Trexquant Investment LP Grows Stake in F.N.B. Corp (NYSE:FNB)

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Trexquant Investment LP lifted its stake in shares of F.N.B. Corp (NYSE:FNB) by 32.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 150,241 shares of the bank’s stock after acquiring an additional 36,878 shares during the quarter. Trexquant Investment LP’s holdings in F.N.B. were worth $1,593,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc raised its stake in shares of F.N.B. by 1.7% during the 3rd quarter. Vanguard Group Inc now owns 29,783,874 shares of the bank’s stock worth $378,851,000 after buying an additional 488,170 shares during the period. Advisors Asset Management Inc. raised its stake in shares of F.N.B. by 32.3% during the 4th quarter. Advisors Asset Management Inc. now owns 31,866 shares of the bank’s stock worth $314,000 after buying an additional 7,785 shares during the period. Rhumbline Advisers raised its stake in shares of F.N.B. by 51.6% during the 4th quarter. Rhumbline Advisers now owns 823,138 shares of the bank’s stock worth $8,100,000 after buying an additional 280,000 shares during the period. SG Americas Securities LLC raised its stake in shares of F.N.B. by 59.3% during the 4th quarter. SG Americas Securities LLC now owns 109,568 shares of the bank’s stock worth $1,078,000 after buying an additional 40,779 shares during the period. Finally, Dupont Capital Management Corp acquired a new position in shares of F.N.B. during the 4th quarter worth approximately $285,000. Institutional investors own 76.08% of the company’s stock.

In other news, Director Mary Jo Dively acquired 4,000 shares of F.N.B. stock in a transaction that occurred on Monday, May 6th. The stock was purchased at an average cost of $12.36 per share, with a total value of $49,440.00. Following the purchase, the director now owns 21,900 shares in the company, valued at $270,684. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.59% of the stock is currently owned by corporate insiders.

Several research firms recently commented on FNB. Boenning Scattergood reissued a “buy” rating and issued a $13.00 price objective on shares of F.N.B. in a research note on Thursday, April 25th. Zacks Investment Research raised F.N.B. from a “sell” rating to a “hold” rating in a research note on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. F.N.B. presently has a consensus rating of “Hold” and an average target price of $14.75.

NYSE FNB traded down $0.07 during mid-day trading on Friday, hitting $11.36. The stock had a trading volume of 28,253 shares, compared to its average volume of 1,726,247. F.N.B. Corp has a twelve month low of $9.35 and a twelve month high of $14.16. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market cap of $3.73 billion, a P/E ratio of 10.05, a P/E/G ratio of 1.03 and a beta of 1.26.

F.N.B. (NYSE:FNB) last posted its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.02. F.N.B. had a return on equity of 8.50% and a net margin of 25.54%. The firm had revenue of $296.00 million during the quarter, compared to the consensus estimate of $298.73 million. During the same period in the prior year, the company earned $0.26 EPS. The firm’s revenue was up .7% compared to the same quarter last year. As a group, sell-side analysts predict that F.N.B. Corp will post 1.17 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Friday, May 31st will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.23%. The ex-dividend date of this dividend is Thursday, May 30th. F.N.B.’s dividend payout ratio is currently 42.48%.

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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 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.

Further Reading: What is a capital gain?

Want to see what other hedge funds are holding FNB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for F.N.B. Corp (NYSE:FNB).

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

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