First Trust Advisors LP decreased its stake in shares of F.N.B. Corp (NYSE:FNB) by 9.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,133,857 shares of the bank’s stock after selling 115,486 shares during the quarter. First Trust Advisors LP owned about 0.35% of F.N.B. worth $8,504,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Citizens Financial Group Inc RI bought a new stake in shares of F.N.B. in the 1st quarter worth $30,000. Ellevest Inc. increased its holdings in shares of F.N.B. by 455.3% in the 2nd quarter. Ellevest Inc. now owns 5,986 shares of the bank’s stock worth $45,000 after purchasing an additional 4,908 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of F.N.B. by 487.2% in the 1st quarter. Parallel Advisors LLC now owns 8,603 shares of the bank’s stock worth $63,000 after purchasing an additional 7,138 shares in the last quarter. Cetera Advisor Networks LLC bought a new stake in shares of F.N.B. in the 1st quarter worth $79,000. Finally, Boenning & Scattergood Inc. bought a new stake in shares of F.N.B. in the 2nd quarter worth $80,000. Institutional investors and hedge funds own 72.08% of the company’s stock.
In related news, CEO Vincent J. Delie, Jr. purchased 20,000 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was acquired at an average price of $6.50 per share, with a total value of $130,000.00. Following the completion of the acquisition, the chief executive officer now owns 567,821 shares of the company’s stock, valued at approximately $3,690,836.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have acquired 26,500 shares of company stock valued at $174,195 in the last three months. 0.59% of the stock is currently owned by corporate insiders.
F.N.B. (NYSE:FNB) last issued its quarterly earnings data on Thursday, July 16th. The bank reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.15. F.N.B. had a return on equity of 7.19% and a net margin of 21.82%. The company had revenue of $305.59 million during the quarter, compared to analyst estimates of $297.20 million. Analysts expect that F.N.B. Corp will post 0.88 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 6.48%. The ex-dividend date of this dividend is Thursday, September 3rd. F.N.B.’s dividend payout ratio is presently 40.68%.
FNB has been the subject of a number of research analyst reports. Zacks Investment Research raised F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, May 25th. DA Davidson reduced their target price on F.N.B. from $11.00 to $9.00 and set a “buy” rating for the company in a report on Friday, April 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $13.00.
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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