Hedge Funds Are Selling F.N.B. Corp (FNB)

F.N.B. Corp (NYSE:FNB) was in 4 hedge funds’ portfolio at the end of the first quarter of 2013. FNB has experienced a decrease in activity from the world’s largest hedge funds of late. There were 7 hedge funds in our database with FNB holdings at the end of the previous quarter.

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Now, let’s take a peek at the recent action regarding F.N.B. Corp (NYSE:FNB).

How have hedgies been trading F.N.B. Corp (NYSE:FNB)?

At the end of the first quarter, a total of 4 of the hedge funds we track were bullish in this stock, a change of -43% from one quarter earlier.

Due to the fact that F.N.B. Corp (NYSE:FNB) has faced falling interest from the entirety of the hedge funds we track, it’s safe to say that there is a sect of hedgies who sold off their entire stakes in Q1. At the top of the heap, Matthew Tewksbury’s Stevens Capital Management dropped the biggest investment of the 450+ funds we key on, totaling close to $0.3 million in stock. D. E. Shaw’s fund, D E Shaw, also dumped its stock, about $0.2 million worth. These transactions are interesting, as total hedge fund interest was cut by 3 funds in Q1.

What do corporate executives and insiders think about F.N.B. Corp (NYSE:FNB)?

Insider buying is particularly usable when the company in focus has experienced transactions within the past six months. Over the last half-year time frame, F.N.B. Corp (NYSE:FNB) has seen zero unique insiders buying, and 3 insider sales (see the details of insider trades here).

Let’s also examine hedge fund and insider activity in other stocks similar to F.N.B. Corp (NYSE:FNB). These stocks are IBERIABANK Corporation (NASDAQ:IBKC), EverBank Financial Corp (NYSE:EVER), BancorpSouth, Inc. (NYSE:BXS), Bank Of The Ozarks Inc (NASDAQ:OZRK), and Trustmark Corp (NASDAQ:TRMK). This group of stocks belong to the regional – southeast banks industry and their market caps resemble FNB’s market cap.