Gamco Investors INC. ET AL Continues to Hold Stake in F.N.B. Corporation (FNB)
Gamco Investors INC. ET AL continued to hold its position in F.N.B. Corporation (NYSE:FNB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,400 shares of the bank’s stock at the end of the second quarter. Gamco Investors INC. ET AL’s holdings in F.N.B. Corporation were worth $459,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Comerica Bank boosted its position in F.N.B. Corporation by 9.3% in the second quarter. Comerica Bank now owns 1,091,283 shares of the bank’s stock worth $14,776,000 after buying an additional 92,881 shares in the last quarter. Legal & General Group Plc raised its stake in F.N.B. Corporation by 17.8% in the second quarter. Legal & General Group Plc now owns 321,222 shares of the bank’s stock worth $4,548,000 after buying an additional 48,634 shares during the last quarter. SG Americas Securities LLC raised its stake in F.N.B. Corporation by 179.8% in the second quarter. SG Americas Securities LLC now owns 332,247 shares of the bank’s stock worth $4,705,000 after buying an additional 213,485 shares during the last quarter. Botty Investors LLC raised its stake in F.N.B. Corporation by 55.4% in the second quarter. Botty Investors LLC now owns 29,420 shares of the bank’s stock worth $417,000 after buying an additional 10,485 shares during the last quarter. Finally, State of Wisconsin Investment Board acquired a new stake in F.N.B. Corporation during the second quarter worth $907,000. Institutional investors and hedge funds own 76.43% of the company’s stock.
Shares of F.N.B. Corporation (NYSE:FNB) opened at 12.71 on Thursday. The stock has a 50 day moving average of $13.53 and a 200-day moving average of $14.28. F.N.B. Corporation has a 1-year low of $11.86 and a 1-year high of $16.43. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 16.36 and a beta of 0.94.
F.N.B. Corporation (NYSE:FNB) last announced its quarterly earnings data on Thursday, July 20th. The bank reported $0.23 EPS for the quarter, meeting analysts’ consensus estimates of $0.23. F.N.B. Corporation had a net margin of 19.43% and a return on equity of 6.97%. The company had revenue of $284.50 million during the quarter, compared to the consensus estimate of $294.39 million. During the same quarter last year, the firm posted $0.22 EPS. The company’s quarterly revenue was up 24.8% on a year-over-year basis. Analysts forecast that F.N.B. Corporation will post $0.95 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date is Wednesday, August 30th. F.N.B. Corporation’s dividend payout ratio (DPR) is presently 61.54%.
A number of research firms have weighed in on FNB. BidaskClub lowered shares of F.N.B. Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Keefe, Bruyette & Woods raised shares of F.N.B. Corporation to a “hold” rating and set a $16.00 target price on the stock in a report on Monday, June 5th. Jefferies Group LLC reissued 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 on the stock in a report on Tuesday, May 23rd. Finally, Zacks Investment Research lowered shares of F.N.B. Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. F.N.B. Corporation presently has an average rating of “Buy” and a consensus target price of $17.75.
In other news, Director Frank C. Mencini acquired 2,500 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was bought at an average price of $13.57 per share, with a total value of $33,925.00. Following the transaction, the director now directly owns 19,977 shares in the company, valued at approximately $271,087.89. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Gary L. Guerrieri sold 7,000 shares of F.N.B. Corporation stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $13.19, for a total transaction of $92,330.00. Following the completion of the transaction, the insider now directly owns 38,407 shares of the company’s stock, valued at approximately $506,588.33. The disclosure for this sale can be found here. Company insiders own 1.21% of the company’s stock.
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.
Receive News & Ratings for F.N.B. Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F.N.B. Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.