F.N.B. Co. (NYSE:FNB) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its stake in F.N.B. Co. (NYSE:FNBFree Report) by 49.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 95,176 shares of the bank’s stock after selling 91,717 shares during the period. Victory Capital Management Inc.’s holdings in F.N.B. were worth $1,027,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Capital Investment Advisory Services LLC grew its holdings in F.N.B. by 2.8% in the 3rd quarter. Capital Investment Advisory Services LLC now owns 37,364 shares of the bank’s stock valued at $403,000 after buying an additional 1,006 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of F.N.B. by 5.4% during the 3rd quarter. Teacher Retirement System of Texas now owns 101,059 shares of the bank’s stock worth $1,090,000 after purchasing an additional 5,166 shares during the period. Watershed Asset Management L.L.C. grew its holdings in shares of F.N.B. by 12.1% during the 3rd quarter. Watershed Asset Management L.L.C. now owns 22,368 shares of the bank’s stock worth $241,000 after purchasing an additional 2,417 shares during the period. Inspire Investing LLC grew its holdings in shares of F.N.B. by 3.8% during the 3rd quarter. Inspire Investing LLC now owns 28,415 shares of the bank’s stock worth $307,000 after purchasing an additional 1,045 shares during the period. Finally, Advisor Partners II LLC grew its holdings in shares of F.N.B. by 45.1% during the 3rd quarter. Advisor Partners II LLC now owns 18,977 shares of the bank’s stock worth $205,000 after purchasing an additional 5,895 shares during the period. 76.94% of the stock is currently owned by hedge funds and other institutional investors.

F.N.B. Price Performance

FNB opened at $13.36 on Tuesday. The stock’s 50-day moving average price is $13.39 and its 200 day moving average price is $12.12. F.N.B. Co. has a 12-month low of $10.09 and a 12-month high of $14.68. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.33. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 10.12 and a beta of 1.02.

F.N.B. (NYSE:FNBGet Free Report) last posted its quarterly earnings results on Monday, January 22nd. The bank reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. The company had revenue of $337.11 million for the quarter, compared to analyst estimates of $403.84 million. F.N.B. had a return on equity of 9.98% and a net margin of 21.77%. F.N.B.’s revenue for the quarter was down 18.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 EPS. As a group, sell-side analysts expect that F.N.B. Co. will post 1.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. StockNews.com cut F.N.B. from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Raymond James increased their price target on F.N.B. from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Monday, January 22nd. Finally, Bank of America started coverage on F.N.B. in a research note on Thursday, January 11th. They set a “buy” rating and a $15.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to MarketBeat, F.N.B. has an average rating of “Hold” and a consensus price target of $14.67.

Check Out Our Latest Stock Analysis on F.N.B.

F.N.B. Profile

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

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