Fmr LLC Decreases Stock Holdings in F.N.B. Corp (NYSE:FNB)

FMR LLC lowered its position in F.N.B. Corp (NYSE:FNB) by 5.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,839,583 shares of the bank’s stock after selling 711,834 shares during the period. FMR LLC owned approximately 3.65% of F.N.B. worth $125,499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of FNB. Norges Bank bought a new stake in shares of F.N.B. during the fourth quarter valued at approximately $33,720,000. BlackRock Inc. raised its stake in F.N.B. by 4.2% in the fourth quarter. BlackRock Inc. now owns 36,804,150 shares of the bank’s stock worth $362,153,000 after buying an additional 1,496,332 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in F.N.B. by 18.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,323,089 shares of the bank’s stock worth $91,739,000 after buying an additional 1,481,237 shares in the last quarter. EJF Capital LLC raised its stake in F.N.B. by 94.8% in the fourth quarter. EJF Capital LLC now owns 2,580,063 shares of the bank’s stock worth $25,388,000 after buying an additional 1,255,733 shares in the last quarter. Finally, Macquarie Group Ltd. raised its stake in F.N.B. by 17.5% in the fourth quarter. Macquarie Group Ltd. now owns 6,167,253 shares of the bank’s stock worth $60,686,000 after buying an additional 918,930 shares in the last quarter. 76.08% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Mary Jo Dively acquired 4,000 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was acquired at an average price of $12.36 per share, for a total transaction of $49,440.00. Following the completion of the transaction, 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 can be accessed through this link. Corporate insiders own 0.59% of the company’s stock.

FNB has been the topic of several analyst reports. Zacks Investment Research lowered shares of Gold Resource from a “hold” rating to a “sell” rating in a report on Friday, June 21st. Boenning Scattergood reaffirmed a “neutral” rating on shares of United Bankshares in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $15.00.

Shares of FNB traded up $0.08 during trading hours on Thursday, reaching $11.58. 1,083,400 shares of the company traded hands, compared to its average volume of 2,262,473. F.N.B. Corp has a 12-month low of $9.35 and a 12-month high of $13.88. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $3.77 billion, a PE ratio of 10.25, a P/E/G ratio of 1.04 and a beta of 1.25. The stock has a fifty day simple moving average of $11.51.

F.N.B. (NYSE:FNB) last posted its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. The company had revenue of $296.00 million for the quarter, compared to analyst estimates of $298.73 million. F.N.B. had a net margin of 25.54% and a return on equity of 8.50%. The firm’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the company earned $0.26 earnings per share. On average, analysts anticipate that F.N.B. Corp will post 1.17 EPS for the current fiscal year.

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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Institutional Ownership by Quarter for F.N.B. (NYSE:FNB)

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