F.N.B. Corporation (FNB) Position Raised by Botty Investors LLC
Botty Investors LLC increased its stake in shares of F.N.B. Corporation (NYSE:FNB) by 55.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,420 shares of the bank’s stock after buying an additional 10,485 shares during the period. Botty Investors LLC’s holdings in F.N.B. Corporation were worth $417,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of FNB. Raymond James Trust N.A. increased its position in 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 valued at $159,000 after buying an additional 60 shares during the last quarter. Tyers Asset Management LLC increased its position in 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 valued at $101,000 after buying an additional 352 shares during the last quarter. Trust Co. of Toledo NA OH increased its position in F.N.B. Corporation by 3.5% in the first quarter. Trust Co. of Toledo NA OH now owns 11,558 shares of the bank’s stock valued at $172,000 after buying an additional 389 shares during the last quarter. Elkfork Partners LLC increased its position in F.N.B. Corporation by 5.5% in the first quarter. Elkfork Partners LLC now owns 9,306 shares of the bank’s stock valued at $138,000 after buying an additional 484 shares during the last quarter. Finally, World Asset Management Inc increased its position in F.N.B. Corporation by 2.8% in the second quarter. World Asset Management Inc now owns 20,381 shares of the bank’s stock valued at $289,000 after buying an additional 558 shares during the last quarter. 76.68% of the stock is currently owned by institutional investors and hedge funds.
Shares of F.N.B. Corporation (FNB) opened at 13.13 on Wednesday. The stock has a 50 day moving average of $13.81 and a 200-day moving average of $14.39. F.N.B. Corporation has a 12 month low of $11.86 and a 12 month high of $16.43. The firm has a market capitalization of $4.22 billion, a PE ratio of 16.90 and a beta of 0.94.
F.N.B. Corporation (NYSE:FNB) last released its quarterly earnings data on Thursday, July 20th. The bank reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. F.N.B. Corporation had a net margin of 19.43% and a return on equity of 6.97%. The business had revenue of $284.50 million for the quarter, compared to analyst estimates of $294.39 million. During the same period in the previous year, the firm earned $0.22 EPS. The business’s revenue for the quarter was up 24.8% compared to the same quarter last year. On average, equities research analysts anticipate that F.N.B. Corporation will post $0.95 EPS for the current fiscal year.
Several research firms have issued reports on FNB. Jefferies Group LLC set a $18.00 price objective on shares of F.N.B. Corporation and gave the company a “buy” rating in a report on Saturday, May 6th. Boenning Scattergood reiterated a “hold” rating on shares of F.N.B. Corporation in a research report on Friday, July 21st. Wells Fargo & Company assumed coverage on shares of F.N.B. Corporation in a research report on Friday, June 2nd. They issued an “outperform” rating for the company. BidaskClub cut shares of F.N.B. Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Finally, Keefe, Bruyette & Woods upgraded shares of F.N.B. Corporation to a “hold” rating and set a $16.00 target price for the company in a research report on Monday, June 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. F.N.B. Corporation currently has an average rating of “Buy” and an average target price of $17.75.
In related news, insider Gary L. Guerrieri sold 7,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $13.19, for a total value of $92,330.00. Following the sale, the insider now directly owns 38,407 shares in the company, valued at approximately $506,588.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William B. Campbell sold 3,000 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $13.90, for a total transaction of $41,700.00. Following the completion of the sale, the director now owns 84,370 shares in the company, valued at $1,172,743. The disclosure for this sale can be found here. 1.21% of the stock is owned by 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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