Insider Buying: F.N.B. Co. (NYSE:FNB) Director Purchases 2,500 Shares of Stock

F.N.B. Co. (NYSE:FNB - Get Free Report) Director William B. Campbell acquired 2,500 shares of the company's stock in a transaction that occurred on Tuesday, April 23rd. The shares were acquired at an average cost of $13.48 per share, for a total transaction of $33,700.00. Following the purchase, the director now directly 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. Stock Up 2.2 %

Shares of NYSE:FNB traded up $0.30 during midday trading on Tuesday, reaching $13.64. The company had a trading volume of 2,514,476 shares, compared to its average volume of 2,132,180. The business's 50 day moving average price is $13.47 and its 200 day moving average price is $12.81. F.N.B. Co. has a 1-year low of $10.09 and a 1-year high of $14.19. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.35. The stock has a market cap of $4.90 billion, a PE ratio of 11.00, a P/E/G ratio of 9.07 and a beta of 1.02.

F.N.B. (NYSE:FNB - Get Free Report) last announced its quarterly earnings data on Thursday, April 18th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. F.N.B. had a return on equity of 9.51% and a net margin of 19.73%. The company had revenue of $406.87 million for the quarter, compared to analysts' expectations of $406.96 million. During the same quarter in the prior year, the business posted $0.40 EPS. Research analysts forecast that F.N.B. Co. will post 1.45 EPS for the current fiscal year.

F.N.B. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Wednesday, March 6th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date was Tuesday, March 5th. F.N.B.'s dividend payout ratio (DPR) is presently 38.71%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FNB. Raymond James lifted their price target on shares of F.N.B. from $14.00 to $16.00 and gave the company an "outperform" rating in a research note on Monday, January 22nd. Stephens dropped their price target on F.N.B. from $16.00 to $15.00 and set an "overweight" rating on the stock in a research note on Friday. StockNews.com cut F.N.B. from a "hold" rating to a "sell" rating in a research report on Friday, February 16th. Bank of America assumed coverage on F.N.B. in a research report on Thursday, January 11th. They issued a "buy" rating and a $15.00 target price on the stock. Finally, Wells Fargo & Company upped their price target 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. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $15.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FNB. First Command Advisory Services Inc. acquired a new stake in F.N.B. during the 3rd quarter valued at $27,000. Vestor Capital LLC bought a new position in shares of F.N.B. in the fourth quarter valued at about $42,000. Clearstead Advisors LLC bought a new stake in shares of F.N.B. during the 3rd quarter worth about $36,000. Hexagon Capital Partners LLC grew its stake in 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 last quarter. Finally, Ronald Blue Trust Inc. raised its holdings in F.N.B. by 447.1% in the 3rd quarter. Ronald Blue Trust Inc. now owns 4,546 shares of the bank's stock valued at $52,000 after acquiring an additional 3,715 shares during the period. 79.25% of the stock is currently owned by institutional investors and hedge funds.

About F.N.B.

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.