James D. Chiafullo Acquires 3,000 Shares of F.N.B. Corp (NYSE:FNB) Stock
F.N.B. Corp (NYSE:FNB) Director James D. Chiafullo bought 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average price of $10.85 per share, for a total transaction of $32,550.00. Following the acquisition, the director now directly owns 66,847 shares in the company, valued at $725,289.95. The purchase was disclosed in a legal filing with the SEC, which is available through this link.
FNB traded up $0.13 during trading on Tuesday, hitting $10.95. The stock had a trading volume of 1,077,657 shares, compared to its average volume of 1,656,690. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of 9.69, a PEG ratio of 1.01 and a beta of 1.24. F.N.B. Corp has a 12 month low of $9.35 and a 12 month high of $13.69. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. The company has a 50 day simple moving average of $11.60.
F.N.B. (NYSE:FNB) last announced its earnings results on Tuesday, July 23rd. The bank reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. The firm had revenue of $305.25 million for the quarter, compared to the consensus estimate of $305.58 million. F.N.B. had a net margin of 25.79% and a return on equity of 8.55%. During the same quarter last year, the firm posted $0.27 EPS. As a group, research analysts forecast that F.N.B. Corp will post 1.16 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC raised its holdings in F.N.B. by 59.7% in the 2nd quarter. Parallel Advisors LLC now owns 2,747 shares of the bank’s stock worth $32,000 after acquiring an additional 1,027 shares during the period. Twin Tree Management LP acquired a new stake in F.N.B. in the 1st quarter worth $53,000. Steward Partners Investment Advisory LLC acquired a new stake in F.N.B. in the 2nd quarter worth $60,000. AGF Investments LLC grew its position in F.N.B. by 44.1% in the 2nd quarter. AGF Investments LLC now owns 5,574 shares of the bank’s stock worth $66,000 after purchasing an additional 1,707 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in F.N.B. by 21.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,907 shares of the bank’s stock worth $81,000 after purchasing an additional 1,236 shares during the last quarter. Hedge funds and other institutional investors own 76.50% of the company’s stock.
F.N.B. Corporation, a financial holding company, provides a range of financial services primarily to consumers, corporations, governments, and small- to medium-sized businesses. The company operates through three segments: Community Banking, Wealth Management, and Insurance. It offers commercial banking solutions, including corporate and small business banking, investment real estate financing, business credit, capital market, and lease financing services.
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