Cetera Advisor Networks LLC lowered its stake in shares of F.N.B. Corp (NYSE:FNB) by 48.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,788 shares of the bank’s stock after selling 12,050 shares during the quarter. Cetera Advisor Networks LLC’s holdings in F.N.B. were worth $179,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in FNB. JPMorgan Chase & Co. grew its position in shares of F.N.B. by 5,740.8% during the second quarter. JPMorgan Chase & Co. now owns 2,778,289 shares of the bank’s stock worth $39,341,000 after buying an additional 2,730,722 shares in the last quarter. Neuberger Berman Group LLC grew its position in shares of F.N.B. by 16.6% during the second quarter. Neuberger Berman Group LLC now owns 11,400,820 shares of the bank’s stock worth $161,436,000 after buying an additional 1,620,392 shares in the last quarter. Royal Bank of Canada grew its position in shares of F.N.B. by 1,517.2% during the second quarter. Royal Bank of Canada now owns 1,704,634 shares of the bank’s stock worth $24,137,000 after buying an additional 1,599,230 shares in the last quarter. Citadel Advisors LLC lifted its stake in F.N.B. by 583.6% during the third quarter. Citadel Advisors LLC now owns 1,858,469 shares of the bank’s stock worth $26,075,000 after purchasing an additional 1,586,590 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in F.N.B. by 55.0% during the second quarter. Goldman Sachs Group Inc. now owns 4,018,685 shares of the bank’s stock worth $56,904,000 after purchasing an additional 1,425,861 shares during the last quarter. 76.02% of the stock is owned by institutional investors and hedge funds.
F.N.B. Corp (FNB) opened at $13.88 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $4,487.54, a price-to-earnings ratio of 14.77, a P/E/G ratio of 1.58 and a beta of 0.96. F.N.B. Corp has a one year low of $12.02 and a one year high of $16.35.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date was Thursday, November 30th. F.N.B.’s payout ratio is 62.34%.
Several equities analysts recently issued reports on FNB shares. Zacks Investment Research upgraded F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. Royal Bank of Canada restated a “hold” rating and set a $15.00 price objective on shares of F.N.B. in a research note on Friday, October 20th. ValuEngine cut F.N.B. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Stephens started coverage on F.N.B. in a research note on Wednesday. They set an “equal weight” rating on the stock. Finally, Boenning Scattergood upgraded F.N.B. from a “neutral” rating to an “outperform” rating in a research note on Monday, August 28th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. F.N.B. currently has a consensus rating of “Buy” and a consensus target price of $17.39.
In related news, Director Frank C. Mencini bought 2,000 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were bought at an average cost of $12.93 per share, for a total transaction of $25,860.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert M. Moorehead bought 5,000 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was bought at an average price of $13.46 per share, for a total transaction of $67,300.00. Following the completion of the purchase, the insider now directly owns 25,312 shares of the company’s stock, valued at approximately $340,699.52. The disclosure for this purchase can be found here. Insiders acquired 8,500 shares of company stock worth $113,350 over the last quarter. 1.21% of the stock is currently owned by company insiders.
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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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