Public Employees Retirement System of Ohio trimmed its holdings in F.N.B. Corp (NYSE:FNB) by 25.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 96,102 shares of the bank’s stock after selling 32,211 shares during the period. Public Employees Retirement System of Ohio’s holdings in F.N.B. were worth $1,290,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Qube Research & Technologies Ltd acquired a new position in shares of F.N.B. in the 2nd quarter valued at approximately $124,000. ING Groep NV acquired a new stake in shares of F.N.B. during the 2nd quarter valued at approximately $136,000. Winthrop Partners WNY LLC acquired a new stake in shares of F.N.B. during the 1st quarter valued at approximately $142,000. First Allied Advisory Services Inc. acquired a new stake in shares of F.N.B. during the 2nd quarter valued at approximately $155,000. Finally, WealthPLAN Partners LLC raised its position in shares of F.N.B. by 4,258.7% during the 1st quarter. WealthPLAN Partners LLC now owns 13,817 shares of the bank’s stock valued at $186,000 after acquiring an additional 13,500 shares in the last quarter. 80.89% of the stock is currently owned by institutional investors.
Several equities research analysts recently issued reports on the company. Zacks Investment Research lowered F.N.B. from a “hold” rating to a “sell” rating in a research report on Friday, October 5th. Wells Fargo & Co set a $15.00 price target on F.N.B. and gave the company a “buy” rating in a research report on Tuesday, October 2nd. ValuEngine lowered F.N.B. from a “hold” rating to a “sell” rating in a research report on Tuesday, September 18th. Boenning Scattergood reissued a “buy” rating on shares of F.N.B. in a research report on Wednesday, July 25th. Finally, Raymond James lowered F.N.B. from a “strong-buy” rating to an “outperform” rating and set a $19.00 price target on the stock. in a research report on Wednesday, July 25th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.14.
FNB stock opened at $11.91 on Friday. The company has a market cap of $4.12 billion, a P/E ratio of 13.24, a PEG ratio of 1.22 and a beta of 0.92. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.14. F.N.B. Corp has a 12-month low of $11.58 and a 12-month high of $14.91.
F.N.B. (NYSE:FNB) last issued its quarterly earnings data on Tuesday, July 24th. The bank reported $0.27 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.27. The firm had revenue of $304.00 million during the quarter, compared to the consensus estimate of $305.86 million. F.N.B. had a return on equity of 7.70% and a net margin of 19.91%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.23 EPS. Sell-side analysts expect that F.N.B. Corp will post 1.1 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Saturday, September 15th. Investors of record on Tuesday, September 4th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, August 31st. This represents a $0.48 dividend on an annualized basis and a yield of 4.03%. F.N.B.’s payout ratio is currently 51.61%.
In related news, Director Frank C. Mencini acquired 2,000 shares of the stock in a transaction that occurred on Monday, August 13th. The stock was purchased at an average cost of $13.07 per share, for a total transaction of $26,140.00. Following the purchase, the director now directly owns 32,681 shares in the company, valued at $427,140.67. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.63% of the stock is owned by corporate insiders.
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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