W.E. Donoghue & Co. LLC boosted its position in F.N.B. Corp (NYSE:FNB) by 621.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 619,745 shares of the bank’s stock after purchasing an additional 533,892 shares during the period. F.N.B. comprises approximately 0.9% of W.E. Donoghue & Co. LLC’s holdings, making the stock its 16th largest position. W.E. Donoghue & Co. LLC owned about 0.19% of F.N.B. worth $7,294,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Twin Tree Management LP acquired a new stake in F.N.B. in the first quarter valued at about $53,000. Sontag Advisory LLC lifted its position in F.N.B. by 643.2% in the first quarter. Sontag Advisory LLC now owns 10,330 shares of the bank’s stock valued at $109,000 after purchasing an additional 8,940 shares during the period. Huntington National Bank lifted its position in F.N.B. by 87.7% in the second quarter. Huntington National Bank now owns 11,507 shares of the bank’s stock valued at $135,000 after purchasing an additional 5,376 shares during the period. Connable Office Inc. acquired a new stake in F.N.B. in the first quarter valued at about $146,000. Finally, Carroll Financial Associates Inc. lifted its position 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 purchasing an additional 1,811 shares during the period. Hedge funds and other institutional investors own 76.57% of the company’s stock.
Shares of FNB stock traded down $0.18 during midday trading on Friday, reaching $11.38. 128,562 shares of the company traded hands, compared to its average volume of 1,359,063. The business’s 50 day moving average price is $11.67. F.N.B. Corp has a 1-year low of $9.35 and a 1-year high of $13.69. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 10.03, a PEG ratio of 1.11 and a beta of 1.25.
In related news, Director Mary Jo Dively purchased 4,000 shares of F.N.B. stock in a transaction dated Monday, May 6th. The stock was bought at an average cost of $12.36 per share, for a total transaction of $49,440.00. Following the transaction, the director now owns 21,900 shares in the company, valued at $270,684. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.59% of the stock is currently owned by company insiders.
A number of brokerages recently commented on FNB. Boenning Scattergood restated a “buy” rating and issued a $13.00 price objective on shares of F.N.B. in a research report on Thursday, April 25th. Zacks Investment Research upgraded shares of F.N.B. from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Friday, June 21st. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $13.67.
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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