Frank C. Mencini Acquires 2,000 Shares of F.N.B. Corp (FNB) Stock

F.N.B. Corp (NYSE:FNB) Director Frank C. Mencini bought 2,000 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were bought at an average cost of $13.81 per share, with a total value of $27,620.00. Following the transaction, the director now directly owns 24,611 shares of the company’s stock, valued at $339,877.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of F.N.B. Corp (FNB) opened at $14.26 on Thursday. F.N.B. Corp has a 12-month low of $12.02 and a 12-month high of $16.33. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $4,496.17, a P/E ratio of 23.36, a PEG ratio of 1.29 and a beta of 0.91.

F.N.B. (NYSE:FNB) last posted its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. F.N.B. had a return on equity of 6.69% and a net margin of 16.00%. The company had revenue of $295.14 million during the quarter, compared to analysts’ expectations of $295.89 million. During the same period in the prior year, the business earned $0.24 earnings per share. sell-side analysts anticipate that F.N.B. Corp will post 1.13 EPS for the current fiscal year.

FNB has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $16.50 target price on shares of F.N.B. in a research report on Friday, December 22nd. Royal Bank of Canada reaffirmed a “hold” rating and set a $15.00 target price on shares of F.N.B. in a research report on Friday, October 20th. ValuEngine cut F.N.B. from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research raised F.N.B. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 19th. Finally, Stephens began coverage on F.N.B. in a research report on Wednesday, December 13th. They issued an “equal weight” rating for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $17.10.

Several hedge funds and other institutional investors have recently modified their holdings of FNB. GSA Capital Partners LLP acquired a new position in shares of F.N.B. in the second quarter valued at $273,000. Stifel Financial Corp raised its stake in shares of F.N.B. 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 in the last quarter. State Street Corp raised its stake in shares of F.N.B. by 3.2% in the second quarter. State Street Corp now owns 18,107,627 shares of the bank’s stock valued at $256,409,000 after purchasing an additional 555,996 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of F.N.B. by 90.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 60,218 shares of the bank’s stock valued at $853,000 after purchasing an additional 28,532 shares in the last quarter. Finally, National Asset Management Inc. acquired a new position in shares of F.N.B. in the second quarter valued at $395,000. Institutional investors and hedge funds own 76.62% of the company’s stock.

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About F.N.B.

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.

Insider Buying and Selling by Quarter for F.N.B. (NYSE:FNB)

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