Hillsdale Investment Management Inc. Buys Shares of 202,200 F.N.B. Corporation $FNB

Hillsdale Investment Management Inc. purchased a new position in F.N.B. Corporation (NYSE:FNB) during the first quarter, Holdings Channel.com reports. The firm purchased 202,200 shares of the bank’s stock, valued at approximately $3,381,000.

Several other hedge funds and other institutional investors have also modified their holdings of FNB. CoreCap Advisors LLC acquired a new stake in F.N.B. during the fourth quarter valued at $34,000. Root Financial Partners LLC increased its position in F.N.B. by 66.8% in the 1st quarter. Root Financial Partners LLC now owns 2,047 shares of the bank’s stock worth $34,000 after purchasing an additional 820 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in F.N.B. by 3,723.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the bank’s stock worth $36,000 after purchasing an additional 2,420 shares during the last quarter. Triumph Capital Management purchased a new stake in shares of F.N.B. during the 3rd quarter worth about $55,000. Finally, Parallel Advisors LLC raised its stake in shares of F.N.B. by 18.9% during the 3rd quarter. Parallel Advisors LLC now owns 4,522 shares of the bank’s stock worth $73,000 after purchasing an additional 720 shares in the last quarter. 79.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Gary L. Guerrieri sold 19,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $18.53, for a total transaction of $352,070.00. Following the completion of the transaction, the insider directly owned 298,097 shares in the company, valued at $5,523,737.41. The trade was a 5.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods boosted their price target on F.N.B. from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of F.N.B. in a research report on Tuesday, June 9th. Truist Financial lifted their target price on shares of F.N.B. from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Wall Street Zen downgraded shares of F.N.B. from a “hold” rating to a “sell” rating in a research report on Sunday. Finally, Piper Sandler increased their price target on shares of F.N.B. from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, June 26th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $20.80.

F.N.B. Trading Up 0.5%

F.N.B. stock opened at $19.09 on Thursday. F.N.B. Corporation has a 52 week low of $14.45 and a 52 week high of $19.58. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 0.92. The firm has a market capitalization of $6.79 billion, a PE ratio of 11.78, a PEG ratio of 0.97 and a beta of 0.84. The business’s 50-day simple moving average is $18.15 and its 200-day simple moving average is $17.64.

F.N.B. (NYSE:FNB) last announced its earnings results on Friday, April 17th. The bank reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. The firm had revenue of $450.00 million during the quarter, compared to the consensus estimate of $454.06 million. F.N.B. had a return on equity of 8.94% and a net margin of 21.64%.During the same quarter in the prior year, the company earned $0.32 EPS. Equities research analysts forecast that F.N.B. Corporation will post 1.73 earnings per share for the current year.

About F.N.B.

F.N.B. Corporation is a bank holding company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, FNB Bank, the company provides a broad range of commercial and consumer financial services. Founded in 1864 as the First National Bank of Pennsylvania, F.N.B. has grown through both organic expansion and strategic acquisitions to become a regional banking franchise.

The company’s main business activities include traditional deposit-taking and lending services, such as checking and savings accounts, mortgages, home equity lines of credit, and consumer and commercial loans.