Qube Research & Technologies Ltd Acquires Shares of 13,929 F.N.B. Corp (NYSE:FNB)
Qube Research & Technologies Ltd acquired a new stake in shares of F.N.B. Corp (NYSE:FNB) in the second quarter, HoldingsChannel reports. The fund acquired 13,929 shares of the bank’s stock, valued at approximately $164,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. State of Tennessee Treasury Department acquired a new stake in F.N.B. during the 1st quarter valued at approximately $2,438,000. LSV Asset Management grew its stake in F.N.B. by 1.0% during the 1st quarter. LSV Asset Management now owns 2,366,100 shares of the bank’s stock valued at $25,080,000 after purchasing an additional 23,200 shares in the last quarter. Deutsche Bank AG grew its stake in F.N.B. by 58.3% during the 4th quarter. Deutsche Bank AG now owns 432,774 shares of the bank’s stock valued at $4,256,000 after purchasing an additional 159,312 shares in the last quarter. Hamlin Capital Management LLC grew its stake in F.N.B. by 1.5% during the 2nd quarter. Hamlin Capital Management LLC now owns 2,905,460 shares of the bank’s stock valued at $34,197,000 after purchasing an additional 42,692 shares in the last quarter. Finally, New York State Teachers Retirement System grew its stake in F.N.B. by 34.7% during the 2nd quarter. New York State Teachers Retirement System now owns 177,900 shares of the bank’s stock valued at $2,094,000 after purchasing an additional 45,800 shares in the last quarter. Hedge funds and other institutional investors own 77.40% of the company’s stock.
FNB has been the subject of a number of recent analyst reports. Boenning Scattergood restated a “buy” rating and set a $13.00 price objective on shares of F.N.B. in a research note on Thursday, April 25th. 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 research report on Friday, June 21st. One equities research analyst has rated the stock with a sell rating and three have issued a buy rating to the company. F.N.B. currently has an average rating of “Buy” and an average target price of $13.67.
F.N.B. (NYSE:FNB) last issued its earnings results on Tuesday, July 23rd. The bank reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. The company had revenue of $305.25 million during the quarter, compared to analyst estimates 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 quarter last year, the firm earned $0.27 EPS. On average, sell-side analysts predict that F.N.B. Corp will post 1.16 earnings per share for the current fiscal year.
In other news, Director David L. Motley bought 2,500 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was bought at an average price of $11.12 per share, for a total transaction of $27,800.00. Following the transaction, the director now owns 36,320 shares in the company, valued at $403,878.40. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James D. Chiafullo bought 3,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was purchased at an average price of $10.85 per share, with a total value of $32,550.00. Following the transaction, the director now owns 66,847 shares in the company, valued at approximately $725,289.95. The disclosure for this purchase can be found here. In the last quarter, insiders bought 6,000 shares of company stock valued at $66,460. Insiders own 0.59% 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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