F.N.B. Corp (FNB) : Wheatland Advisors Inc reduced its stake in F.N.B. Corp by 2.42% during the most recent quarter end. The investment management company now holds a total of 82,983 shares of F.N.B. Corp which is valued at $1,010,733 after selling 2,060 shares in F.N.B. Corp , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.F.N.B. Corp makes up approximately 0.53% of Wheatland Advisors Inc’s portfolio.
Other Hedge Funds, Including , Deprince Race Zollo Inc reduced its stake in FNB by selling 225,106 shares or 5.88% in the most recent quarter. The Hedge Fund company now holds 3,601,886 shares of FNB which is valued at $43,258,651. F.N.B. Corp makes up approx 0.84% of Deprince Race Zollo Inc’s portfolio.Msi Financial Services Inc reduced its stake in FNB by selling 500 shares or 4.36% in the most recent quarter. The Hedge Fund company now holds 10,969 shares of FNB which is valued at $131,738.Creative Planning reduced its stake in FNB by selling 24,361 shares or 35.17% in the most recent quarter. The Hedge Fund company now holds 44,909 shares of FNB which is valued at $583,817.
F.N.B. Corp opened for trading at $12.19 and hit $12.34 on the upside on Thursday, eventually ending the session at $12.32, with a gain of 1.15% or 0.14 points. The heightened volatility saw the trading volume jump to 32,21,920 shares. Company has a market cap of $2,585 M.
On the company’s financial health, F.N.B. Corp reported $0.22 EPS for the quarter, based on the information available during the earnings call on Jul 21, 2016. Analyst had a consensus estimate of $0.22.Analysts expectations of $ 203.92.During the same quarter in the previous year, the company posted $0.22 EPS.
Many Wall Street Analysts have commented on F.N.B. Corp. Shares were Reiterated by FBR Capital on Jul 22, 2016 to “Mkt Perform” and Lowered the Price Target to $ 13 from a previous price target of $14 .
F.N.B. Corporation is a financial holding company. The Company has four business segments: Community Banking Wealth Management Insurance and Consumer Finance. The Company also operates other non-banking subsidiaries. The Companys 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 instalment loans. The Companys Wealth Management segment delivers wealth management services to individuals corporations and retirement funds as well as existing customers of Community Banking. The Companys Insurance segment operates principally through First National Insurance Agency LLC (FNIA) which is a subsidiary of the Corporation. The Companys Consumer Finance segment operates through its subsidiary Regency Finance Company.