Victory Capital Management Inc. lessened its position in shares of F.N.B. Corp (NYSE:FNB) by 44.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,130,725 shares of the bank’s stock after selling 1,735,445 shares during the quarter. Victory Capital Management Inc.’s holdings in F.N.B. were worth $22,586,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of FNB. Toronto Dominion Bank increased its stake in F.N.B. by 11,333.3% during the 4th quarter. Toronto Dominion Bank now owns 6,860 shares of the bank’s stock valued at $67,000 after purchasing an additional 6,800 shares in the last quarter. JNBA Financial Advisors acquired a new position in F.N.B. during the 4th quarter valued at approximately $79,000. Pearl River Capital LLC acquired a new position in F.N.B. during the 4th quarter valued at approximately $121,000. Oregon Public Employees Retirement Fund increased its stake in F.N.B. by 896.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,272,952 shares of the bank’s stock valued at $129,000 after purchasing an additional 1,145,191 shares in the last quarter. Finally, John G Ullman & Associates Inc. acquired a new position in F.N.B. during the 4th quarter valued at approximately $156,000. Hedge funds and other institutional investors own 77.93% of the company’s stock.
FNB has been the topic of a number of recent analyst reports. Boenning Scattergood restated a “buy” rating and set a $13.00 price target on shares of F.N.B. in a research note on Thursday, April 25th. Zacks Investment Research upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a research note on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. F.N.B. has a consensus rating of “Hold” and a consensus target price of $14.75.
F.N.B. (NYSE:FNB) last issued its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.02. F.N.B. had a net margin of 25.54% and a return on equity of 8.50%. The business had revenue of $296.00 million for the quarter, compared to analyst estimates of $298.73 million. During the same quarter in the prior year, the business posted $0.26 EPS. F.N.B.’s revenue for the quarter was up .7% compared to the same quarter last year. Research analysts forecast that F.N.B. Corp will post 1.17 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, May 30th. This represents a $0.48 dividend on an annualized basis and a yield of 4.19%. F.N.B.’s payout ratio is 42.48%.
In other F.N.B. news, Director Mary Jo Dively acquired 4,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were acquired at an average cost of $12.36 per share, with a total value of $49,440.00. Following the acquisition, the director now directly owns 21,900 shares of the company’s stock, valued at $270,684. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.59% of the company’s stock.
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F.N.B. Company Profile
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 three segments: Community Banking, Wealth Management, and Insurance. 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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