F.N.B. Corp (FNB) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its position in shares of F.N.B. Corp (NYSE:FNB) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,030,324 shares of the bank’s stock after selling 58,444 shares during the period. Victory Capital Management Inc. owned about 1.24% of F.N.B. worth $51,266,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Qube Research & Technologies Ltd acquired a new position in shares of F.N.B. during the second quarter worth about $124,000. ING Groep NV acquired a new position in shares of F.N.B. during the second quarter worth about $136,000. Lourd Capital LLC acquired a new position in shares of F.N.B. during the third quarter worth about $131,000. First Allied Advisory Services Inc. acquired a new position in shares of F.N.B. during the second quarter worth about $155,000. Finally, Advisors Asset Management Inc. boosted its position in shares of F.N.B. by 166.8% during the second quarter. Advisors Asset Management Inc. now owns 15,828 shares of the bank’s stock worth $212,000 after buying an additional 9,895 shares during the period. 80.34% of the stock is owned by institutional investors.

In other news, Director Frank C. Mencini bought 2,000 shares of the stock in a transaction dated Monday, August 13th. The shares were bought at an average price of $13.07 per share, for a total transaction of $26,140.00. Following the completion of the purchase, the director now owns 32,681 shares in the company, valued at $427,140.67. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Vincent J. Delie, Jr. bought 6,500 shares of the stock in a transaction dated Friday, October 26th. The shares were purchased at an average price of $11.21 per share, for a total transaction of $72,865.00. Following the purchase, the chairman now owns 262,829 shares of the company’s stock, valued at approximately $2,946,313.09. The disclosure for this purchase can be found here. Insiders acquired 21,500 shares of company stock worth $247,315 in the last 90 days. Corporate insiders own 0.63% of the company’s stock.

NYSE:FNB opened at $12.39 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 13.32, a price-to-earnings-growth ratio of 1.17 and a beta of 0.92. F.N.B. Corp has a 12-month low of $11.03 and a 12-month high of $14.91.

F.N.B. (NYSE:FNB) last released its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. The firm had revenue of $309.60 million for the quarter, compared to analyst estimates of $313.18 million. F.N.B. had a return on equity of 8.03% and a net margin of 20.94%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.24 earnings per share. Equities research analysts predict that F.N.B. Corp will post 1.1 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 15th. Shareholders of record on Monday, December 3rd will be paid a $0.12 dividend. The ex-dividend date is Friday, November 30th. This represents a $0.48 annualized dividend and a yield of 3.87%. F.N.B.’s dividend payout ratio is 51.61%.

Several research analysts recently commented on FNB shares. Wells Fargo & Co set a $15.00 price target on F.N.B. and gave the company a “buy” rating in a research report on Tuesday, October 2nd. Boenning Scattergood reissued a “buy” rating on shares of F.N.B. in a research report on Wednesday, July 25th. ValuEngine raised F.N.B. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. Raymond James cut F.N.B. from a “strong-buy” rating to an “outperform” rating and set a $19.00 price target for the company. in a research report on Wednesday, July 25th. Finally, Zacks Investment Research cut F.N.B. from a “hold” rating to a “sell” rating in a research report on Friday, October 5th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $16.33.

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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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