Fifth Third Bancorp Invests $231,000 in F.N.B. Corp (FNB)

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Fifth Third Bancorp acquired a new position in shares of F.N.B. Corp (NYSE:FNB) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 18,156 shares of the bank’s stock, valued at approximately $231,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Qube Research & Technologies Ltd acquired a new stake in shares of F.N.B. during the second quarter worth approximately $124,000. ING Groep NV acquired a new stake in shares of F.N.B. during the second quarter worth approximately $136,000. Lourd Capital LLC acquired a new stake in shares of F.N.B. during the third quarter worth approximately $131,000. Virtu Financial LLC acquired a new stake in shares of F.N.B. during the third quarter worth approximately $145,000. Finally, First Allied Advisory Services Inc. acquired a new stake in shares of F.N.B. during the second quarter worth approximately $155,000. 79.75% of the stock is owned by institutional investors.

In other F.N.B. news, Chairman Vincent J. Delie, Jr. acquired 6,500 shares of F.N.B. stock in a transaction on Friday, October 26th. The shares were purchased at an average cost of $11.21 per share, with a total value of $72,865.00. Following the completion of the purchase, the chairman now owns 262,829 shares in the company, valued at $2,946,313.09. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Vincent J. Calabrese acquired 5,000 shares of F.N.B. stock in a transaction on Friday, October 26th. The stock was acquired at an average cost of $11.21 per share, for a total transaction of $56,050.00. Following the completion of the purchase, the chief financial officer now owns 115,974 shares of the company’s stock, valued at approximately $1,300,068.54. The disclosure for this purchase can be found here. Insiders have bought 22,500 shares of company stock worth $257,895 over the last three months. 0.63% of the stock is owned by insiders.

Several research firms have recently weighed in on FNB. ValuEngine raised shares of F.N.B. from a “sell” rating to a “hold” rating in a report on Tuesday, September 4th. Zacks Investment Research cut shares of F.N.B. from a “hold” rating to a “sell” rating in a research note on Friday, October 5th. Finally, Wells Fargo & Co set a $15.00 price target on shares of F.N.B. and gave the company a “buy” rating in a research note on Tuesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. F.N.B. has a consensus rating of “Hold” and an average target price of $16.33.

FNB opened at $10.08 on Wednesday. F.N.B. Corp has a one year low of $10.04 and a one year high of $14.91. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.14. The company has a market cap of $3.28 billion, a PE ratio of 9.54, a P/E/G ratio of 0.96 and a beta of 0.93.

F.N.B. (NYSE:FNB) last released its quarterly earnings results on Tuesday, October 23rd. The bank reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. F.N.B. had a net margin of 20.94% and a return on equity of 8.03%. The business had revenue of $309.60 million for the quarter, compared to analysts’ expectations of $313.18 million. During the same period in the prior year, the firm earned $0.24 earnings per share. F.N.B.’s revenue was up 1.8% compared to the same quarter last year. As a group, equities analysts anticipate that F.N.B. Corp will post 1.11 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Saturday, December 15th. Stockholders of record on Monday, December 3rd were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, November 30th. This represents a $0.48 annualized dividend and a dividend yield of 4.76%. F.N.B.’s dividend payout ratio (DPR) is currently 51.61%.

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F.N.B. 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 four segments: Community Banking, Wealth Management, Insurance, and Consumer Finance. 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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Institutional Ownership by Quarter for F.N.B. (NYSE:FNB)

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