F.N.B. Corporation (FNB) Director Acquires $20,190.00 in Stock
F.N.B. Corporation (NYSE:FNB) Director James D. Chiafullo acquired 1,500 shares of F.N.B. Corporation stock in a transaction dated Friday, November 3rd. The shares were acquired at an average price of $13.46 per share, with a total value of $20,190.00. Following the completion of the acquisition, the director now directly owns 46,220 shares of the company’s stock, valued at $622,121.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
F.N.B. Corporation (NYSE FNB) traded up $0.15 during trading on Friday, reaching $13.56. 1,093,521 shares of the company traded hands, compared to its average volume of 2,074,628. The firm has a market cap of $4,371.04, a PE ratio of 14.38 and a beta of 0.94.
F.N.B. Corporation (NYSE:FNB) last released its quarterly earnings results on Thursday, October 19th. The bank reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The business had revenue of $291.38 million for the quarter, compared to analysts’ expectations of $299.47 million. F.N.B. Corporation had a net margin of 19.95% and a return on equity of 6.81%. During the same period in the previous year, the company earned $0.24 earnings per share. equities analysts expect that F.N.B. Corporation will post 0.92 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.54%. The ex-dividend date is Thursday, November 30th. F.N.B. Corporation’s dividend payout ratio is 62.34%.
A number of brokerages have recently issued reports on FNB. BidaskClub cut shares of F.N.B. Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Zacks Investment Research upgraded shares of F.N.B. Corporation from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. Royal Bank Of Canada restated a “hold” rating and set a $15.00 price target on shares of F.N.B. Corporation in a report on Friday, September 8th. Jefferies Group LLC restated a “buy” rating and set a $18.00 price target on shares of F.N.B. Corporation in a report on Friday, August 11th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $15.00 price target on shares of F.N.B. Corporation in a report on Tuesday, October 3rd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. F.N.B. Corporation currently has an average rating of “Buy” and an average price target of $17.39.
A number of hedge funds have recently made changes to their positions in FNB. JPMorgan Chase & Co. raised its position in F.N.B. Corporation by 5,740.8% in the second quarter. JPMorgan Chase & Co. now owns 2,778,289 shares of the bank’s stock worth $39,341,000 after acquiring an additional 2,730,722 shares during the period. Neuberger Berman Group LLC raised its position in F.N.B. Corporation by 16.6% in the second quarter. Neuberger Berman Group LLC now owns 11,400,820 shares of the bank’s stock worth $161,436,000 after acquiring an additional 1,620,392 shares during the period. Royal Bank of Canada raised its position in F.N.B. Corporation by 1,517.2% in the second quarter. Royal Bank of Canada now owns 1,704,634 shares of the bank’s stock worth $24,137,000 after acquiring an additional 1,599,230 shares during the period. Goldman Sachs Group Inc. raised its position in F.N.B. Corporation by 55.0% in the second quarter. Goldman Sachs Group Inc. now owns 4,018,685 shares of the bank’s stock worth $56,904,000 after acquiring an additional 1,425,861 shares during the period. Finally, Rothschild Asset Management Inc. bought a new stake in F.N.B. Corporation in the second quarter worth about $19,151,000. 76.97% of the stock is currently owned by institutional investors and hedge funds.
About F.N.B. Corporation
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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