Tradition Capital Management LLC decreased its position in shares of F.N.B. Corp (NYSE:FNB) by 15.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,575 shares of the bank’s stock after selling 2,600 shares during the period. Tradition Capital Management LLC’s holdings in F.N.B. were worth $154,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Toronto Dominion Bank boosted its position in shares of F.N.B. by 11,333.3% during the 4th quarter. Toronto Dominion Bank now owns 6,860 shares of the bank’s stock worth $67,000 after acquiring an additional 6,800 shares in the last quarter. JNBA Financial Advisors acquired a new stake in shares of F.N.B. during the 4th quarter worth approximately $79,000. Pearl River Capital LLC acquired a new stake in shares of F.N.B. during the 4th quarter worth approximately $121,000. Oregon Public Employees Retirement Fund boosted its position in shares of F.N.B. by 896.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,272,952 shares of the bank’s stock worth $129,000 after acquiring an additional 1,145,191 shares in the last quarter. Finally, John G Ullman & Associates Inc. acquired a new stake in shares of F.N.B. during the 4th quarter worth approximately $156,000. Institutional investors and hedge funds own 77.93% of the company’s stock.
FNB has been the topic of several analyst reports. Zacks Investment Research upgraded shares of F.N.B. from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Tuesday, March 26th. Boenning Scattergood reissued a “buy” rating and issued a $13.00 price objective on shares of F.N.B. in a research note on Thursday, April 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. F.N.B. presently has a consensus rating of “Hold” and a consensus price target of $14.75.
NYSE:FNB traded up $0.18 on Thursday, hitting $11.56. The company had a trading volume of 17,038 shares, compared to its average volume of 2,432,938. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 1.03 and a beta of 1.26. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.82. F.N.B. Corp has a 52 week low of $9.35 and a 52 week high of $14.19.
F.N.B. (NYSE:FNB) last issued its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.02. The business had revenue of $296.00 million during the quarter, compared to the consensus estimate of $298.73 million. F.N.B. had a net margin of 25.54% and a return on equity of 8.50%. The firm’s revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.26 EPS. As a group, analysts expect that F.N.B. Corp will post 1.17 EPS for the current year.
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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: How Important is Technical Analysis of Stocks
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