Jolley Asset Management LLC Invests $231,000 in F.N.B. Corp (NYSE:FNB)

Jolley Asset Management LLC purchased a new position in shares of F.N.B. Corp (NYSE:FNB) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 18,151 shares of the bank’s stock, valued at approximately $231,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FNB. Private Advisor Group LLC acquired a new stake in shares of F.N.B. during the 2nd quarter worth approximately $260,000. Parametric Portfolio Associates LLC lifted its position in shares of F.N.B. by 7.3% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 3,089,863 shares of the bank’s stock worth $35,626,000 after purchasing an additional 209,494 shares during the last quarter. Dupont Capital Management Corp lifted its position in shares of F.N.B. by 10.2% during the 3rd quarter. Dupont Capital Management Corp now owns 31,909 shares of the bank’s stock worth $368,000 after purchasing an additional 2,961 shares during the last quarter. Strs Ohio lifted its position in shares of F.N.B. by 3.7% during the 3rd quarter. Strs Ohio now owns 37,423 shares of the bank’s stock worth $431,000 after purchasing an additional 1,325 shares during the last quarter. Finally, Millennium Management LLC raised its stake in F.N.B. by 1,132.9% during the 3rd quarter. Millennium Management LLC now owns 2,080,619 shares of the bank’s stock worth $23,989,000 after acquiring an additional 1,911,862 shares in the last quarter. 74.31% of the stock is currently owned by hedge funds and other institutional investors.

NYSE FNB traded down $0.32 during trading on Friday, reaching $12.08. The company’s stock had a trading volume of 113,722 shares, compared to its average volume of 1,566,313. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 10.32, a P/E/G ratio of 1.20 and a beta of 1.30. F.N.B. Corp has a twelve month low of $10.23 and a twelve month high of $12.93. The business’s fifty day moving average price is $12.55 and its 200-day moving average price is $11.87.

F.N.B. (NYSE:FNB) last posted its quarterly earnings data on Tuesday, January 21st. The bank reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The company had revenue of $300.48 million for the quarter, compared to analyst estimates of $305.55 million. F.N.B. had a net margin of 25.13% and a return on equity of 8.43%. During the same period in the previous year, the business posted $0.30 earnings per share. As a group, sell-side analysts forecast that F.N.B. Corp will post 1.16 EPS for the current fiscal year.

Several brokerages recently commented on FNB. Wells Fargo & Co lifted their price target on shares of F.N.B. from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Zacks Investment Research upgraded shares of F.N.B. from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Monday, December 23rd. Stephens cut their price target on shares of F.N.B. from $14.50 to $14.00 and set an “overweight” rating on the stock in a research note on Wednesday. Raymond James lifted their price target on shares of F.N.B. from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Finally, TheStreet upgraded shares of F.N.B. from a “c+” rating to a “b-” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $13.80.

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.

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

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