F.N.B. (FNB) Upgraded at Zacks Investment Research
According to Zacks, “FNB Corporation is a diversified financial services company serving banking, trust, consumer finance and insurance customers through community banking affiliates and other subsidiaries with offices in Florida, Pennsylvania, Ohio and Tennessee. “
Separately, TheStreet lowered F.N.B. from a b- rating to a c+ rating in a report on Friday, December 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. F.N.B. presently has a consensus rating of Hold and an average price target of $15.25.
F.N.B. (NYSE:FNB) last released its quarterly earnings results on Tuesday, January 22nd. The bank reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.02. F.N.B. had a return on equity of 8.42% and a net margin of 25.65%. The company had revenue of $300.67 million for the quarter, compared to analyst estimates of $303.18 million. During the same quarter in the prior year, the firm posted $0.24 EPS. Sell-side analysts forecast that F.N.B. will post 1.16 EPS for the current year.
In related news, Director William B. Campbell sold 2,900 shares of the stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $11.95, for a total transaction of $34,655.00. Following the sale, the director now owns 82,240 shares in the company, valued at approximately $982,768. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mary Jo Dively purchased 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 5th. The shares were bought at an average price of $11.81 per share, for a total transaction of $35,430.00. Following the acquisition, the director now directly owns 17,900 shares in the company, valued at approximately $211,399. The disclosure for this purchase can be found here. Corporate insiders own 0.59% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Vista Investment Management grew its position in F.N.B. by 5.5% in the 4th quarter. Vista Investment Management now owns 18,806 shares of the bank’s stock valued at $185,000 after acquiring an additional 979 shares during the last quarter. BB&T Securities LLC grew its position in F.N.B. by 0.9% in the 4th quarter. BB&T Securities LLC now owns 118,238 shares of the bank’s stock valued at $1,163,000 after acquiring an additional 1,081 shares during the last quarter. Gabelli Funds LLC grew its position in F.N.B. by 1.9% in the 4th quarter. Gabelli Funds LLC now owns 66,000 shares of the bank’s stock valued at $649,000 after acquiring an additional 1,200 shares during the last quarter. Fagan Associates Inc. grew its position in F.N.B. by 3.7% in the 4th quarter. Fagan Associates Inc. now owns 35,840 shares of the bank’s stock valued at $353,000 after acquiring an additional 1,275 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in F.N.B. by 1.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 129,365 shares of the bank’s stock valued at $1,273,000 after acquiring an additional 1,604 shares during the last quarter. 78.78% of the stock is currently owned by institutional investors.
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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