Teachers Advisors LLC decreased its position in shares of F.N.B. Corporation (NYSE:FNB) by 64.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 542,108 shares of the bank’s stock after selling 1,002,519 shares during the period. Teachers Advisors LLC owned about 0.23% of F.N.B. Corporation worth $8,061,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Wellington Management Group LLP acquired a new position in shares of F.N.B. Corporation during the first quarter worth about $96,046,000. FMR LLC boosted its position in shares of F.N.B. Corporation by 35.7% in the first quarter. FMR LLC now owns 8,083,404 shares of the bank’s stock valued at $120,201,000 after buying an additional 2,127,104 shares during the period. Bank of New York Mellon Corp boosted its position in shares of F.N.B. Corporation by 53.0% in the first quarter. Bank of New York Mellon Corp now owns 4,098,291 shares of the bank’s stock valued at $60,941,000 after buying an additional 1,420,494 shares during the period. William Blair Investment Management LLC purchased a new position in shares of F.N.B. Corporation during the first quarter valued at about $20,937,000. Finally, First Trust Advisors LP boosted its position in shares of F.N.B. Corporation by 258.5% in the first quarter. First Trust Advisors LP now owns 1,580,371 shares of the bank’s stock valued at $23,500,000 after buying an additional 1,139,513 shares during the period. 75.89% of the stock is currently owned by hedge funds and other institutional investors.
F.N.B. Corporation (NYSE:FNB) traded up 0.22% on Tuesday, hitting $13.49. 1,642,388 shares of the stock were exchanged. The firm has a market cap of $4.44 billion, a PE ratio of 17.34 and a beta of 0.94. The stock’s 50 day moving average price is $13.91 and its 200 day moving average price is $14.50. F.N.B. Corporation has a 52-week low of $11.86 and a 52-week high of $16.43.
F.N.B. Corporation (NYSE:FNB) last issued its earnings results on Thursday, July 20th. The bank reported $0.23 EPS for the quarter, hitting the 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 company had revenue of $284.50 million during the quarter, compared to analyst estimates of $294.39 million. During the same quarter last year, the firm earned $0.22 EPS. The business’s revenue was up 24.8% on a year-over-year basis. Equities research analysts forecast that F.N.B. Corporation will post $0.95 earnings per share for the current year.
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Several research firms have recently weighed in on FNB. FBR & Co reissued a “buy” rating and set a $19.00 price objective on shares of F.N.B. Corporation in a report on Wednesday, April 26th. J P Morgan Chase & Co upgraded shares of F.N.B. Corporation from a “neutral” rating to an “overweight” rating and set a $17.50 target price for the company in a research report on Tuesday, May 23rd. BidaskClub lowered shares of F.N.B. Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Zacks Investment Research upgraded shares of F.N.B. Corporation from a “sell” rating to a “hold” rating in a research report on Monday, May 8th. Finally, Raymond James Financial, Inc. initiated coverage on shares of F.N.B. Corporation in a research report on Tuesday, June 13th. They issued a “strong-buy” rating and a $19.00 price target for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. F.N.B. Corporation has an average rating of “Buy” and a consensus price target of $17.75.
In related news, insider Gary L. Guerrieri sold 19,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $14.17, for a total transaction of $269,230.00. Following the completion of the transaction, the insider now owns 55,707 shares in the company, valued at approximately $789,368.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William B. Campbell sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $13.90, for a total value of $41,700.00. Following the transaction, the director now owns 84,370 shares of the company’s stock, valued at approximately $1,172,743. The disclosure for this sale can be found here. Insiders own 1.21% of the company’s stock.
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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