Parametrica Management Ltd lowered its position in F.N.B. Corp (NYSE:FNB) by 67.0% during the first quarter, Holdings Channel reports. The institutional investor owned 11,705 shares of the bank’s stock after selling 23,722 shares during the period. Parametrica Management Ltd’s holdings in F.N.B. were worth $124,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Toronto Dominion Bank lifted its holdings in F.N.B. by 11,333.3% in the fourth quarter. Toronto Dominion Bank now owns 6,860 shares of the bank’s stock valued at $67,000 after acquiring an additional 6,800 shares during the period. JNBA Financial Advisors acquired a new position in F.N.B. in the fourth quarter valued at approximately $79,000. Pearl River Capital LLC acquired a new position in F.N.B. in the fourth quarter valued at approximately $121,000. Carroll Financial Associates Inc. lifted its holdings in F.N.B. by 13.0% in the first quarter. Carroll Financial Associates Inc. now owns 15,788 shares of the bank’s stock valued at $167,000 after acquiring an additional 1,811 shares during the period. Finally, John G Ullman & Associates Inc. acquired a new position in F.N.B. in the fourth quarter valued at approximately $156,000. Hedge funds and other institutional investors own 77.93% of the company’s stock.
In other F.N.B. news, Director Mary Jo Dively purchased 4,000 shares of the stock in a transaction dated Monday, May 6th. The stock was acquired at an average cost of $12.36 per share, for a total transaction of $49,440.00. Following the acquisition, the director now owns 21,900 shares in the company, valued at approximately $270,684. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.59% of the stock is owned by corporate insiders.
F.N.B. (NYSE:FNB) last issued its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.02. The firm had revenue of $296.00 million during the quarter, compared to analysts’ expectations of $298.73 million. F.N.B. had a return on equity of 8.50% and a net margin of 25.54%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 earnings per share. On average, sell-side analysts forecast that F.N.B. Corp will post 1.17 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Friday, May 31st will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.19%. The ex-dividend date is Thursday, May 30th. F.N.B.’s payout ratio is currently 42.48%.
A number of research analysts have issued reports on FNB shares. Zacks Investment Research raised F.N.B. from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Tuesday, March 26th. Boenning Scattergood reissued a “buy” rating and issued a $13.00 price target on shares of F.N.B. in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $14.75.
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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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