdings in F.N.B. by 11.6% in the fourth quarter. Strs Ohio now owns 40,053 shares of the bank’s stock valued at $394,000 after purchasing an additional 4,178 shares during the last quarter. Xact Kapitalforvaltning AB boosted its stake in shares of F.N.B. by 29.7% during the 4th quarter. Xact Kapitalforvaltning AB now owns 61,531 shares of the bank’s stock worth $605,000 after acquiring an additional 14,100 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of F.N.B. by 32.3% during the 4th quarter. Advisors Asset Management Inc. now owns 31,866 shares of the bank’s stock worth $314,000 after purchasing an additional 7,785 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of F.N.B. by 51.6% during the 4th quarter. Rhumbline Advisers now owns 823,138 shares of the bank’s stock worth $8,100,000 after purchasing an additional 280,000 shares during the last quarter. Hedge funds and other institutional investors own 76.08% of the company’s stock.
In related news, Director Mary Jo Dively purchased 4,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were purchased at an average cost of $12.36 per share, for a total transaction of $49,440.00. Following the purchase, the director now directly owns 21,900 shares of the company’s stock, valued at $270,684. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.59% of the stock is owned by company insiders.
Shares of FNB stock opened at $11.50 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.82. F.N.B. Corp has a 52 week low of $9.35 and a 52 week high of $14.16. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 10.06, a price-to-earnings-growth ratio of 1.04 and a beta of 1.26.
F.N.B. (NYSE:FNB) last released its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.02. The business had revenue of $296.00 million during the quarter, compared to analysts’ expectations of $298.73 million. F.N.B. had a net margin of 25.54% and a return on equity of 8.50%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the company earned $0.26 EPS. As a group, equities analysts forecast that F.N.B. Corp will post 1.17 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Friday, May 31st will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, May 30th. This represents a $0.48 annualized dividend and a yield of 4.17%. F.N.B.’s dividend payout ratio is currently 42.48%.
FNB has been the subject of a number of recent research reports. Boenning Scattergood reiterated a “buy” rating and issued a $13.00 price objective on shares of F.N.B. in a report on Thursday, April 25th. Zacks Investment Research raised shares of F.N.B. from a “sell” rating to a “hold” rating in a research report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $14.75.
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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 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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