Peregrine Capital Management LLC lifted its holdings in shares of F.N.B. Corporation (NYSE:FNB) by 2.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 713,588 shares of the bank’s stock after acquiring an additional 14,514 shares during the quarter. Peregrine Capital Management LLC owned 0.22% of F.N.B. Corporation worth $10,012,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Ffcm LLC purchased a new stake in shares of F.N.B. Corporation during the second quarter valued at approximately $114,000. Stifel Financial Corp grew its holdings in F.N.B. Corporation by 1.9% during the second quarter. Stifel Financial Corp now owns 10,609 shares of the bank’s stock valued at $150,000 after purchasing an additional 202 shares during the period. Park National Corp OH bought a new position in F.N.B. Corporation during the third quarter valued at $162,000. Jane Street Group LLC bought a new position in F.N.B. Corporation during the first quarter valued at $169,000. Finally, Round Table Services LLC bought a new position in F.N.B. Corporation during the second quarter valued at $172,000. 76.97% of the stock is owned by institutional investors.
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In related news, Director Frank C. Mencini acquired 2,500 shares of F.N.B. Corporation stock in a transaction dated Tuesday, August 8th. The stock was purchased at an average cost of $13.57 per share, for a total transaction of $33,925.00. Following the purchase, the director now directly owns 19,977 shares of the company’s stock, valued at approximately $271,087.89. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gary L. Guerrieri sold 7,000 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $13.19, for a total value of $92,330.00. Following the completion of the sale, the insider now owns 38,407 shares of the company’s stock, valued at $506,588.33. The disclosure for this sale can be found here. Corporate insiders own 1.21% of the company’s stock.
F.N.B. Corporation (NYSE:FNB) last posted its quarterly earnings data on Thursday, October 19th. The bank reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $291.38 million during the quarter, compared to analyst estimates of $299.47 million. F.N.B. Corporation had a return on equity of 6.81% and a net margin of 19.95%. During the same period in the prior year, the business posted $0.24 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.48 annualized dividend and a dividend yield of 3.56%. F.N.B. Corporation’s dividend payout ratio (DPR) is 62.34%.
Several brokerages have weighed in on FNB. ValuEngine raised F.N.B. Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Jefferies Group LLC reissued a “buy” rating and set a $18.00 price objective on shares of F.N.B. Corporation in a report on Friday, July 14th. Zacks Investment Research raised F.N.B. Corporation from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $15.00 price objective on shares of F.N.B. Corporation in a report on Tuesday, October 3rd. Finally, Boenning Scattergood reissued a “hold” rating on shares of F.N.B. Corporation in a report on Friday, July 21st. Two analysts have rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $17.39.
F.N.B. Corporation 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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