Raymond James Financial Services Advisors Inc. Has $1.42 Million Position in F.N.B. Corporation (FNB)
Raymond James Financial Services Advisors Inc. lifted its stake in shares of F.N.B. Corporation (NYSE:FNB) by 67.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 100,855 shares of the bank’s stock after buying an additional 40,637 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in F.N.B. were worth $1,415,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of F.N.B. by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 27,139,637 shares of the bank’s stock valued at $384,298,000 after buying an additional 781,511 shares during the period. State Street Corp raised its holdings in shares of F.N.B. by 3.2% during the 2nd quarter. State Street Corp now owns 18,107,627 shares of the bank’s stock valued at $256,409,000 after buying an additional 555,996 shares during the period. Neuberger Berman Group LLC raised its holdings in shares of F.N.B. by 16.6% during the 2nd quarter. Neuberger Berman Group LLC now owns 11,400,820 shares of the bank’s stock valued at $161,436,000 after buying an additional 1,620,392 shares during the period. FMR LLC raised its holdings in shares of F.N.B. by 15.5% during the 2nd quarter. FMR LLC now owns 9,337,204 shares of the bank’s stock valued at $132,214,000 after buying an additional 1,253,800 shares during the period. Finally, Hamlin Capital Management LLC increased its holdings in F.N.B. by 23.2% during the 3rd quarter. Hamlin Capital Management LLC now owns 5,691,678 shares of the bank’s stock worth $79,854,000 after purchasing an additional 1,071,738 shares during the last quarter. Institutional investors and hedge funds own 76.03% of the company’s stock.
In other news, insider Robert M. Moorehead purchased 5,000 shares of the stock in a transaction dated Friday, November 3rd. The stock was acquired at an average cost of $13.46 per share, for a total transaction of $67,300.00. Following the acquisition, the insider now owns 25,312 shares of the company’s stock, valued at $340,699.52. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Frank C. Mencini purchased 2,000 shares of the stock in a transaction dated Wednesday, November 8th. The stock was purchased at an average price of $12.93 per share, with a total value of $25,860.00. The disclosure for this purchase can be found here. Insiders bought a total of 8,500 shares of company stock valued at $113,350 over the last quarter. Company insiders own 1.21% of the company’s stock.
F.N.B. Corporation (FNB) traded up $0.61 during mid-day trading on Thursday, reaching $14.47. The company’s stock had a trading volume of 4,294,500 shares, compared to its average volume of 2,810,744. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. F.N.B. Corporation has a 52 week low of $12.02 and a 52 week high of $16.43. The stock has a market cap of $4,481.08, a P/E ratio of 14.74, a PEG ratio of 1.58 and a beta of 0.94.
F.N.B. (NYSE:FNB) last issued its quarterly earnings results on Thursday, October 19th. The bank reported $0.24 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.24. F.N.B. had a return on equity of 6.81% and a net margin of 19.95%. The business had revenue of $291.38 million during the quarter, compared to the consensus estimate of $299.47 million. During the same period in the previous year, the business earned $0.24 EPS. equities research analysts anticipate that F.N.B. Corporation will post 0.92 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.32%. F.N.B.’s dividend payout ratio (DPR) is 62.34%.
Several research firms have issued reports on FNB. ValuEngine upgraded F.N.B. from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research upgraded F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. Keefe, Bruyette & Woods restated a “hold” rating and set a $15.00 price objective on shares of F.N.B. in a report on Tuesday, October 3rd. Royal Bank Of Canada restated a “hold” rating and set a $15.00 price objective on shares of F.N.B. in a report on Friday, October 20th. Finally, Jefferies Group restated a “buy” rating and set a $18.00 price objective on shares of F.N.B. in a report on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. F.N.B. has a consensus rating of “Buy” and an average target price of $17.39.
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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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