Renaissance Technologies LLC boosted its holdings in F.N.B. Corp (NYSE:FNB) by 64.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,067,328 shares of the bank’s stock after buying an additional 1,205,501 shares during the quarter. Renaissance Technologies LLC owned 0.94% of F.N.B. worth $36,102,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Dimensional Fund Advisors LP grew its position in F.N.B. by 18.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,323,089 shares of the bank’s stock worth $91,739,000 after buying an additional 1,481,237 shares during the last quarter. Geode Capital Management LLC grew its position in F.N.B. by 7.6% in the fourth quarter. Geode Capital Management LLC now owns 3,383,528 shares of the bank’s stock worth $33,293,000 after buying an additional 238,969 shares during the last quarter. Hamlin Capital Management LLC grew its position in F.N.B. by 1.5% in the second quarter. Hamlin Capital Management LLC now owns 2,905,460 shares of the bank’s stock worth $34,197,000 after buying an additional 42,692 shares during the last quarter. Prudential Financial Inc. grew its position in F.N.B. by 0.4% in the second quarter. Prudential Financial Inc. now owns 2,751,374 shares of the bank’s stock worth $32,384,000 after buying an additional 11,610 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in F.N.B. by 2.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,538,560 shares of the bank’s stock worth $29,879,000 after buying an additional 57,567 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.
In related news, Director David L. Motley purchased 2,500 shares of F.N.B. stock in a transaction dated Friday, August 9th. The stock was purchased at an average cost of $11.12 per share, for a total transaction of $27,800.00. Following the completion of the acquisition, the director now directly owns 36,320 shares of the company’s stock, valued at $403,878.40. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James D. Chiafullo purchased 3,000 shares of F.N.B. stock in a transaction dated Monday, August 12th. The shares were bought at an average price of $10.85 per share, with a total value of $32,550.00. Following the completion of the acquisition, the director now directly owns 66,847 shares of the company’s stock, valued at $725,289.95. The disclosure for this purchase can be found here. Insiders have acquired 6,000 shares of company stock valued at $66,460 in the last three months. Insiders own 0.59% of the company’s stock.
F.N.B. (NYSE:FNB) last posted its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.29 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.29. The business had revenue of $305.25 million during the quarter, compared to the consensus estimate of $305.58 million. F.N.B. had a net margin of 25.79% and a return on equity of 8.55%. During the same period in the previous year, the firm posted $0.27 earnings per share. Equities research analysts predict that F.N.B. Corp will post 1.16 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, September 15th. Shareholders of record on Wednesday, September 4th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend is Tuesday, September 3rd. F.N.B.’s dividend payout ratio is currently 42.48%.
Separately, Zacks Investment Research upgraded shares of F.N.B. from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Friday, June 21st. One research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $13.67.
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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