Aperio Group LLC Has $771,000 Position in F.N.B. Corporation (FNB)

Aperio Group LLC reduced its position in shares of F.N.B. Corporation (NYSE:FNB) by 13.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,426 shares of the bank’s stock after selling 8,176 shares during the period. Aperio Group LLC’s holdings in F.N.B. Corporation were worth $771,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FNB. Tyers Asset Management LLC increased its position in shares of F.N.B. Corporation by 5.5% in the first quarter. Tyers Asset Management LLC now owns 6,768 shares of the bank’s stock worth $101,000 after buying an additional 352 shares during the period. Israel Discount Bank of New York purchased a new position in shares of F.N.B. Corporation during the first quarter worth approximately $120,000. Elkfork Partners LLC increased its position in shares of F.N.B. Corporation by 5.5% in the first quarter. Elkfork Partners LLC now owns 9,306 shares of the bank’s stock worth $138,000 after buying an additional 484 shares during the period. Raymond James Trust N.A. increased its position in shares of F.N.B. Corporation by 0.6% in the first quarter. Raymond James Trust N.A. now owns 10,678 shares of the bank’s stock worth $159,000 after buying an additional 60 shares during the period. Finally, Paragon Capital Management Ltd purchased a new position in shares of F.N.B. Corporation during the first quarter worth approximately $159,000. 76.68% of the stock is owned by institutional investors.

Shares of F.N.B. Corporation (NYSE:FNB) traded up 0.31% during mid-day trading on Friday, reaching $12.78. 2,295,624 shares of the company’s stock traded hands. The company has a market cap of $4.11 billion, a P/E ratio of 16.45 and a beta of 0.94. The firm has a 50-day moving average of $13.71 and a 200 day moving average of $14.35. F.N.B. Corporation has a 12-month low of $11.86 and a 12-month high of $16.43.

F.N.B. Corporation (NYSE:FNB) last issued its earnings results on Thursday, July 20th. The bank reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.23. The firm had revenue of $284.50 million during the quarter, compared to analyst estimates of $294.39 million. F.N.B. Corporation had a net margin of 19.43% and a return on equity of 6.97%. The company’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter last year, the business earned $0.22 earnings per share. Equities analysts forecast that F.N.B. Corporation will post $0.95 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.48 dividend on an annualized basis and a yield of 3.76%. F.N.B. Corporation’s dividend payout ratio is presently 61.54%.

A number of research analysts have recently commented on the stock. BidaskClub downgraded shares of F.N.B. Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday. Keefe, Bruyette & Woods raised shares of F.N.B. Corporation to a “hold” rating and set a $16.00 target price for the company in a report on Monday, June 5th. Jefferies Group LLC reaffirmed a “buy” rating and set a $18.00 target price on shares of F.N.B. Corporation in a report on Friday, August 11th. J P Morgan Chase & Co raised shares of F.N.B. Corporation from a “neutral” rating to an “overweight” rating and set a $17.50 target price for the company in a report on Tuesday, May 23rd. Finally, Zacks Investment Research downgraded shares of F.N.B. Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $17.75.

In other news, insider Gary L. Guerrieri sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $13.19, for a total value of $92,330.00. Following the completion of the transaction, the insider now directly owns 38,407 shares in the company, valued at $506,588.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank C. Mencini acquired 2,500 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was purchased at an average price of $13.57 per share, with a total value of $33,925.00. Following the completion of the transaction, the director now directly owns 19,977 shares of the company’s stock, valued at approximately $271,087.89. The disclosure for this purchase can be found here. 1.21% of the stock is owned by company insiders.

About F.N.B. Corporation

F.N.B. Corporation is a financial holding company. The Company operates through four segments: Community Banking, Wealth Management, Insurance and Consumer Finance. Its Community Banking segment consists of First National Bank of Pennsylvania (FNBPA), which offers services, including commercial and individual demand, savings and time deposit accounts and commercial, mortgage and individual installment loans.

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