Northwestern Mutual Investment Management Company LLC lowered its stake in shares of F.N.B. Corp. (NYSE:FNB) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,016 shares of the company’s stock after selling 119 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in F.N.B. Corp. were worth $452,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of FNB. Capstone Asset Management Co. raised its position in F.N.B. Corp. by 1.1% in the second quarter. Capstone Asset Management Co. now owns 11,819 shares of the company’s stock worth $148,000 after buying an additional 130 shares during the period. LPL Financial LLC increased its position in shares of F.N.B. Corp. by 5.8% in the first quarter. LPL Financial LLC now owns 14,082 shares of the company’s stock worth $177,000 after buying an additional 778 shares in the last quarter. Royal Bank of Canada increased its position in shares of F.N.B. Corp. by 0.9% in the first quarter. Royal Bank of Canada now owns 100,253 shares of the company’s stock worth $1,303,000 after buying an additional 915 shares in the last quarter. United Services Automobile Association increased its position in shares of F.N.B. Corp. by 3.3% in the second quarter. United Services Automobile Association now owns 31,000 shares of the company’s stock worth $389,000 after buying an additional 980 shares in the last quarter. Finally, HBK Sorce Advisory LLC increased its position in shares of F.N.B. Corp. by 2.5% in the second quarter. HBK Sorce Advisory LLC now owns 49,561 shares of the company’s stock worth $621,000 after buying an additional 1,206 shares in the last quarter. Institutional investors and hedge funds own 68.53% of the company’s stock.

F.N.B. Corp. (NYSE:FNB) opened at 12.03 on Tuesday. F.N.B. Corp. has a 12-month low of $11.16 and a 12-month high of $14.66. The firm has a market cap of $2.51 billion, a PE ratio of 16.43 and a beta of 0.98. The stock has a 50 day moving average of $12.31 and a 200 day moving average of $12.74.

F.N.B. Corp. (NYSE:FNB) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by $0.02. F.N.B. Corp. had a net margin of 18.64% and a return on equity of 7.60%. During the same quarter last year, the company earned $0.22 earnings per share. On average, equities research analysts anticipate that F.N.B. Corp. will post $0.79 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were issued a $0.12 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $0.48 dividend on an annualized basis and a yield of 3.99%. F.N.B. Corp.’s dividend payout ratio (DPR) is presently 64.86%.

A number of research firms recently weighed in on FNB. JPMorgan Chase & Co. reissued a “hold” rating on shares of F.N.B. Corp. in a research note on Saturday, July 9th. Zacks Investment Research cut shares of F.N.B. Corp. from a “hold” rating to a “sell” rating in a report on Monday, July 25th. Jefferies Group restated a “buy” rating and set a $14.00 price objective on shares of F.N.B. Corp. in a report on Thursday, July 7th. Finally, FBR & Co decreased their price objective on shares of F.N.B. Corp. from $14.00 to $13.00 and set a “mkt perform” rating for the company in a report on Friday, July 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. F.N.B. Corp. has a consensus rating of “Hold” and an average price target of $13.80.

In other F.N.B. Corp. news, CEO Vincent J. Delie, Jr. acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The stock was acquired at an average price of $11.97 per share, for a total transaction of $59,850.00. Following the acquisition, the chief executive officer now directly owns 175,054 shares in the company, valued at $2,095,396.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gary L. Guerrieri acquired 4,058 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The stock was acquired at an average price of $12.32 per share, with a total value of $49,994.56. Following the acquisition, the insider now owns 54,622 shares in the company, valued at $672,943.04. The disclosure for this purchase can be found here. 1.63% of the stock is currently owned by corporate insiders.

About F.N.B. Corp.

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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