Cwm LLC Has $5.39 Million Stock Holdings in F.N.B. Co. (NYSE:FNB)

CWM LLC increased its stake in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 26.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 391,059 shares of the bank's stock after acquiring an additional 81,162 shares during the quarter. CWM LLC owned about 0.11% of F.N.B. worth $5,385,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FMR LLC grew its position in F.N.B. by 6.6% during the 3rd quarter. FMR LLC now owns 13,266,361 shares of the bank's stock worth $143,144,000 after purchasing an additional 822,023 shares during the last quarter. American Century Companies Inc. grew its position in 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 worth $134,597,000 after purchasing an additional 694,059 shares during the last quarter. Wellington Management Group LLP grew 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 last quarter. Trust Co of the South purchased a new stake in shares of F.N.B. in the fourth quarter valued at about $4,720,000. Finally, Comerica Bank boosted its holdings in shares of 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 acquiring an additional 256,355 shares in the last quarter. 79.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at F.N.B.

In related news, Director William B. Campbell purchased 2,500 shares of the stock in a transaction on Monday, February 26th. The shares were bought at an average price of $13.41 per share, for a total transaction of $33,525.00. Following the completion of the acquisition, the director now directly owns 145,388 shares in the company, valued at approximately $1,949,653.08. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have purchased a total of 6,500 shares of company stock worth $87,505 over the last 90 days. Insiders own 1.22% of the company's stock.

F.N.B. Trading Up 0.2 %

FNB stock traded up $0.03 during mid-day trading on Wednesday, reaching $13.66. 2,214,026 shares of the stock traded hands, compared to its average volume of 2,133,216. The stock's fifty day moving average is $13.48 and its 200-day moving average is $12.82. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.35. The company has a market cap of $4.91 billion, a P/E ratio of 11.02, a P/E/G ratio of 9.23 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.

F.N.B. (NYSE:FNB - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $406.87 million during 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 period in the prior year, the firm earned $0.40 earnings per share. As a group, sell-side analysts expect that F.N.B. Co. will post 1.45 earnings per share for the current year.

F.N.B. Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.48 annualized dividend and a yield of 3.51%. F.N.B.'s dividend payout ratio (DPR) is presently 38.71%.

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.