Valley National Advisers Has Trimmed Ppg Inds (PPG) Position by $346,293; Hamlin Capital Management Decreased Fnb Pa (FNB) Holding by $822,757 as Valuation Declined

June 13, 2018 - By Ellis Scott

F.N.B. Corporation (NYSE:FNB) Logo

Valley National Advisers Inc decreased its stake in Ppg Inds Inc (PPG) by 93.3% based on its latest 2018Q1 regulatory filing with the SEC. Valley National Advisers Inc sold 3,177 shares as the company’s stock declined 12.02% with the market. The institutional investor held 228 shares of the basic industries company at the end of 2018Q1, valued at $25,000, down from 3,405 at the end of the previous reported quarter. Valley National Advisers Inc who had been investing in Ppg Inds Inc for a number of months, seems to be less bullish one the $25.83 billion market cap company. The stock increased 0.08% or $0.08 during the last trading session, reaching $103.61. About 39,340 shares traded. PPG Industries, Inc. (NYSE:PPG) has declined 3.28% since June 13, 2017 and is downtrending. It has underperformed by 15.85% the S&P500. Some Historical PPG News: 27/04/2018 – PPG RESTRUCTURING PROGRAM WILL INCL JOB CUTS; 27/04/2018 – PPG Industries: Program to Reduce Various Global Functional and Administrative Cost; 10/05/2018 – PPG:FINL STATEMENTS FOR YR ENDED 2017 SHOULD NOT BE RELIED UPON; 27/04/2018 – PPG Industries: Sees Taking $80M-$85M Restructuring Charge in 2Q 201; 19/04/2018 – PPG DIRECTORS MAINTAINS QTRLY DIV OF 45C/SHR; 19/04/2018 – PPG Industries Audit Committee of Company’s Boars Is Overseeing Investigation; 19/04/2018 – PPG Investigating Internal Report of Accounting Violations; 10/05/2018 – PPG:ERRORS WOULD RESULT IN NET DECREASE IN INCOME FROM CONT OPS; 10/05/2018 – PPG SAYS INVESTIGATION HAS FOUND EVIDENCE IMPROPER ACCOUNTING; 19/04/2018 – PPG Industries: 2016 Restructuring Program on Track to Realize $120M Annualized Savings by 2019

Hamlin Capital Management Llc decreased its stake in Fnb Corp Pa (FNB) by 1.01% based on its latest 2018Q1 regulatory filing with the SEC. Hamlin Capital Management Llc sold 63,289 shares as the company’s stock declined 7.12% with the market. The institutional investor held 6.21M shares of the major banks company at the end of 2018Q1, valued at $83.51 million, down from 6.27 million at the end of the previous reported quarter. Hamlin Capital Management Llc who had been investing in Fnb Corp Pa for a number of months, seems to be less bullish one the $4.48B market cap company. The stock increased 0.07% or $0.01 during the last trading session, reaching $13.82. About 85,862 shares traded. F.N.B. Corporation (NYSE:FNB) has declined 0.51% since June 13, 2017 and is downtrending. It has underperformed by 13.08% the S&P500. Some Historical FNB News: 24/04/2018 – FNB Corp 1Q Net $86.8M; 19/03/2018 – FNB – LICENCE WILL ENABLE FNB TO BECOME COMPLETE INSURER, WITH THE ABILITY TO UNDERWRITE SHORT AND LONG-TERM INSURANCE TO BUSINESSES AND RETAIL CUSTOMERS; 22/04/2018 – DJ FNB Corporation, Inst Holders, 1Q 2018 (FNB); 03/04/2018 – ClinicalTrial US: EUS FNB Versus FNA With On-Site Cytopathology in Solid Pancreatic Masses; 24/04/2018 – FNB Corp Saw 1Q Growth in Total Loans of $1.1B; 20/03/2018 – FNB Corp Closes Above 50-Day Moving Average: Technicals; 24/04/2018 – FNB Corp 1Q EPS 26c; 29/05/2018 – FNB Corp Closes Below 50-Day Moving Average: Technicals; 24/04/2018 – FNB Corp 1Q Rev $294M; 06/03/2018 F.N.B. Corporation to Anchor New Charlotte Region Headquarters Building

More notable recent PPG Industries, Inc. (NYSE:PPG) news were published by: Bizjournals.com which released: “First Look: Carnegie Science Center offers sneak peek at $33M PPG Science Pavilion (Video)” on June 11, 2018, also Businesswire.com with their article: “PPG Executive to Discuss Importance of Coatings Science to Smart Mobility at SURCAR North American Congress” published on June 12, 2018, Bizjournals.com published: “PPG goes green for 2019 color of the year” on June 13, 2018. More interesting news about PPG Industries, Inc. (NYSE:PPG) were released by: Businesswire.com and their article: “PPG Receives NYSE Notice Regarding Delayed Form 10-Q Filing” published on May 22, 2018 as well as Bizjournals.com‘s news article titled: “PPG gets 6 months to file quarterly report from NYSE” with publication date: May 23, 2018.

Among 26 analysts covering PPG Industries (NYSE:PPG), 14 have Buy rating, 0 Sell and 12 Hold. Therefore 54% are positive. PPG Industries had 82 analyst reports since September 6, 2015 according to SRatingsIntel. Robert W. Baird maintained the shares of PPG in report on Friday, April 20 with “Buy” rating. RBC Capital Markets maintained PPG Industries, Inc. (NYSE:PPG) on Thursday, March 15 with “Hold” rating. The firm has “Buy” rating by Citigroup given on Monday, October 2. Citigroup maintained it with “Neutral” rating and $123 target in Tuesday, April 24 report. The rating was maintained by SunTrust with “Hold” on Friday, January 19. The rating was downgraded by Atlantic Securities on Wednesday, January 17 to “Neutral”. The firm has “Buy” rating by Robert W. Baird given on Tuesday, October 10. Robert W. Baird maintained it with “Buy” rating and $130.0 target in Thursday, December 21 report. The stock of PPG Industries, Inc. (NYSE:PPG) earned “Buy” rating by Seaport Global on Tuesday, July 26. The stock has “Buy” rating by Argus Research on Wednesday, July 5.

Valley National Advisers Inc, which manages about $555.94M and $268.95M US Long portfolio, upped its stake in Pepsico Inc (NYSE:PEP) by 3,600 shares to 27,703 shares, valued at $3.02 million in 2018Q1, according to the filing. It also increased its holding in Schwab Strategic Tr (SCHX) by 21,982 shares in the quarter, for a total of 80,853 shares, and has risen its stake in Tjx Cos Inc New (NYSE:TJX).

Analysts await PPG Industries, Inc. (NYSE:PPG) to report earnings on July, 19. They expect $1.90 earnings per share, up 3.83% or $0.07 from last year’s $1.83 per share. PPG’s profit will be $473.71 million for 13.63 P/E if the $1.90 EPS becomes a reality. After $1.39 actual earnings per share reported by PPG Industries, Inc. for the previous quarter, Wall Street now forecasts 36.69% EPS growth.

Investors sentiment decreased to 0.98 in 2018 Q1. Its down 0.02, from 1 in 2017Q4. It worsened, as 42 investors sold PPG shares while 246 reduced holdings. 66 funds opened positions while 215 raised stakes. 183.14 million shares or 1.72% less from 186.33 million shares in 2017Q4 were reported. Columbia Ptnrs L L C Investment Mgmt accumulated 24,331 shares. Signaturefd Ltd reported 2,215 shares stake. Cetera Advisor Ltd Liability Corporation invested in 8,269 shares or 0.04% of the stock. Great West Life Assurance Can holds 0.05% in PPG Industries, Inc. (NYSE:PPG) or 190,728 shares. 11,821 are owned by Montag A Assocs. Price T Rowe Md owns 2.84M shares for 0.05% of their portfolio. Motco accumulated 45,042 shares or 0.52% of the stock. State Treasurer State Of Michigan reported 74,968 shares. Boulegeris Invs stated it has 0.71% in PPG Industries, Inc. (NYSE:PPG). Chevy Chase Tru Holdings has 0.11% invested in PPG Industries, Inc. (NYSE:PPG) for 217,566 shares. Voya Ltd Liability Com has 0.02% invested in PPG Industries, Inc. (NYSE:PPG) for 92,755 shares. Honeywell Intl stated it has 114,100 shares. Capital One Natl Association holds 0.03% or 4,370 shares. Howe & Rusling owns 3,300 shares for 0.07% of their portfolio. Edgestream Prns Lp reported 4,374 shares or 0.1% of all its holdings.

Since February 22, 2018, it had 0 buys, and 1 sale for $1.10 million activity.

Analysts await F.N.B. Corporation (NYSE:FNB) to report earnings on July, 19. They expect $0.27 earnings per share, up 17.39% or $0.04 from last year’s $0.23 per share. FNB’s profit will be $87.45 million for 12.80 P/E if the $0.27 EPS becomes a reality. After $0.26 actual earnings per share reported by F.N.B. Corporation for the previous quarter, Wall Street now forecasts 3.85% EPS growth.

Since February 1, 2018, it had 17 insider purchases, and 1 sale for $751,667 activity. $55,026 worth of F.N.B. Corporation (NYSE:FNB) shares were bought by Mencini Frank C. 4,070 F.N.B. Corporation (NYSE:FNB) shares with value of $55,026 were bought by MALONE DAVID J. STANIK JOHN S had bought 4,070 shares worth $55,026 on Thursday, May 17. Shares for $50,024 were bought by Dively Mary Jo. GURGOVITS STEPHEN J also bought $55,026 worth of F.N.B. Corporation (NYSE:FNB) on Thursday, May 17. DELIE VINCENT J JR also bought $55,026 worth of F.N.B. Corporation (NYSE:FNB) shares.

Among 11 analysts covering F.N.B. Corporation (NYSE:FNB), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. F.N.B. Corporation had 32 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Buy” rating by Jefferies given on Wednesday, April 25. The company was maintained on Wednesday, January 24 by Jefferies. The firm has “Mkt Perform” rating by FBR Capital given on Friday, July 22. SunTrust maintained the stock with “Buy” rating in Monday, January 8 report. The firm has “Hold” rating by Keefe Bruyette & Woods given on Monday, June 5. Keefe Bruyette & Woods maintained it with “Hold” rating and $15.5 target in Friday, September 22 report. Keefe Bruyette & Woods maintained F.N.B. Corporation (NYSE:FNB) on Thursday, October 19 with “Hold” rating. The stock of F.N.B. Corporation (NYSE:FNB) earned “Buy” rating by Jefferies on Friday, June 9. RBC Capital Markets maintained the stock with “Hold” rating in Tuesday, April 24 report. Keefe Bruyette & Woods maintained it with “Hold” rating and $15.0 target in Tuesday, October 3 report.

More important recent F.N.B. Corporation (NYSE:FNB) news were published by: Seekingalpha.com which released: “FNB Corp. to shed consumer finance unit, consolidate retail branches” on June 07, 2018, also Prnewswire.com published article titled: “FNB Corporation Receives 2018 President’s “E” Award for Export Service”, Prnewswire.com published: “FNB Corporation Declares Dividend of 12 Cents on Common Stock and Announces Election of Directors” on May 16, 2018. More interesting news about F.N.B. Corporation (NYSE:FNB) was released by: Prnewswire.com and their article: “FNB Corporation Donates $25000 to Aid Ellicott City Flood Relief Efforts” with publication date: June 11, 2018.

Hamlin Capital Management Llc, which manages about $2.70 billion and $2.59B US Long portfolio, upped its stake in Eqt Midstream Partners Lp (NYSE:EQM) by 34,562 shares to 1.17 million shares, valued at $68.91M in 2018Q1, according to the filing. It also increased its holding in Nielsen Hldgs Plc by 483,826 shares in the quarter, for a total of 2.38 million shares, and has risen its stake in Exxon Mobil Corp (NYSE:XOM).

PPG Industries, Inc. (NYSE:PPG) Institutional Positions Chart

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