Insider Buying: F.N.B. Corporation (NYSE:FNB) Director Purchases $33,925.00 in Stock
F.N.B. Corporation (NYSE:FNB) Director Frank C. Mencini purchased 2,500 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was purchased at an average price of $13.57 per share, for a total transaction of $33,925.00. Following the purchase, the director now directly owns 19,977 shares of the company’s stock, valued at approximately $271,087.89. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
F.N.B. Corporation (NYSE FNB) traded down 0.69% on Friday, hitting $12.99. 1,575,125 shares of the company were exchanged. F.N.B. Corporation has a one year low of $11.86 and a one year high of $16.43. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of 16.72 and a beta of 0.94. The stock has a 50 day moving average price of $13.83 and a 200 day moving average price of $14.43.
F.N.B. Corporation (NYSE:FNB) last announced its earnings results on Thursday, July 20th. The bank reported $0.23 earnings per share for the quarter, hitting the Zacks’ 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 company had revenue of $284.50 million during the quarter, compared to the consensus estimate of $294.39 million. During the same period in the previous year, the firm posted $0.22 earnings per share. The company’s revenue was up 24.8% on a year-over-year basis. On average, equities research analysts forecast that F.N.B. Corporation will post $0.95 EPS for the current fiscal year.
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Several institutional investors have recently made changes to their positions in FNB. Tyers Asset Management LLC increased its position 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 worth $101,000 after buying an additional 352 shares in the last quarter. Ffcm LLC bought a new position in shares of F.N.B. Corporation during the second quarter worth $114,000. Israel Discount Bank of New York bought a new position in shares of F.N.B. Corporation during the first quarter worth $120,000. Elkfork Partners LLC increased its position 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 worth $138,000 after buying an additional 484 shares in the last quarter. Finally, GW&K Investment Management LLC bought a new position in shares of F.N.B. Corporation during the first quarter worth $158,000. 75.89% of the stock is owned by institutional investors.
A number of research analysts recently commented on the stock. Keefe, Bruyette & Woods upgraded shares of F.N.B. Corporation to a “hold” rating and set a $16.00 price objective on the stock in a research note on Monday, June 5th. BidaskClub upgraded shares of F.N.B. Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Jefferies Group LLC reiterated a “buy” rating and set a $18.00 price objective on shares of F.N.B. Corporation in a research note on Friday. J P Morgan Chase & Co upgraded shares of F.N.B. Corporation from a “neutral” rating to an “overweight” rating and set a $17.50 price objective on the stock in a research note 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 research note on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $17.75.
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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