Zurcher Kantonalbank Zurich Cantonalbank raised its position in F.N.B. Corp (NYSE:FNB) by 28.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,102 shares of the bank’s stock after purchasing an additional 4,020 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in F.N.B. were worth $250,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of FNB. Vaughan Nelson Investment Management L.P. bought a new position in F.N.B. in the fourth quarter valued at about $42,816,000. Citadel Advisors LLC raised its position in F.N.B. by 583.6% in the third quarter. Citadel Advisors LLC now owns 1,858,469 shares of the bank’s stock valued at $26,075,000 after purchasing an additional 1,586,590 shares during the last quarter. Hamlin Capital Management LLC raised its position in F.N.B. by 23.2% in the third quarter. Hamlin Capital Management LLC now owns 5,691,678 shares of the bank’s stock valued at $79,854,000 after purchasing an additional 1,071,738 shares during the last quarter. Rothschild Asset Management Inc. raised its position in F.N.B. by 61.2% in the third quarter. Rothschild Asset Management Inc. now owns 2,180,515 shares of the bank’s stock valued at $30,593,000 after purchasing an additional 828,052 shares during the last quarter. Finally, Crestline Management LP raised its position in F.N.B. by 3,562.5% in the third quarter. Crestline Management LP now owns 586,000 shares of the bank’s stock valued at $8,222,000 after purchasing an additional 570,000 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.
In related news, Director William B. Campbell sold 3,300 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $14.48, for a total transaction of $47,784.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Pamela A. Bena bought 2,750 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were acquired at an average cost of $14.15 per share, with a total value of $38,912.50. Following the purchase, the director now directly owns 3,850 shares of the company’s stock, valued at $54,477.50. The disclosure for this purchase can be found here. Insiders have bought 6,250 shares of company stock valued at $86,633 over the last 90 days. 1.21% of the stock is owned by corporate insiders.
Several research firms have commented on FNB. ValuEngine downgraded F.N.B. from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Jefferies Group reiterated a “buy” rating and issued a $17.00 target price on shares of F.N.B. in a research report on Thursday, January 25th. SunTrust Banks reiterated a “buy” rating and issued a $17.00 target price on shares of F.N.B. in a research report on Tuesday, January 9th. Keefe, Bruyette & Woods restated a “hold” rating and set a $16.50 price objective on shares of F.N.B. in a research report on Friday, December 22nd. Finally, Boenning Scattergood initiated coverage on F.N.B. in a research report on Tuesday, January 23rd. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $17.10.
F.N.B. Corp (FNB) opened at $14.51 on Tuesday. F.N.B. Corp has a 1 year low of $12.02 and a 1 year high of $16.33. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $4,693.48, a PE ratio of 23.79, a PEG ratio of 1.35 and a beta of 0.91.
F.N.B. (NYSE:FNB) last issued its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.24 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.24. F.N.B. had a return on equity of 6.69% and a net margin of 16.00%. The company had revenue of $295.14 million during the quarter, compared to the consensus estimate of $295.89 million. During the same period last year, the company earned $0.24 earnings per share. research analysts predict that F.N.B. Corp will post 1.13 EPS for the current fiscal year.
COPYRIGHT VIOLATION WARNING: This article was first reported by Stock Observer and is owned by of Stock Observer. If you are accessing this article on another site, it was stolen and reposted in violation of US & international copyright & trademark law. The legal version of this article can be viewed at https://www.thestockobserver.com/2018/02/20/zurcher-kantonalbank-zurich-cantonalbank-boosts-holdings-in-f-n-b-corp-fnb.html.
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.
Want to see what other hedge funds are holding FNB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for F.N.B. Corp (NYSE:FNB).
Receive News & Ratings for F.N.B. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F.N.B. and related companies with MarketBeat.com's FREE daily email newsletter.