The Manufacturers Life Insurance Company lessened its position in shares of F.N.B. Corp (NYSE:FNB) by 4.2% in the 4th quarter, HoldingsChannel reports. The fund owned 3,337,466 shares of the bank’s stock after selling 146,075 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in F.N.B. were worth $46,124,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Franklin Street Advisors Inc. NC acquired a new position in shares of F.N.B. in the 4th quarter valued at $139,000. Stifel Financial Corp boosted its holdings in shares of F.N.B. by 1.9% in the 2nd quarter. Stifel Financial Corp now owns 10,609 shares of the bank’s stock valued at $150,000 after buying an additional 202 shares in the last quarter. First Allied Advisory Services Inc. acquired a new position in shares of F.N.B. in the 3rd quarter valued at $150,000. CIBC Asset Management Inc acquired a new position in shares of F.N.B. in the 3rd quarter valued at $163,000. Finally, SeaCrest Wealth Management LLC acquired a new position in shares of F.N.B. in the 4th quarter valued at $180,000. Institutional investors own 80.78% of the company’s stock.
F.N.B. Corp (NYSE:FNB) opened at $14.51 on Tuesday. The company has a market cap of $4,693.48, a price-to-earnings ratio of 23.79, a price-to-earnings-growth ratio of 1.35 and a beta of 0.91. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.82 and a current ratio of 0.82. F.N.B. Corp has a 12-month low of $12.02 and a 12-month high of $16.33.
F.N.B. (NYSE:FNB) last announced its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.24 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.24. The company had revenue of $295.14 million during the quarter, compared to the consensus estimate of $295.89 million. F.N.B. had a net margin of 16.00% and a return on equity of 6.69%. During the same quarter in the prior year, the firm earned $0.24 EPS. sell-side analysts expect that F.N.B. Corp will post 1.13 earnings per share for the current year.
FNB has been the subject of several research analyst reports. Zacks Investment Research cut shares of F.N.B. from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Stephens initiated coverage on shares of F.N.B. in a report on Wednesday, December 13th. They issued an “equal weight” rating for the company. Boenning Scattergood initiated coverage on shares of F.N.B. in a report on Tuesday, January 23rd. They issued a “buy” rating for the company. ValuEngine cut shares of F.N.B. from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $16.50 target price on shares of F.N.B. in a report on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $17.10.
In other news, Director William B. Campbell sold 3,300 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $14.48, for a total value of $47,784.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Pamela A. Bena purchased 2,750 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was bought at an average price of $14.15 per share, with a total value of $38,912.50. Following the acquisition, the director now directly owns 3,850 shares in the company, valued at $54,477.50. The disclosure for this purchase can be found here. Insiders bought a total of 6,250 shares of company stock valued at $86,633 in the last quarter. Insiders own 1.21% of the company’s stock.
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F.N.B. Corporation is a diversified financial services company operating in eight states. The Company holds a significant retail deposit market share in markets, including Pittsburgh, Pennsylvania; Baltimore, Maryland; Cleveland, Ohio; and Charlotte, Raleigh, Durham and the Piedmont Triad (Winston-Salem, Greensboro and High Point) in North Carolina.
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