F.N.B. Co. (NYSE:FNB) Director William B. Campbell Buys 2,500 Shares

F.N.B. Co. (NYSE:FNB) Director William B. Campbell bought 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were bought at an average price of $13.48 per share, for a total transaction of $33,700.00. Following the completion of the acquisition, the director now owns 149,458 shares in the company, valued at approximately $2,014,693.84. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

F.N.B. Trading Down 0.4 %

NYSE FNB opened at $13.62 on Friday. The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of 10.98, a price-to-earnings-growth ratio of 9.60 and a beta of 1.02. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.92 and a quick ratio of 0.91. F.N.B. Co. has a 12 month low of $10.09 and a 12 month high of $14.19. The company’s fifty day moving average price is $13.48 and its two-hundred day moving average price is $12.82.

F.N.B. (NYSE:FNB) last issued its earnings results on Thursday, April 18th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $406.87 million for the quarter, compared to analyst estimates of $406.96 million. F.N.B. had a net margin of 19.73% and a return on equity of 9.51%. During the same quarter in the prior year, the business posted $0.40 EPS. As a group, research analysts predict that F.N.B. Co. will post 1.42 earnings per share 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. Shareholders of record on Wednesday, March 6th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date was Tuesday, March 5th. F.N.B.’s dividend payout ratio is presently 38.71%.

Institutional Investors Weigh In On F.N.B.

A number of institutional investors have recently made changes to their positions in FNB. First Command Advisory Services Inc. bought a new position in F.N.B. during the third quarter worth $27,000. Clearstead Advisors LLC acquired a new stake in shares of F.N.B. during the third quarter worth $36,000. Vestor Capital LLC acquired a new stake in shares of F.N.B. during the fourth quarter worth $42,000. Ronald Blue Trust Inc. lifted its position in shares of F.N.B. by 447.1% in the 3rd quarter. Ronald Blue Trust Inc. now owns 4,546 shares of the bank’s stock worth $52,000 after buying an additional 3,715 shares during the last quarter. Finally, Hexagon Capital Partners LLC boosted its holdings in shares of F.N.B. by 272.9% in the 4th quarter. Hexagon Capital Partners LLC now owns 3,882 shares of the bank’s stock valued at $53,000 after buying an additional 2,841 shares during the period. 79.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FNB. Raymond James increased their price objective on shares of F.N.B. from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Monday, January 22nd. Bank of America started coverage on shares of F.N.B. in a report on Thursday, January 11th. They set a “buy” rating and a $15.00 price target for the company. Wells Fargo & Company boosted their price objective on shares of F.N.B. from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Stephens lowered their target price on F.N.B. from $16.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday, April 19th. Finally, StockNews.com cut F.N.B. from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.