Minerva Advisors LLC Maintains Position in F.N.B. Corp. (FNB)
Minerva Advisors LLC held its stake in F.N.B. Corp. (NYSE:FNB) during the second quarter, Holdings Channel reports. The firm owned 96,546 shares of the company’s stock at the end of the second quarter. Minerva Advisors LLC’s holdings in F.N.B. Corp. were worth $1,211,000 as of its most recent filing with the SEC.
A number of other large investors have also recently added to or reduced their stakes in the company. Capstone Asset Management Co. increased its stake in F.N.B. Corp. by 1.1% in the second quarter. Capstone Asset Management Co. now owns 11,819 shares of the company’s stock worth $148,000 after buying an additional 130 shares during the period. Commonwealth Equity Services Inc increased its stake in F.N.B. Corp. by 7.8% in the first quarter. Commonwealth Equity Services Inc now owns 23,730 shares of the company’s stock worth $309,000 after buying an additional 1,720 shares during the period. Strs Ohio increased its stake in F.N.B. Corp. by 7.0% in the second quarter. Strs Ohio now owns 27,400 shares of the company’s stock worth $343,000 after buying an additional 1,800 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its stake in F.N.B. Corp. by 8.4% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 25,528 shares of the company’s stock worth $332,000 after buying an additional 1,975 shares during the period. Finally, Huntington National Bank increased its stake in F.N.B. Corp. by 10.7% in the second quarter. Huntington National Bank now owns 20,943 shares of the company’s stock worth $262,000 after buying an additional 2,021 shares during the period. 68.51% of the stock is currently owned by institutional investors and hedge funds.
F.N.B. Corp. (NYSE:FNB) traded down 0.48% on Friday, hitting $12.43. 969,929 shares of the stock were exchanged. The company has a 50-day moving average price of $12.29 and a 200 day moving average price of $12.66. The company has a market capitalization of $2.59 billion, a PE ratio of 16.98 and a beta of 1.02. F.N.B. Corp. has a 1-year low of $11.16 and a 1-year high of $14.66.
F.N.B. Corp. (NYSE:FNB) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.02. F.N.B. Corp. had a net margin of 18.64% and a return on equity of 7.60%. During the same quarter in the prior year, the firm earned $0.22 earnings per share. Analysts anticipate that F.N.B. Corp. will post $0.79 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were issued a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.48 annualized dividend and a yield of 3.84%. F.N.B. Corp.’s dividend payout ratio is currently 64.86%.
A number of research firms have weighed in on FNB. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of F.N.B. Corp. in a report on Saturday, July 9th. Zacks Investment Research raised F.N.B. Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, June 28th. Jefferies Group reaffirmed a “buy” rating and set a $14.00 price objective on shares of F.N.B. Corp. in a report on Thursday, July 7th. Finally, FBR & Co decreased 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, July 22nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $13.80.
In related news, CEO Vincent J. Delie, Jr. purchased 5,000 shares of the stock in a transaction on Friday, July 29th. The shares were purchased at an average cost of $11.97 per share, with a total value of $59,850.00. Following the acquisition, the chief executive officer now directly owns 175,054 shares in the company, valued at $2,095,396.38. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Gary L. Guerrieri purchased 4,058 shares of the stock in a transaction on Thursday, August 11th. The stock was bought at an average cost of $12.32 per share, for a total transaction of $49,994.56. Following the completion of the acquisition, the insider now owns 54,622 shares in the company, valued at $672,943.04. The disclosure for this purchase can be found here. 1.63% of the stock is currently owned by company insiders.
F.N.B. Corp. Company Profile
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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