California State Teachers Retirement System Has $5.41 Million Stake in F.N.B. Corp (NYSE:FNB)

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.

COPYRIGHT VIOLATION WARNING: This story was first published by Transcript Daily and is the property of of Transcript Daily. If you are accessing this story on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this story can be accessed at https://transcriptdaily.com/2019/06/13/california-state-teachers-retirement-system-has-5-41-million-stake-in-f-n-b-corp-nysefnb.html.

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.

See Also: What is an overbought condition?

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).

Institutional Ownership by Quarter for F.N.B. (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.