Amalgamated Bank raised its position in FNB Co. (NYSE:FNB) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,933 shares of the bank’s stock after acquiring an additional 3,655 shares during the quarter. Amalgamated Bank’s holdings in FNB were worth $897,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of FNB in the 4th quarter valued at about $118,284,000. Vaughan Nelson Investment Management L.P. purchased a new position in shares of FNB in the 4th quarter valued at about $42,816,000. Citadel Advisors LLC boosted its stake in shares of FNB by 583.6% in the 3rd quarter. Citadel Advisors LLC now owns 1,858,469 shares of the bank’s stock valued at $26,075,000 after buying an additional 1,586,590 shares during the period. Rothschild Asset Management Inc. boosted its stake in shares of FNB by 61.2% in the 3rd quarter. Rothschild Asset Management Inc. now owns 2,180,515 shares of the bank’s stock valued at $30,593,000 after buying an additional 828,052 shares during the period. Finally, Polaris Capital Management LLC boosted its stake in shares of FNB by 646.5% in the 4th quarter. Polaris Capital Management LLC now owns 879,992 shares of the bank’s stock valued at $38,130,000 after buying an additional 762,112 shares during the period. 79.02% of the stock is owned by institutional investors.
FNB stock traded down $0.39 during trading on Friday, hitting $13.17. 1,996,874 shares of the company’s stock were exchanged, compared to its average volume of 3,248,030. The stock has a market cap of $4,386.98, a price-to-earnings ratio of 14.16, a PEG ratio of 1.26 and a beta of 0.88. FNB Co. has a 52-week low of $12.02 and a 52-week high of $15.00. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.16.
FNB (NYSE:FNB) last posted its earnings results on Tuesday, January 23rd. The bank reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $295.14 million during the quarter, compared to analysts’ expectations of $295.89 million. FNB had a return on equity of 6.69% and a net margin of 16.00%. During the same quarter in the previous year, the business earned $0.24 earnings per share. sell-side analysts anticipate that FNB Co. will post 1.14 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Monday, March 5th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend was Friday, March 2nd. FNB’s payout ratio is 51.61%.
In other news, Director Frank C. Mencini acquired 2,000 shares of FNB stock in a transaction on Monday, February 12th. The stock was bought at an average price of $13.81 per share, for a total transaction of $27,620.00. Following the completion of the purchase, the director now owns 24,611 shares in the company, valued at $339,877.91. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Pamela A. Bena acquired 2,750 shares of FNB stock in a transaction on Monday, February 5th. The stock was purchased at an average price of $14.15 per share, with a total value of $38,912.50. Following the purchase, the director now owns 3,850 shares of the company’s stock, valued at approximately $54,477.50. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 6,250 shares of company stock valued at $86,633. 1.21% of the stock is owned by company insiders.
Several brokerages have recently issued reports on FNB. Zacks Investment Research upgraded FNB from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Friday. ValuEngine cut FNB from a “buy” rating to a “hold” rating in a research note on Friday, March 23rd. Jefferies Group reiterated a “buy” rating and issued a $17.00 price objective on shares of FNB in a research note on Thursday, January 25th. Boenning Scattergood began coverage on FNB in a research note on Tuesday, January 23rd. They issued a “buy” rating for the company. Finally, SunTrust Banks reiterated a “buy” rating and issued a $17.00 price objective on shares of FNB in a research note on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. FNB presently has a consensus rating of “Buy” and a consensus price target of $16.89.
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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 four segments: Community Banking, Wealth Management, Insurance, and Consumer Finance. 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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