Zurcher Kantonalbank Zurich Cantonalbank raised its stake in F.N.B. Corporation (NYSE:FNB) by 14.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,082 shares of the bank’s stock after buying an additional 1,823 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in F.N.B. Corporation were worth $199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in FNB. Bank of Montreal Can lifted its position in shares of F.N.B. Corporation by 11.3% in the 1st quarter. Bank of Montreal Can now owns 23,403 shares of the bank’s stock worth $349,000 after purchasing an additional 2,377 shares during the period. Capstone Asset Management Co. lifted its position in shares of F.N.B. Corporation by 7.0% in the 1st quarter. Capstone Asset Management Co. now owns 13,999 shares of the bank’s stock worth $208,000 after purchasing an additional 920 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of F.N.B. Corporation by 27.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 26,931 shares of the bank’s stock worth $400,000 after purchasing an additional 5,783 shares during the period. Strs Ohio lifted its position in shares of F.N.B. Corporation by 101.4% in the 1st quarter. Strs Ohio now owns 56,000 shares of the bank’s stock worth $832,000 after purchasing an additional 28,200 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its position in shares of F.N.B. Corporation by 2.1% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 73,094 shares of the bank’s stock worth $1,087,000 after purchasing an additional 1,500 shares during the period. 76.43% of the stock is owned by institutional investors.

Several equities research analysts have recently weighed in on the stock. Jefferies Group LLC reaffirmed a “buy” rating and issued a $18.00 price target on shares of F.N.B. Corporation in a research report on Friday, August 11th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $15.00 price target on shares of F.N.B. Corporation in a research report on Friday, September 8th. BidaskClub raised shares of F.N.B. Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, June 9th. ValuEngine cut shares of F.N.B. Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research cut shares of F.N.B. Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $17.55.

Shares of F.N.B. Corporation (FNB) opened at 12.79 on Friday. F.N.B. Corporation has a 52-week low of $11.86 and a 52-week high of $16.43. The company’s 50-day moving average is $12.98 and its 200-day moving average is $14.01. The stock has a market cap of $4.11 billion, a PE ratio of 16.46 and a beta of 0.96.

F.N.B. Corporation (NYSE:FNB) last issued its quarterly earnings results on Thursday, July 20th. The bank reported $0.23 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.23. F.N.B. Corporation had a net margin of 19.43% and a return on equity of 6.97%. The company had revenue of $284.50 million during the quarter, compared to the consensus estimate of $294.39 million. During the same quarter in the previous year, the firm earned $0.22 earnings per share. The firm’s quarterly revenue was up 24.8% on a year-over-year basis. Equities analysts anticipate that F.N.B. Corporation will post $0.95 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.48 dividend on an annualized basis and a yield of 3.75%. F.N.B. Corporation’s dividend payout ratio is currently 61.54%.

In related news, insider Gary L. Guerrieri sold 7,000 shares of F.N.B. Corporation stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $13.19, for a total value of $92,330.00. Following the completion of the transaction, the insider now owns 38,407 shares in the company, valued at $506,588.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William B. Campbell sold 3,000 shares of F.N.B. Corporation stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $13.90, for a total transaction of $41,700.00. Following the completion of the transaction, the director now owns 84,370 shares of the company’s stock, valued at approximately $1,172,743. The disclosure for this sale can be found here. 1.21% of the stock is owned by insiders.

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F.N.B. Corporation 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.

Institutional Ownership by Quarter for F.N.B. Corporation (NYSE:FNB)

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