Principal Financial Group Inc. increased its holdings in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 2.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,952,429 shares of the bank's stock after acquiring an additional 127,516 shares during the period. Principal Financial Group Inc. owned approximately 1.38% of F.N.B. worth $69,879,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Kathleen S. Wright Associates Inc. acquired a new stake in shares of F.N.B. during the 3rd quarter valued at approximately $28,000. Brooklyn Investment Group acquired a new position in F.N.B. during the third quarter worth $31,000. Richardson Financial Services Inc. boosted its position in F.N.B. by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank's stock worth $41,000 after purchasing an additional 1,473 shares in the last quarter. UMB Bank n.a. grew its holdings in F.N.B. by 82.3% in the third quarter. UMB Bank n.a. now owns 3,687 shares of the bank's stock valued at $52,000 after purchasing an additional 1,665 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in shares of F.N.B. by 31.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank's stock valued at $65,000 after buying an additional 1,100 shares in the last quarter. Hedge funds and other institutional investors own 79.25% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on FNB shares. StockNews.com upgraded shares of F.N.B. from a "sell" rating to a "hold" rating in a research report on Monday, October 21st. Raymond James raised their price objective on shares of F.N.B. from $17.00 to $19.00 and gave the stock an "outperform" rating in a research note on Thursday, November 21st. Wells Fargo & Company lifted their price objective on F.N.B. from $16.00 to $19.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 3rd. Stephens increased their target price on F.N.B. from $16.00 to $18.00 and gave the company an "overweight" rating in a report on Monday, October 21st. Finally, Keefe, Bruyette & Woods raised their price target on F.N.B. from $16.00 to $18.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $17.67.
Check Out Our Latest Report on FNB
F.N.B. Trading Up 0.7 %
Shares of FNB traded up $0.10 on Friday, hitting $14.50. 5,946,242 shares of the stock traded hands, compared to its average volume of 2,251,125. F.N.B. Co. has a 1 year low of $12.49 and a 1 year high of $17.70. The stock's 50 day moving average is $15.72 and its two-hundred day moving average is $14.60. The firm has a market capitalization of $5.21 billion, a P/E ratio of 13.30 and a beta of 0.99. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.40.
F.N.B. (NYSE:FNB - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.02). F.N.B. had a return on equity of 8.49% and a net margin of 16.29%. The business had revenue of $413.02 million for the quarter, compared to analysts' expectations of $409.80 million. As a group, sell-side analysts predict that F.N.B. Co. will post 1.34 earnings per share for the current year.
F.N.B. Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Monday, December 2nd were given a dividend of $0.12 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.48 annualized dividend and a yield of 3.31%. F.N.B.'s dividend payout ratio (DPR) is presently 44.04%.
Insiders Place Their Bets
In related news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $16.50, for a total value of $2,062,500.00. Following the transaction, the chief executive officer now directly owns 1,652,229 shares of the company's stock, valued at approximately $27,261,778.50. This trade represents a 7.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.03% of the stock is owned by corporate insiders.
About F.N.B.
(
Free Report)
F.N.B. Corporation, a bank and financial holding company, provides a range of financial products and services primarily to consumers, corporations, governments, and small- to medium-sized businesses in the United States. The company operates through three segments: Community Banking, Wealth Management, and Insurance.
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