Bank of Montreal Can Buys 22,751 Shares of F.N.B. Corp (NYSE:FNB)
Bank of Montreal Can boosted its position in shares of F.N.B. Corp (NYSE:FNB) by 67.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 56,238 shares of the bank’s stock after acquiring an additional 22,751 shares during the quarter. Bank of Montreal Can’s holdings in F.N.B. were worth $716,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Qube Research & Technologies Ltd acquired a new stake in F.N.B. during the 2nd quarter worth about $124,000. ING Groep NV acquired a new stake in F.N.B. during the 2nd quarter worth about $136,000. Lourd Capital LLC purchased a new position in shares of F.N.B. during the 3rd quarter valued at about $131,000. First Allied Advisory Services Inc. purchased a new position in shares of F.N.B. during the 2nd quarter valued at about $155,000. Finally, Advisors Asset Management Inc. raised its stake in shares of F.N.B. by 166.8% during the 2nd quarter. Advisors Asset Management Inc. now owns 15,828 shares of the bank’s stock valued at $212,000 after buying an additional 9,895 shares during the last quarter. 79.89% of the stock is owned by institutional investors.
In related news, Chairman Vincent J. Delie, Jr. bought 6,500 shares of the stock in a transaction dated Friday, October 26th. The shares were acquired at an average cost of $11.21 per share, for a total transaction of $72,865.00. Following the acquisition, the chairman now directly owns 262,829 shares in the company, valued at approximately $2,946,313.09. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Barry C. Robinson bought 2,500 shares of the stock in a transaction dated Friday, October 26th. The shares were bought at an average price of $11.21 per share, for a total transaction of $28,025.00. Following the completion of the acquisition, the insider now owns 36,552 shares in the company, valued at $409,747.92. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 22,500 shares of company stock valued at $257,895. 0.63% of the stock is owned by company insiders.
Shares of F.N.B. stock traded down $0.06 on Friday, hitting $11.25. The company’s stock had a trading volume of 3,153,154 shares, compared to its average volume of 1,903,345. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.14. F.N.B. Corp has a 1 year low of $11.03 and a 1 year high of $14.91. The firm has a market cap of $3.67 billion, a PE ratio of 12.10, a P/E/G ratio of 1.08 and a beta of 0.93.
F.N.B. (NYSE:FNB) last announced its quarterly earnings results on Tuesday, October 23rd. The bank reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. F.N.B. had a return on equity of 8.03% and a net margin of 20.94%. The firm had revenue of $309.60 million during the quarter, compared to analyst estimates of $313.18 million. During the same quarter in the previous year, the business earned $0.24 EPS. F.N.B.’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, sell-side analysts expect that F.N.B. Corp will post 1.11 EPS for the current year.
The company 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 dividend of $0.12 per share. The ex-dividend date is Friday, November 30th. This represents a $0.48 annualized dividend and a yield of 4.27%. F.N.B.’s dividend payout ratio (DPR) is currently 51.61%.
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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 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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