Federated Hermes Inc. boosted its position in F.N.B. Co. (NYSE:FNB - Free Report) by 31.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 378,727 shares of the bank's stock after purchasing an additional 89,637 shares during the period. Federated Hermes Inc. owned about 0.11% of F.N.B. worth $5,215,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Command Advisory Services Inc. purchased a new stake in F.N.B. in the 3rd quarter valued at about $27,000. Clearstead Advisors LLC purchased a new stake in shares of F.N.B. during the 3rd quarter worth approximately $36,000. Blue Trust Inc. increased its stake in shares of F.N.B. by 56.2% during the 4th quarter. Blue Trust Inc. now owns 7,099 shares of the bank's stock worth $98,000 after purchasing an additional 2,553 shares during the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of F.N.B. during the 3rd quarter worth approximately $109,000. Finally, Anchor Investment Management LLC purchased a new stake in shares of F.N.B. during the 4th quarter worth approximately $110,000. Hedge funds and other institutional investors own 79.25% of the company's stock.
Insider Buying and Selling at F.N.B.
In related news, Director William B. Campbell acquired 2,500 shares of the company's stock in a transaction dated Monday, February 26th. The stock was bought at an average cost of $13.41 per share, with a total value of $33,525.00. Following the acquisition, the director now 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 can be accessed through the SEC website. Insiders bought a total of 6,500 shares of company stock valued at $87,505 in the last three months. Company insiders own 1.03% of the company's stock.
F.N.B. Stock Performance
FNB traded up $0.12 on Friday, hitting $13.74. The company's stock had a trading volume of 3,685,023 shares, compared to its average volume of 2,158,399. The company's 50 day simple moving average is $13.48 and its 200-day simple moving average is $12.84. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.35. F.N.B. Co. has a 12 month low of $10.09 and a 12 month high of $14.19. The firm has a market cap of $4.94 billion, a P/E ratio of 11.08, a price-to-earnings-growth ratio of 9.63 and a beta of 1.02.
F.N.B. (NYSE:FNB - Get Free Report) last announced its quarterly earnings results on Thursday, April 18th. The bank reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. F.N.B. had a net margin of 19.73% and a return on equity of 9.51%. The firm 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 EPS. Analysts forecast that F.N.B. Co. will post 1.42 EPS for the current year.
F.N.B. Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Wednesday, March 6th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.49%. The ex-dividend date was Tuesday, March 5th. F.N.B.'s payout ratio is 38.71%.
Analyst Ratings Changes
Several brokerages have recently issued reports on FNB. Bank of America began coverage on shares of F.N.B. in a research note on Thursday, January 11th. They set a "buy" rating and a $15.00 price target for the company. Wells Fargo & Company raised their price target on shares of F.N.B. from $14.00 to $16.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 10th. Raymond James raised their price target on shares of F.N.B. from $14.00 to $16.00 and gave the stock an "outperform" rating in a research note on Monday, January 22nd. Stephens cut 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 report on Friday, April 19th. Finally, StockNews.com downgraded shares of F.N.B. from a "hold" rating to a "sell" rating in a report on Friday, February 16th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $15.00.
Get Our Latest Report on F.N.B.
F.N.B. Company Profile
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Free Report)
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.
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