Comerica Bank grew its position in F.N.B. Corp (NYSE:FNB) by 2.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,251,973 shares of the bank’s stock after acquiring an additional 27,741 shares during the period. Comerica Bank owned about 0.39% of F.N.B. worth $14,272,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the business. BlackRock Inc. raised its position in shares of F.N.B. by 1.8% in the second quarter. BlackRock Inc. now owns 34,906,791 shares of the bank’s stock worth $468,448,000 after acquiring an additional 610,911 shares during the period. FMR LLC raised its position in shares of F.N.B. by 7.2% in the second quarter. FMR LLC now owns 16,787,190 shares of the bank’s stock worth $225,284,000 after acquiring an additional 1,125,120 shares during the period. Glenmede Trust Co. NA raised its position in shares of F.N.B. by 45.5% in the second quarter. Glenmede Trust Co. NA now owns 6,274,483 shares of the bank’s stock worth $84,203,000 after acquiring an additional 1,962,895 shares during the period. Segall Bryant & Hamill LLC raised its position in shares of F.N.B. by 64.7% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 4,541,608 shares of the bank’s stock worth $60,948,000 after purchasing an additional 1,783,871 shares during the last quarter. Finally, Deprince Race & Zollo Inc. raised its position in shares of F.N.B. by 12.3% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 4,517,587 shares of the bank’s stock worth $57,464,000 after purchasing an additional 495,729 shares during the last quarter. Institutional investors and hedge funds own 80.34% of the company’s stock.
FNB has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of F.N.B. from a “hold” rating to a “sell” rating in a research report on Monday, July 30th. ValuEngine upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. Raymond James downgraded shares of F.N.B. from a “strong-buy” rating to an “outperform” rating and set a $19.00 price target for the company. in a research report on Wednesday, July 25th. Boenning Scattergood restated a “buy” rating on shares of F.N.B. in a research report on Wednesday, July 25th. Finally, Wells Fargo & Co set a $15.00 price target on shares of F.N.B. and gave the stock a “buy” rating in a research report on Tuesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $16.33.
FNB opened at $12.29 on Wednesday. F.N.B. Corp has a twelve month low of $11.03 and a twelve month high of $14.91. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market cap of $3.92 billion, a P/E ratio of 11.41, a P/E/G ratio of 1.15 and a beta of 0.92.
F.N.B. (NYSE:FNB) last released its quarterly earnings results on Tuesday, October 23rd. The bank reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. F.N.B. had a net margin of 20.94% and a return on equity of 8.03%. The firm had revenue of $309.60 million during the quarter, compared to the consensus estimate of $313.18 million. During the same quarter in the prior year, the firm earned $0.24 EPS. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, sell-side analysts expect that F.N.B. Corp will post 1.1 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, December 15th. Investors of record on Monday, December 3rd will be given a dividend of $0.12 per share. The ex-dividend date is Friday, November 30th. This represents a $0.48 annualized dividend and a dividend yield of 3.91%. F.N.B.’s dividend payout ratio (DPR) is presently 51.61%.
In other F.N.B. news, Director Frank C. Mencini acquired 2,000 shares of the business’s stock in a transaction on Monday, August 13th. The stock was bought at an average price of $13.07 per share, for a total transaction of $26,140.00. Following the acquisition, the director now owns 32,681 shares in the company, valued at $427,140.67. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Barry C. Robinson acquired 2,500 shares of the business’s stock in a transaction on Monday, November 5th. The stock was acquired at an average price of $12.09 per share, with a total value of $30,225.00. Following the acquisition, the insider now owns 39,052 shares in the company, valued at approximately $472,138.68. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 21,500 shares of company stock valued at $247,315. Insiders own 0.63% of the company’s stock.
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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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