F.N.B. Co. (NYSE:FNB) Shares Sold by LSV Asset Management

LSV Asset Management lowered its stake in shares of F.N.B. Co. (NYSE:FNB) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,760,600 shares of the bank’s stock after selling 126,424 shares during the period. LSV Asset Management owned approximately 0.77% of F.N.B. worth $38,013,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FNB. FMR LLC raised its holdings in F.N.B. by 6.6% in the third quarter. FMR LLC now owns 13,266,361 shares of the bank’s stock valued at $143,144,000 after buying an additional 822,023 shares during the period. American Century Companies Inc. lifted its holdings in shares of F.N.B. by 5.9% during the 3rd quarter. American Century Companies Inc. now owns 12,474,225 shares of the bank’s stock valued at $134,597,000 after acquiring an additional 694,059 shares in the last quarter. Wellington Management Group LLP boosted its position in F.N.B. by 20.3% during the 3rd quarter. Wellington Management Group LLP now owns 2,449,816 shares of the bank’s stock worth $26,434,000 after purchasing an additional 413,698 shares during the period. Trust Co of the South purchased a new position in F.N.B. in the fourth quarter valued at about $4,720,000. Finally, Comerica Bank raised its position in F.N.B. by 110.9% in the third quarter. Comerica Bank now owns 487,449 shares of the bank’s stock valued at $5,260,000 after purchasing an additional 256,355 shares during the period. Institutional investors and hedge funds own 79.25% of the company’s stock.

F.N.B. Trading Up 1.1 %

FNB opened at $13.79 on Monday. The stock has a market capitalization of $4.96 billion, a PE ratio of 11.12, a P/E/G ratio of 9.76 and a beta of 1.00. 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 firm’s fifty day moving average price is $13.50 and its 200 day moving average price is $12.96.

F.N.B. (NYSE:FNB) last announced its quarterly earnings data on Thursday, April 18th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. The firm had revenue of $406.87 million for the quarter, compared to analysts’ expectations 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 prior year, the firm posted $0.40 earnings per share. As a group, research analysts expect that F.N.B. Co. will post 1.41 EPS for the current fiscal year.

F.N.B. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Thursday, June 6th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend is Thursday, June 6th. F.N.B.’s dividend payout ratio (DPR) is 38.71%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Bank of America initiated coverage on F.N.B. in a report on Thursday, January 11th. They set a “buy” rating and a $15.00 target price on the stock. Stephens reduced their target price on shares of F.N.B. from $16.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. Wells Fargo & Company raised their price target on shares of F.N.B. from $14.00 to $16.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. Raymond James boosted their price objective on shares of F.N.B. from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Monday, January 22nd. Finally, StockNews.com cut shares of 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Insider Buying and Selling at F.N.B.

In other F.N.B. news, Director William B. Campbell purchased 2,500 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was bought at an average price of $13.48 per share, with a total value of $33,700.00. Following the completion of the purchase, the director now owns 149,458 shares in the company, valued at approximately $2,014,693.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders bought 6,500 shares of company stock valued at $87,505 in the last ninety days. Company insiders own 1.22% of the company’s stock.

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.