PL Capital Advisors LLC increased its stake in F.N.B. Corporation (NYSE:FNB) by 10.4% during the second quarter, Holdings Channel reports. The institutional investor owned 1,057,232 shares of the bank’s stock after buying an additional 100,000 shares during the period. F.N.B. Corporation comprises approximately 3.9% of PL Capital Advisors LLC’s holdings, making the stock its 10th largest position. PL Capital Advisors LLC’s holdings in F.N.B. Corporation were worth $14,970,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Raymond James Trust N.A. increased its stake in shares of 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 in the last quarter. Tyers Asset Management LLC increased its stake in shares of 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 in the last quarter. Trust Co. of Toledo NA OH increased its stake in shares of 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 in the last quarter. Elkfork Partners LLC increased its stake in shares of 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 in the last quarter. Finally, World Asset Management Inc increased its stake in shares of 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 in the last quarter. 75.89% of the stock is owned by institutional investors.

F.N.B. Corporation (NYSE FNB) opened at 13.41 on Thursday. F.N.B. Corporation has a 52-week low of $11.86 and a 52-week high of $16.43. The company has a market cap of $4.41 billion, a P/E ratio of 17.24 and a beta of 0.94. The company has a 50-day moving average of $13.87 and a 200-day moving average of $14.45.

F.N.B. Corporation (NYSE:FNB) last announced its quarterly earnings results on Thursday, July 20th. The bank reported $0.23 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.23. The business had revenue of $284.50 million during the quarter, compared to analyst estimates of $294.39 million. F.N.B. Corporation had a net margin of 19.43% and a return on equity of 6.97%. F.N.B. Corporation’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.22 EPS. On average, equities research analysts expect that F.N.B. Corporation will post $0.95 earnings per share for the current fiscal year.

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Several equities research analysts have recently issued reports on the stock. Jefferies Group LLC set a $18.00 price objective on shares of F.N.B. Corporation and gave the stock a “buy” rating in a research report on Saturday, May 6th. Boenning Scattergood reissued 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 set an “outperform” rating for the company. BidaskClub downgraded 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 raised 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 investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $17.75.

In other news, insider Gary L. Guerrieri sold 19,000 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $14.17, for a total value of $269,230.00. Following the completion of the sale, the insider now owns 55,707 shares in the company, valued at approximately $789,368.19. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Frank C. Mencini bought 2,500 shares of F.N.B. Corporation stock in a transaction dated Tuesday, August 8th. The stock was purchased at an average price of $13.57 per share, with a total value of $33,925.00. Following the purchase, the director now owns 19,977 shares in the company, valued at $271,087.89. The disclosure for this purchase can be found here. Insiders own 1.21% of the company’s stock.

F.N.B. Corporation Company Profile

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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Institutional Ownership by Quarter for F.N.B. Corporation (NYSE:FNB)

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