Texas Permanent School Fund trimmed its holdings in F.N.B. Corp (NYSE:FNB) by 7.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,492 shares of the bank’s stock after selling 17,479 shares during the quarter. Texas Permanent School Fund owned about 0.07% of F.N.B. worth $3,020,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in FNB. GSA Capital Partners LLP purchased a new position in F.N.B. in the 2nd quarter worth approximately $273,000. Vanguard Group Inc. raised its position in shares of F.N.B. by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 27,139,637 shares of the bank’s stock valued at $384,298,000 after buying an additional 781,511 shares during the period. FMR LLC raised its position in shares of F.N.B. by 15.5% during the 2nd quarter. FMR LLC now owns 9,337,204 shares of the bank’s stock valued at $132,214,000 after buying an additional 1,253,800 shares during the period. Virtu KCG Holdings LLC raised its position in shares of F.N.B. by 19.7% during the 2nd quarter. Virtu KCG Holdings LLC now owns 43,416 shares of the bank’s stock valued at $615,000 after buying an additional 7,139 shares during the period. Finally, Stifel Financial Corp raised its position in shares of F.N.B. by 1.9% during 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 during the period. 76.50% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have recently commented on the stock. Boenning Scattergood assumed coverage on shares of F.N.B. in a research report on Tuesday, January 23rd. They set a “buy” rating on the stock. ValuEngine lowered shares of F.N.B. from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Jefferies Group reaffirmed a “buy” rating and set a $17.00 price target on shares of F.N.B. in a research report on Thursday, January 25th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $16.50 price target on shares of F.N.B. in a research report on Friday, December 22nd. Finally, Zacks Investment Research raised shares of F.N.B. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $17.10.
F.N.B. (NYSE:FNB) last announced its earnings results on Tuesday, January 23rd. The bank reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. The company had revenue of $295.14 million for the quarter, compared to analyst estimates of $295.89 million. F.N.B. had a return on equity of 6.69% and a net margin of 16.00%. During the same quarter in the previous year, the company earned $0.24 earnings per share. analysts predict that F.N.B. Corp will post 1.13 EPS for the current fiscal year.
In other F.N.B. news, Director Pamela A. Bena purchased 2,750 shares of the company’s stock in a transaction on Monday, February 5th. The stock was acquired at an average price of $14.15 per share, for a total transaction of $38,912.50. Following the completion of the purchase, the director now directly owns 3,850 shares in the company, valued at approximately $54,477.50. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director William B. Campbell sold 3,300 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $14.48, for a total transaction of $47,784.00. The disclosure for this sale can be found here. 1.21% of the stock is owned by insiders.
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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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