Dimensional Fund Advisors LP Has $133.34 Million Stake in F.N.B. Corp (FNB)
Dimensional Fund Advisors LP lessened its stake in shares of F.N.B. Corp (NYSE:FNB) by 9.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,503,858 shares of the bank’s stock after selling 938,640 shares during the period. Dimensional Fund Advisors LP owned 2.94% of F.N.B. worth $133,338,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. MUFG Americas Holdings Corp raised its holdings in shares of F.N.B. by 2,115.7% during the 3rd quarter. MUFG Americas Holdings Corp now owns 40,260 shares of the bank’s stock worth $565,000 after acquiring an additional 38,443 shares during the period. Hartford Investment Management Co. purchased a new position in shares of F.N.B. during the 3rd quarter worth $2,931,000. Schwab Charles Investment Management Inc. raised its holdings in shares of F.N.B. by 42.4% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,633,041 shares of the bank’s stock worth $22,912,000 after acquiring an additional 486,579 shares during the period. Wells Fargo & Company MN raised its holdings in shares of F.N.B. by 139.1% during the 3rd quarter. Wells Fargo & Company MN now owns 718,576 shares of the bank’s stock worth $10,081,000 after acquiring an additional 418,075 shares during the period. Finally, Cadence Capital Management LLC purchased a new position in shares of F.N.B. during the 3rd quarter worth $654,000. Institutional investors and hedge funds own 76.02% of the company’s stock.
In related news, Director Frank C. Mencini acquired 2,000 shares of the stock in a transaction dated Wednesday, November 8th. The stock was acquired at an average cost of $12.93 per share, with a total value of $25,860.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert M. Moorehead acquired 5,000 shares of the stock in a transaction dated Friday, November 3rd. The shares were bought at an average cost of $13.46 per share, with a total value of $67,300.00. Following the completion of the transaction, the insider now owns 25,312 shares of the company’s stock, valued at approximately $340,699.52. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 8,500 shares of company stock valued at $113,350. Corporate insiders own 1.21% of the company’s stock.
F.N.B. Corp (NYSE FNB) opened at $13.88 on Friday. The firm has a market capitalization of $4,387.32, a PE ratio of 14.44, a price-to-earnings-growth ratio of 1.55 and a beta of 0.96. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.82. F.N.B. Corp has a 52-week low of $12.02 and a 52-week high of $16.35.
F.N.B. (NYSE:FNB) last released its earnings results on Thursday, October 19th. The bank reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The company had revenue of $291.38 million during the quarter, compared to the consensus estimate of $299.47 million. F.N.B. had a return on equity of 6.81% and a net margin of 19.95%. During the same period in the previous year, the company posted $0.24 EPS. equities research analysts anticipate that F.N.B. Corp will post 0.92 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date was Thursday, November 30th. F.N.B.’s dividend payout ratio is presently 62.34%.
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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