Fnb Corp Pa (FNB) Holder Deprince Race & Zollo INC Has Cut Its Position as Stock Price Declined

June 20, 2017 - By Louis Casey

Investors sentiment increased to 1.45 in 2016 Q4. Its up 0.02, from 1.43 in 2016Q3. It is positive, as 21 investors sold FNB shares while 66 reduced holdings. 38 funds opened positions while 88 raised stakes. 171.43 million shares or 9.07% more from 157.17 million shares in 2016Q3 were reported. 1.64 million are held by American Century. Princeton Alpha Mgmt Lp invested in 46,417 shares. Botty Investors Limited Company reported 0.26% in F.N.B. Corp (NYSE:FNB). Mason Street Advsr Ltd owns 0.04% invested in F.N.B. Corp (NYSE:FNB) for 97,395 shares. Lpl Ltd Liability Company reported 12,472 shares stake. Meeder Asset Mngmt, Ohio-based fund reported 63,453 shares. Mesirow Financial Investment Mgmt reported 1.51M shares or 1.49% of all its holdings. Voya Inv Mgmt Lc stated it has 0% in F.N.B. Corp (NYSE:FNB). Profund Advsr Ltd Liability Corporation reported 57,000 shares stake. Arizona State Retirement System accumulated 93,300 shares or 0.02% of the stock. Avalon Advisors Lc holds 0.04% of its portfolio in F.N.B. Corp (NYSE:FNB) for 77,415 shares. Moreover, State Teachers Retirement Sys has 0.01% invested in F.N.B. Corp (NYSE:FNB). Ancora Advsrs Limited Liability Com holds 58,656 shares or 0.07% of its portfolio. 11,169 are owned by Tru Of Toledo Na Oh. Waratah Advisors stated it has 67,385 shares or 0.16% of all its holdings.

Since January 25, 2017, it had 4 buys, and 2 insider sales for $485,500 activity. $309,140 worth of F.N.B. Corp (NYSE:FNB) shares were sold by MCCARTHY ROBERT J JR. 2,000 F.N.B. Corp (NYSE:FNB) shares with value of $29,674 were bought by Ellsworth Laura E. CHIAFULLO JAMES D bought $4,340 worth of stock. The insider Mencini Frank C bought $44,606. $14,260 worth of F.N.B. Corp (NYSE:FNB) was bought by HORMELL ROBERT A. GUERRIERI GARY L sold $269,240 worth of stock or 19,000 shares.

Deprince Race & Zollo Inc decreased its stake in Fnb Corp Pa (FNB) by 6.39% based on its latest 2016Q4 regulatory filing with the SEC. Deprince Race & Zollo Inc sold 277,240 shares as the company’s stock declined 13.66% while stock markets rallied. The institutional investor held 4.06M shares of the major banks company at the end of 2016Q4, valued at $65.11 million, down from 4.34 million at the end of the previous reported quarter. Deprince Race & Zollo Inc who had been investing in Fnb Corp Pa for a number of months, seems to be less bullish one the $4.43 billion market cap company. The stock declined 1.28% or $0.18 reaching $13.83 per share. About 847,858 shares traded. F.N.B. Corp (NYSE:FNB) has risen 4.28% since June 20, 2016 and is uptrending. It has underperformed by 12.42% the S&P500.

Deprince Race & Zollo Inc, which manages about $8.52B and $5.11B US Long portfolio, upped its stake in At&T Inc (NYSE:T) by 410,253 shares to 1.22M shares, valued at $51.98M in 2016Q4, according to the filing. It also increased its holding in Diebold Nxdf Inc (NYSE:DBD) by 160,472 shares in the quarter, for a total of 2.85M shares, and has risen its stake in Cardinal Health Inc (NYSE:CAH).

Investors wait F.N.B. Corp (NYSE:FNB) to report on July, 20. its quarterly earnings Wall Street analysts expect $0.24 EPS, up $0.02 or 9.09 % from last year’s $0.22 same quarter earnings. This translates into $76.93 million profit for FNB giving the stock a 14.40 P/E. This is assuming the current $0.24 EPS is accurate. F.N.B. Corp’s Wall Street analysts see 4.35 % EPS growth, taking into account the $0.23 EPS reproted in the previous quarter,

More notable recent F.N.B. Corp (NYSE:FNB) news were published by: Bizjournals.com which released: “FNB building new prototype branch in North Hills” on May 26, 2017, also Prnewswire.com with their article: “FNB Corporation to Occupy New Raleigh Regional Headquarters” published on May 23, 2017, Nasdaq.com published: “Ex-Dividend Reminder: FNB, Columbia Property Trust and Goldman Sachs Group” on May 26, 2017. More interesting news about F.N.B. Corp (NYSE:FNB) were released by: Bizjournals.com and their article: “Delie to chair FNB board” published on May 23, 2017 as well as Reuters.com‘s news article titled: “BRIEF-FNB Corp – appointed Vincent J. Delie, Jr as co’s CEO” with publication date: May 23, 2017.

F.N.B. Corp (NYSE:FNB) Ratings Coverage

Among 7 analysts covering F.N.B. Corporation (NYSE:FNB), 7 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. F.N.B. Corporation had 11 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of F.N.B. Corp (NYSE:FNB) earned “Mkt Perform” rating by FBR Capital on Friday, October 21. FBR Capital maintained F.N.B. Corp (NYSE:FNB) on Friday, July 22 with “Mkt Perform” rating. JP Morgan upgraded the stock to “Overweight” rating in Tuesday, May 23 report. FBR Capital upgraded F.N.B. Corp (NYSE:FNB) on Tuesday, December 20 to “Outperform” rating.

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