Quantitative Systematic Strategies LLC boosted its stake in F.N.B. Corp. (NYSE:FNB) by 26.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 14,875 shares of the company’s stock after buying an additional 3,111 shares during the period. Quantitative Systematic Strategies LLC’s holdings in F.N.B. Corp. were worth $183,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its stake in F.N.B. Corp. by 57.3% in the first quarter. State Street Corp now owns 9,440,981 shares of the company’s stock valued at $122,823,000 after buying an additional 3,440,810 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in F.N.B. Corp. by 46.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 6,322,966 shares of the company’s stock valued at $82,262,000 after buying an additional 1,996,847 shares during the period. Hamlin Capital Management LLC boosted its stake in F.N.B. Corp. by 8.4% in the second quarter. Hamlin Capital Management LLC now owns 2,390,004 shares of the company’s stock valued at $29,971,000 after buying an additional 185,496 shares during the period. Goldman Sachs Group Inc. boosted its stake in F.N.B. Corp. by 323.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,800,371 shares of the company’s stock valued at $23,423,000 after buying an additional 1,375,285 shares during the period. Finally, Geode Capital Management LLC boosted its stake in F.N.B. Corp. by 21.2% in the first quarter. Geode Capital Management LLC now owns 1,272,955 shares of the company’s stock valued at $16,561,000 after buying an additional 222,561 shares during the period. Institutional investors and hedge funds own 68.65% of the company’s stock.
Shares of F.N.B. Corp. (NYSE:FNB) traded down 1.14% during midday trading on Monday, reaching $12.16. 1,083,326 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $12.31 and its 200-day moving average is $12.62. The stock has a market cap of $2.53 billion, a PE ratio of 16.61 and a beta of 1.02. F.N.B. Corp. has a 12-month low of $11.16 and a 12-month high of $14.66.
F.N.B. Corp. (NYSE:FNB) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.02. F.N.B. Corp. had a return on equity of 7.60% and a net margin of 18.64%. During the same quarter in the prior year, the business earned $0.22 earnings per share. On average, equities analysts expect that F.N.B. Corp. will post $0.79 EPS for the current year.
Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. restated a “hold” rating on shares of F.N.B. Corp. in a research report on Saturday, July 9th. Zacks Investment Research raised shares of F.N.B. Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, June 28th. Jefferies Group reaffirmed a “buy” rating and set a $14.00 target price on shares of F.N.B. Corp. in a report on Thursday, July 7th. Finally, FBR & Co reduced their target price on shares of F.N.B. Corp. from $14.00 to $13.00 and set a “mkt perform” rating on the stock in a report on Friday, July 22nd. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. F.N.B. Corp. currently has a consensus rating of “Buy” and a consensus target price of $13.80.
In related news, CEO Vincent J. Delie, Jr. bought 5,000 shares of the stock in a transaction dated Friday, July 29th. The shares were purchased at an average price of $11.97 per share, with a total value of $59,850.00. Following the completion of the acquisition, the chief executive officer now owns 175,054 shares of the company’s stock, valued at $2,095,396.38. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert A. Hormell bought 3,000 shares of the stock in a transaction dated Monday, August 8th. The stock was bought at an average cost of $12.35 per share, for a total transaction of $37,050.00. Following the acquisition, the director now directly owns 54,217 shares of the company’s stock, valued at approximately $669,579.95. The disclosure for this purchase can be found here. 1.63% of the stock is currently owned by insiders.
F.N.B. Corp. 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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