Insider Buying: F.N.B. Corp (FNB) Director Acquires 2,000 Shares of Stock

F.N.B. Corp (NYSE:FNB) Director Frank C. Mencini purchased 2,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were purchased at an average price of $13.81 per share, for a total transaction of $27,620.00. Following the acquisition, the director now owns 24,611 shares of the company’s stock, valued at $339,877.91. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of F.N.B. Corp (NYSE:FNB) traded up $0.09 during mid-day trading on Monday, reaching $13.84. 996,897 shares of the company traded hands, compared to its average volume of 2,406,960. F.N.B. Corp has a 52 week low of $12.02 and a 52 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. The stock has a market capitalization of $4,447.65, a PE ratio of 22.62, a P/E/G ratio of 1.28 and a beta of 0.91.

F.N.B. (NYSE:FNB) last issued its earnings results on Tuesday, January 23rd. The bank reported $0.24 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.24. F.N.B. had a net margin of 16.00% and a return on equity of 6.69%. The company had revenue of $295.14 million for the quarter, compared to analysts’ expectations of $295.89 million. During the same quarter last year, the company posted $0.24 earnings per share. analysts predict that F.N.B. Corp will post 1.13 EPS for the current year.

A number of hedge funds have recently modified their holdings of FNB. GSA Capital Partners LLP purchased a new stake in F.N.B. in the second quarter worth approximately $273,000. Stifel Financial Corp boosted its holdings in F.N.B. by 1.9% in the second 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 boosted its holdings in F.N.B. by 3.2% in the second 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. boosted its holdings in F.N.B. by 90.0% in the second 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. in the second quarter worth approximately $395,000. Institutional investors own 76.62% of the company’s stock.

A number of equities research analysts have recently commented on FNB shares. Jefferies Group reiterated a “buy” rating and set a $17.00 price target on shares of F.N.B. in a report on Thursday, January 25th. Boenning Scattergood started coverage on shares of F.N.B. in a report on Tuesday, January 23rd. They set a “buy” rating on the stock. SunTrust Banks reiterated a “buy” rating and set a $17.00 price target on shares of F.N.B. in a report on Tuesday, January 9th. Zacks Investment Research upgraded shares of F.N.B. from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Wednesday, January 3rd. Finally, Stephens started coverage on shares of F.N.B. in a report on Wednesday, December 13th. They set an “equal weight” rating on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned 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 a consensus price target of $17.10.

ILLEGAL ACTIVITY WARNING: This article was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & international copyright and trademark law. The original version of this article can be read at https://www.americanbankingnews.com/2018/02/12/insider-buying-f-n-b-corp-fnb-director-acquires-2000-shares-of-stock.html.

About F.N.B.

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)

Receive News & Ratings for F.N.B. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F.N.B. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply