First National Trust Co Lowers stake in F.N.B. Corp (FNB)

F.N.B. Corp (FNB) : First National Trust Co reduced its stake in F.N.B. Corp by 2.2% during the most recent quarter end. The investment management company now holds a total of 1,569,503 shares of F.N.B. Corp which is valued at $19,634,483 after selling 35,347 shares in F.N.B. Corp , the firm said in a disclosure report filed with the SEC on May 9, 2016.F.N.B. Corp makes up approximately 3.03% of First National Trust Co’s portfolio.

Other Hedge Funds, Including , Alpine Woods Capital Investors added FNB to its portfolio by purchasing 12,000 company shares during the most recent quarter which is valued at $150,120. F.N.B. Corp makes up approx 0.01% of Alpine Woods Capital Investors’s portfolio. Evercore Wealth Management sold out all of its stake in FNB during the most recent quarter. The investment firm sold 320 shares of FNB which is valued $4,067.Glenmede Trust Co Na reduced its stake in FNB by selling 436,908 shares or 15.68% in the most recent quarter. The Hedge Fund company now holds 2,348,628 shares of FNB which is valued at $31,048,862. F.N.B. Corp makes up approx 0.20% of Glenmede Trust Co Na’s portfolio. Conning sold out all of its stake in FNB during the most recent quarter. The investment firm sold 27,370 shares of FNB which is valued $361,831.

F.N.B. Corp closed down -0.24 points or -1.88% at $12.51 with 10,22,850 shares getting traded on Friday. Post opening the session at $12.72, the shares hit an intraday low of $12.46 and an intraday high of $12.86 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, F.N.B. Corp reported $0.21 EPS for the quarter, based on the information available during the earnings call on Apr 22, 2016. Analyst had a consensus estimate of $0.21.Analysts expectations of $ 189.15.During the same quarter in the previous year, the company posted $0.22 EPS.

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 Company’s 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 Company’s Wealth Management segment delivers wealth management services to individuals corporations and retirement funds as well as existing customers of Community Banking. The Company’s Insurance segment operates principally through First National Insurance Agency LLC (FNIA) which is a subsidiary of the Corporation. The Company’s Consumer Finance segment operates through its subsidiary Regency Finance Company.

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