F.N.B. Corporation (FNB) is Quantum Capital Management’s Largest Position

Quantum Capital Management boosted its holdings in F.N.B. Corporation (NYSE:FNB) by 3.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 876,299 shares of the bank’s stock after acquiring an additional 29,389 shares during the period. F.N.B. Corporation comprises about 2.9% of Quantum Capital Management’s investment portfolio, making the stock its biggest holding. Quantum Capital Management owned about 0.27% of F.N.B. Corporation worth $12,294,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ffcm LLC acquired a new stake in shares of F.N.B. Corporation in the second quarter valued at approximately $114,000. Stifel Financial Corp increased its stake in shares of F.N.B. Corporation by 1.9% in the second quarter. Stifel Financial Corp now owns 10,609 shares of the bank’s stock valued at $150,000 after purchasing an additional 202 shares during the period. Park National Corp OH acquired a new stake in shares of F.N.B. Corporation in the third quarter valued at approximately $162,000. CIBC Asset Management Inc acquired a new stake in shares of F.N.B. Corporation in the third quarter valued at approximately $163,000. Finally, Round Table Services LLC acquired a new stake in shares of F.N.B. Corporation in the second quarter valued at approximately $172,000. 77.15% of the stock is currently owned by hedge funds and other institutional investors.

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Several equities research analysts have commented on FNB shares. Jefferies Group LLC restated a “buy” rating and issued a $18.00 price target on shares of F.N.B. Corporation in a research note on Friday, August 11th. ValuEngine upgraded shares of F.N.B. Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Boenning Scattergood restated a “hold” rating on shares of F.N.B. Corporation in a research note on Friday, July 21st. Zacks Investment Research upgraded shares of F.N.B. Corporation from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $15.00 price target on shares of F.N.B. Corporation in a research note on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $17.39.

In other F.N.B. Corporation news, insider Robert M. Moorehead bought 5,000 shares of F.N.B. Corporation stock in a transaction that occurred on Friday, November 3rd. The stock was purchased at an average cost of $13.46 per share, for a total transaction of $67,300.00. Following the completion of the acquisition, the insider now owns 25,312 shares of the company’s stock, valued at approximately $340,699.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Frank C. Mencini bought 2,000 shares of F.N.B. Corporation stock in a transaction that occurred on Wednesday, November 8th. The shares were acquired at an average price of $12.93 per share, with a total value of $25,860.00. The disclosure for this purchase can be found here. Insiders have purchased 8,500 shares of company stock worth $113,350 in the last quarter. Company insiders own 1.21% of the company’s stock.

F.N.B. Corporation (NYSE FNB) traded up $0.02 during midday trading on Thursday, hitting $13.07. 1,455,800 shares of the company were exchanged, compared to its average volume of 2,843,872. F.N.B. Corporation has a fifty-two week low of $12.02 and a fifty-two week high of $16.43. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $4,219.20, a price-to-earnings ratio of 13.88, a PEG ratio of 1.49 and a beta of 0.94.

F.N.B. Corporation (NYSE:FNB) last posted its quarterly earnings data on Thursday, October 19th. The bank reported $0.24 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.24. F.N.B. Corporation had a net margin of 19.95% and a return on equity of 6.81%. The business had revenue of $291.38 million for the quarter, compared to analyst estimates of $299.47 million. During the same quarter last year, the business earned $0.24 earnings per share. analysts forecast that F.N.B. Corporation will post 0.92 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.67%. F.N.B. Corporation’s dividend payout ratio is presently 62.34%.

F.N.B. Corporation Company Profile

F.N.B. Corporation is a financial holding company. The Company operates through four segments: Community Banking, Wealth Management, Insurance and Consumer Finance. Its Community Banking segment consists of First National Bank of Pennsylvania (FNBPA), which offers services, including commercial and individual demand, savings and time deposit accounts and commercial, mortgage and individual installment loans.

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

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