Wedge Capital Management L L P NC reduced its stake in F.N.B. Corp (NYSE:FNB) by 1.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 802,874 shares of the bank’s stock after selling 15,248 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.25% of F.N.B. worth $9,450,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. State of Tennessee Treasury Department acquired a new stake in F.N.B. in the 1st quarter worth approximately $2,438,000. LSV Asset Management lifted its holdings in F.N.B. by 1.0% in the 1st quarter. LSV Asset Management now owns 2,366,100 shares of the bank’s stock worth $25,080,000 after purchasing an additional 23,200 shares during the last quarter. Deutsche Bank AG lifted its holdings in F.N.B. by 58.3% in the 4th quarter. Deutsche Bank AG now owns 432,774 shares of the bank’s stock worth $4,256,000 after purchasing an additional 159,312 shares during the last quarter. Foundry Partners LLC lifted its holdings in F.N.B. by 39.7% in the 1st quarter. Foundry Partners LLC now owns 864,634 shares of the bank’s stock worth $9,165,000 after purchasing an additional 245,748 shares during the last quarter. Finally, Financial Advantage Inc. lifted its holdings in F.N.B. by 0.8% in the 1st quarter. Financial Advantage Inc. now owns 532,574 shares of the bank’s stock worth $5,645,000 after purchasing an additional 4,229 shares during the last quarter. Hedge funds and other institutional investors own 76.50% of the company’s stock.

NYSE FNB traded down $0.05 during trading on Thursday, hitting $10.52. The company’s stock had a trading volume of 25,200 shares, compared to its average volume of 1,648,376. 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 business’s 50 day moving average is $11.58. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 9.30, a P/E/G ratio of 0.98 and a beta of 1.24. F.N.B. Corp has a 52 week low of $9.35 and a 52 week high of $13.69.

F.N.B. (NYSE:FNB) last issued its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.29 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.29. The company had revenue of $305.25 million for the quarter, compared to the consensus estimate of $305.58 million. F.N.B. had a return on equity of 8.55% and a net margin of 25.79%. During the same period in the previous year, the business posted $0.27 EPS. As a group, analysts predict that F.N.B. Corp will post 1.16 earnings per share for the current year.

FNB has been the subject of several analyst reports. Zacks Investment Research upgraded F.N.B. from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a report on Friday, June 21st. Boenning Scattergood restated a “buy” rating and issued a $13.00 target price on shares of F.N.B. in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $13.67.

In other F.N.B. news, Director David L. Motley purchased 2,500 shares of the company’s stock in a transaction on Friday, August 9th. The shares were bought at an average cost of $11.12 per share, with a total value of $27,800.00. Following the transaction, the director now directly owns 36,320 shares in the company, valued at approximately $403,878.40. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James D. Chiafullo purchased 3,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was acquired at an average cost of $10.85 per share, for a total transaction of $32,550.00. Following the completion of the transaction, the director now owns 66,847 shares in the company, valued at $725,289.95. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 6,000 shares of company stock worth $66,460. Company insiders own 0.59% of the company’s stock.

F.N.B. Company Profile

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.

Further Reading: Market Capitalization and Individual Investors

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

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