F.N.B. Corp (FNB) Director Purchases $20,100.00 in Stock

F.N.B. Corp (NYSE:FNB) Director Robert A. Hormell acquired 1,500 shares of the business’s stock in a transaction on Friday, February 9th. The stock was acquired at an average price of $13.40 per share, with a total value of $20,100.00. Following the transaction, the director now directly owns 64,119 shares of the company’s stock, valued at approximately $859,194.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

F.N.B. Corp (NYSE:FNB) traded up $0.11 during midday trading on Monday, hitting $13.86. The stock had a trading volume of 1,111,279 shares, compared to its average volume of 2,409,541. The firm has a market cap of $4,447.65, a price-to-earnings ratio of 22.69, a P/E/G ratio of 1.28 and a beta of 0.91. F.N.B. Corp has a fifty-two week low of $12.02 and a fifty-two week high of $16.33. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.16.

F.N.B. (NYSE:FNB) last released its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $295.14 million for the quarter, compared to analyst estimates of $295.89 million. F.N.B. had a return on equity of 6.69% and a net margin of 16.00%. During the same period in the previous year, the company posted $0.24 EPS. equities analysts expect that F.N.B. Corp will post 1.13 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in FNB. GSA Capital Partners LLP purchased a new stake in F.N.B. during the 2nd quarter worth approximately $273,000. Stifel Financial Corp increased its holdings in F.N.B. by 1.9% during the 2nd quarter. Stifel Financial Corp now owns 10,609 shares of the bank’s stock worth $150,000 after purchasing an additional 202 shares during the last quarter. State Street Corp increased its holdings in F.N.B. by 3.2% during the 2nd quarter. State Street Corp now owns 18,107,627 shares of the bank’s stock worth $256,409,000 after purchasing an additional 555,996 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in F.N.B. by 90.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 60,218 shares of the bank’s stock worth $853,000 after purchasing an additional 28,532 shares during the last quarter. Finally, National Asset Management Inc. purchased a new stake in F.N.B. during the 2nd quarter worth approximately $395,000. 76.62% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently weighed in on FNB. Boenning Scattergood began coverage on F.N.B. in a research report on Tuesday, January 23rd. They issued a “buy” rating for the company. ValuEngine cut F.N.B. from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Jefferies Group restated a “buy” rating and issued a $17.00 price target on shares of F.N.B. in a research report on Thursday, January 25th. Zacks Investment Research upgraded F.N.B. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 19th. Finally, SunTrust Banks reiterated a “buy” rating and set a $17.00 price objective on shares of F.N.B. in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $17.10.

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F.N.B. Company 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.

Insider Buying and Selling by Quarter for F.N.B. (NYSE:FNB)

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