F.N.B. Corp. (FNB) Sees Large Volume Increase
F.N.B. Corp. (NYSE:FNB) shares saw an uptick in trading volume on Friday . 2,649,703 shares traded hands during mid-day trading, an increase of 29% from the previous session’s volume of 2,060,903 shares.The stock last traded at $12.22 and had previously closed at $11.99.
Several brokerages have commented on FNB. FBR & Co dropped their price objective on F.N.B. Corp. from $14.00 to $13.00 and set a “mkt perform” rating on the stock in a report on Friday. JPMorgan Chase & Co. reissued a “hold” rating on shares of F.N.B. Corp. in a report on Saturday, July 9th. Zacks Investment Research lowered F.N.B. Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, April 19th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $14.00 price target on shares of F.N.B. Corp. in a research note on Thursday, July 7th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $13.80.
The firm has a 50-day moving average price of $12.78 and a 200-day moving average price of $12.70. The company has a market cap of $2.53 billion and a P/E ratio of 16.11.
F.N.B. Corp. (NYSE:FNB) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.02. During the same quarter in the previous year, the firm earned $0.22 earnings per share. On average, equities research analysts forecast that F.N.B. Corp. will post $0.85 EPS for the current fiscal year.
Other hedge funds recently bought and sold shares of the company. Victory Capital Management Inc. increased its stake in F.N.B. Corp. by 12.5% in the fourth quarter. Victory Capital Management Inc. now owns 4,206,797 shares of the company’s stock valued at $56,118,000 after buying an additional 467,084 shares in the last quarter. California State Teachers Retirement System increased its stake in F.N.B. Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 323,703 shares of the company’s stock valued at $4,318,000 after buying an additional 4,947 shares in the last quarter. Pear Tree Advisors Inc. bought a new stake in F.N.B. Corp. during the fourth quarter valued at approximately $1,573,000. State of Tennessee Treasury Department bought a new stake in F.N.B. Corp. during the fourth quarter valued at approximately $1,809,000. Finally, First Trust Advisors LP increased its stake in F.N.B. Corp. by 128.0% in the fourth quarter. First Trust Advisors LP now owns 445,164 shares of the company’s stock valued at $5,938,000 after buying an additional 249,952 shares in the last quarter.
F.N.B. Corporation is a financial holding company. The Company has four business segments: Community Banking, Wealth Management, Insurance and Consumer Finance. The Company also operates other non-banking subsidiaries. The Company’s 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 instalment loans.
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