Louisiana State Employees Retirement System Acquires New Shares in F.N.B. Co. (NYSE:FNB)

Louisiana State Employees Retirement System acquired a new stake in shares of F.N.B. Co. (NYSE:FNB - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 100,800 shares of the bank's stock, valued at approximately $1,388,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. First Command Advisory Services Inc. purchased a new position in shares of F.N.B. in the 3rd quarter worth $27,000. Clearstead Advisors LLC acquired a new stake in F.N.B. in the 3rd quarter valued at $36,000. Ronald Blue Trust Inc. increased 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 purchasing an additional 3,715 shares in the last quarter. Blue Trust Inc. increased its holdings in F.N.B. by 56.2% in the 4th quarter. Blue Trust Inc. now owns 7,099 shares of the bank's stock valued at $98,000 after purchasing an additional 2,553 shares in the last quarter. Finally, Anchor Investment Management LLC acquired a new stake in F.N.B. in the 4th quarter valued at $110,000. 79.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FNB shares. Raymond James raised their target price on F.N.B. from $14.00 to $16.00 and gave the company an "outperform" rating in a research note on Monday, January 22nd. Wells Fargo & Company raised their target price on F.N.B. from $14.00 to $16.00 and gave the company an "overweight" rating in a research note on Wednesday, April 10th. StockNews.com downgraded F.N.B. from a "hold" rating to a "sell" rating in a research note on Friday, February 16th. Bank of America started coverage on F.N.B. in a research note on Thursday, January 11th. They set a "buy" rating and a $15.00 target price for the company. Finally, 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. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $15.00.

F.N.B. Stock Up 1.7 %

NYSE:FNB traded up $0.22 during mid-day trading on Monday, reaching $13.35. The stock had a trading volume of 1,907,067 shares, compared to its average volume of 2,127,217. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of 10.77, a price-to-earnings-growth ratio of 9.07 and a beta of 1.02. F.N.B. Co. has a 1-year low of $10.09 and a 1-year high of $14.19. The stock's 50 day simple moving average is $13.45 and its two-hundred day simple moving average is $12.79. 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. (NYSE:FNB - Get Free Report) last posted its quarterly earnings results on Thursday, April 18th. The bank reported $0.34 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 business had revenue of $406.87 million during the quarter, compared to the consensus estimate of $406.96 million. During the same period last year, the firm earned $0.40 earnings per share. Equities analysts anticipate that F.N.B. Co. will post 1.45 EPS for the current year.

F.N.B. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Wednesday, March 6th were issued a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.48 dividend on an annualized basis and a yield of 3.60%. F.N.B.'s dividend payout ratio is currently 38.71%.

Insiders Place Their Bets

In other F.N.B. news, Director William B. Campbell bought 2,500 shares of the business's stock in a transaction on Monday, February 26th. The shares were purchased at an average price of $13.41 per share, with a total value of $33,525.00. Following the completion of the acquisition, the director now directly owns 145,388 shares of the company's stock, valued at approximately $1,949,653.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.22% of the stock is currently owned by corporate insiders.

F.N.B. 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.