F.N.B. Corporation (FNB) Insider Buys $67,300.00 in Stock
F.N.B. Corporation (NYSE:FNB) insider Robert M. Moorehead bought 5,000 shares of F.N.B. Corporation stock in a transaction dated Friday, November 3rd. The stock was acquired at an average price of $13.46 per share, with a total value of $67,300.00. Following the acquisition, the insider now directly owns 25,312 shares of the company’s stock, valued at $340,699.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of F.N.B. Corporation (NYSE FNB) traded up $0.15 during trading hours on Friday, hitting $13.56. The company had a trading volume of 1,093,521 shares, 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 announced its quarterly earnings data on Thursday, October 19th. The bank reported $0.24 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.24. F.N.B. Corporation 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 analyst estimates of $299.47 million. During the same period last year, the company earned $0.24 earnings per share. analysts expect that F.N.B. Corporation will post 0.92 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.48 annualized dividend and a dividend yield of 3.54%. F.N.B. Corporation’s dividend payout ratio is 62.34%.
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Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of F.N.B. Corporation by 3.0% during the second quarter. Vanguard Group Inc. now owns 27,139,637 shares of the bank’s stock worth $384,298,000 after acquiring an additional 781,511 shares in the last quarter. State Street Corp raised its holdings in F.N.B. Corporation by 3.2% during the second 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 in the last quarter. Neuberger Berman Group LLC raised its holdings in F.N.B. Corporation by 16.6% during the second 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 in the last quarter. FMR LLC raised its holdings in F.N.B. Corporation by 15.5% during the second 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 in the last quarter. Finally, Hamlin Capital Management LLC raised its holdings in F.N.B. Corporation by 23.2% during the third quarter. Hamlin Capital Management LLC now owns 5,691,678 shares of the bank’s stock valued at $79,854,000 after buying an additional 1,071,738 shares in the last quarter. Institutional investors and hedge funds own 76.97% of the company’s stock.
A number of research firms have recently issued reports on FNB. ValuEngine upgraded F.N.B. Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Jefferies Group LLC restated a “buy” rating and issued a $18.00 target price on shares of F.N.B. Corporation in a report on Friday, July 14th. Zacks Investment Research upgraded F.N.B. Corporation from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $15.00 target price on shares of F.N.B. Corporation in a report on Tuesday, October 3rd. Finally, Boenning Scattergood restated a “hold” rating on shares of F.N.B. Corporation in a report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $17.39.
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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