Arizona State Retirement System raised its stake in F.N.B. Corp (NYSE:FNB) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 232,760 shares of the bank’s stock after purchasing an additional 2,521 shares during the quarter. Arizona State Retirement System owned about 0.07% of F.N.B. worth $2,290,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Lourd Capital LLC acquired a new position in shares of F.N.B. in the 3rd quarter valued at $131,000. Virtu Financial LLC purchased a new position in shares of F.N.B. in the 3rd quarter valued at $145,000. Blair William & Co. IL purchased a new position in shares of F.N.B. in the 3rd quarter valued at $161,000. Stratos Wealth Partners LTD. purchased a new position in shares of F.N.B. in the 3rd quarter valued at $185,000. Finally, Trexquant Investment LP purchased a new position in shares of F.N.B. in the 3rd quarter valued at $199,000. Institutional investors own 78.94% of the company’s stock.
In related news, Director William B. Campbell sold 2,900 shares of F.N.B. stock in a transaction on Thursday, February 7th. The shares were sold at an average price of $11.95, for a total transaction of $34,655.00. Following the sale, the director now owns 82,240 shares of the company’s stock, valued at approximately $982,768. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mary Jo Dively purchased 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 5th. The shares were purchased at an average cost of $11.81 per share, for a total transaction of $35,430.00. Following the purchase, the director now directly owns 17,900 shares in the company, valued at $211,399. The disclosure for this purchase can be found here. Insiders own 0.63% of the company’s stock.
A number of equities analysts have recently commented on FNB shares. TheStreet downgraded shares of F.N.B. from a “b-” rating to a “c+” rating in a research note on Friday, December 21st. Zacks Investment Research downgraded shares of F.N.B. from a “hold” rating to a “sell” rating in a research note on Tuesday, January 8th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. F.N.B. has an average rating of “Hold” and a consensus price target of $16.00.
Shares of FNB stock opened at $11.97 on Tuesday. F.N.B. Corp has a 52 week low of $9.35 and a 52 week high of $14.91. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $3.85 billion, a PE ratio of 10.59, a price-to-earnings-growth ratio of 1.08 and a beta of 1.22.
F.N.B. (NYSE:FNB) last issued its earnings results on Tuesday, January 22nd. The bank reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.02. F.N.B. had a net margin of 25.65% and a return on equity of 8.42%. The business had revenue of $300.67 million for the quarter, compared to the consensus estimate of $303.18 million. During the same quarter last year, the firm posted $0.24 EPS. On average, equities analysts expect that F.N.B. Corp will post 1.16 earnings per share for the current year.
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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 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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