LSV Asset Management Has $24.86 Million Holdings in F.N.B. Corp (FNB)
LSV Asset Management grew its position in F.N.B. Corp (NYSE:FNB) by 2.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,954,100 shares of the bank’s stock after acquiring an additional 52,000 shares during the period. LSV Asset Management owned about 0.60% of F.N.B. worth $24,856,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in FNB. Qube Research & Technologies Ltd acquired a new position in shares of F.N.B. during the 2nd quarter worth about $124,000. Lourd Capital LLC acquired a new stake in F.N.B. in the 3rd quarter valued at about $131,000. ING Groep NV acquired a new stake in F.N.B. in the 2nd quarter valued at about $136,000. First Allied Advisory Services Inc. acquired a new stake in F.N.B. in the 2nd quarter valued at about $155,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in F.N.B. in the 3rd quarter valued at about $185,000. Hedge funds and other institutional investors own 78.73% of the company’s stock.
F.N.B. stock opened at $12.12 on Monday. F.N.B. Corp has a 1-year low of $11.03 and a 1-year 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 company has a market capitalization of $3.93 billion, a PE ratio of 13.03, a PEG ratio of 1.16 and a beta of 0.92.
The company also recently declared a quarterly dividend, which will be paid on Saturday, December 15th. Stockholders of record on Monday, December 3rd will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 30th. This represents a $0.48 annualized dividend and a dividend yield of 3.96%. F.N.B.’s dividend payout ratio (DPR) is 51.61%.
A number of research firms have commented on FNB. ValuEngine upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a 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 objective for the company. in a report on Wednesday, July 25th. Boenning Scattergood reiterated a “buy” rating on shares of F.N.B. in a report on Wednesday, July 25th. Zacks Investment Research downgraded shares of F.N.B. from a “hold” rating to a “sell” rating in a report on Monday, July 30th. Finally, Wells Fargo & Co set a $15.00 price objective on shares of F.N.B. and gave the company a “buy” rating in a report on Tuesday, October 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. F.N.B. currently has an average rating of “Hold” and an average price target of $16.33.
In related news, Chairman Vincent J. Delie, Jr. acquired 6,500 shares of the stock in a transaction that occurred on Friday, October 26th. The stock was purchased at an average price of $11.21 per share, with a total value of $72,865.00. Following the transaction, the chairman now owns 262,829 shares of the company’s stock, valued at approximately $2,946,313.09. The acquisition 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 stock in a transaction that occurred on Friday, October 26th. The shares were bought at an average cost of $11.21 per share, with a total value of $28,025.00. Following the transaction, the insider now directly owns 36,552 shares in the company, valued at approximately $409,747.92. The disclosure for this purchase can be found here. In the last three months, insiders bought 22,500 shares of company stock valued at $257,895. Corporate insiders own 0.63% of the company’s stock.
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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