Wedge Capital Management L L P NC Buys 18,151 Shares of F.N.B. Co. (NYSE:FNB)

Wedge Capital Management L L P NC lifted its stake in F.N.B. Co. (NYSE:FNB) by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 366,186 shares of the bank’s stock after buying an additional 18,151 shares during the period. Wedge Capital Management L L P NC owned about 0.10% of F.N.B. worth $5,042,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. AE Wealth Management LLC acquired a new stake in shares of F.N.B. during the 3rd quarter worth approximately $203,000. HGK Asset Management Inc. grew its holdings in shares of F.N.B. by 35.6% during the 3rd quarter. HGK Asset Management Inc. now owns 41,814 shares of the bank’s stock worth $451,000 after purchasing an additional 10,970 shares in the last quarter. Accurate Wealth Management LLC grew its holdings in shares of F.N.B. by 6.3% during the 3rd quarter. Accurate Wealth Management LLC now owns 36,811 shares of the bank’s stock worth $415,000 after purchasing an additional 2,169 shares in the last quarter. Dakota Wealth Management grew its holdings in shares of F.N.B. by 4.3% during the 3rd quarter. Dakota Wealth Management now owns 32,691 shares of the bank’s stock worth $353,000 after purchasing an additional 1,356 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of F.N.B. by 8.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,933 shares of the bank’s stock worth $765,000 after purchasing an additional 5,621 shares in the last quarter. Institutional investors own 79.25% of the company’s stock.

F.N.B. Trading Up 0.2 %

Shares of FNB opened at $13.66 on Thursday. The company has a market cap of $4.91 billion, a price-to-earnings ratio of 11.02, a PEG ratio of 9.60 and a beta of 1.02. F.N.B. Co. has a 52-week low of $10.09 and a 52-week high of $14.19. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.91 and a current ratio of 0.92. The stock has a fifty day moving average price of $13.48 and a two-hundred day moving average price of $12.82.

F.N.B. (NYSE:FNB) last released its earnings results on Thursday, April 18th. The bank reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The company had revenue of $406.87 million during the quarter, compared to the consensus estimate of $406.96 million. F.N.B. had a return on equity of 9.51% and a net margin of 19.73%. During the same quarter in the previous year, the company posted $0.40 earnings per share. Analysts predict that F.N.B. Co. will post 1.42 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Wednesday, March 6th were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.51%. F.N.B.’s payout ratio is currently 38.71%.

Insider Transactions at F.N.B.

In other news, Director William B. Campbell bought 2,500 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was bought at an average price of $13.48 per share, for a total transaction of $33,700.00. Following the completion of the transaction, the director now directly owns 149,458 shares in the company, valued at approximately $2,014,693.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought a total of 6,500 shares of company stock worth $87,505 over the last 90 days. 1.03% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on FNB. Stephens cut their target price on F.N.B. from $16.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Wells Fargo & Company raised their target price on F.N.B. from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Bank of America initiated coverage on F.N.B. in a research report on Thursday, January 11th. They issued a “buy” rating and a $15.00 price objective for the company. Raymond James lifted their price objective on F.N.B. from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Monday, January 22nd. Finally, StockNews.com downgraded F.N.B. from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

F.N.B. Company Profile

F.N.B. Corporation, a bank and financial holding company, provides a range of financial products and services primarily to consumers, corporations, governments, and small- to medium-sized businesses in the United States. The company operates through three segments: Community Banking, Wealth Management, and Insurance.