F.N.B. Co. (NYSE:FNB) Stock Position Cut by PL Capital Advisors LLC

PL Capital Advisors LLC decreased its stake in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 5.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,676,765 shares of the bank's stock after selling 100,000 shares during the quarter. F.N.B. accounts for about 8.0% of PL Capital Advisors LLC's investment portfolio, making the stock its 4th biggest position. PL Capital Advisors LLC owned about 0.47% of F.N.B. worth $23,089,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Command Advisory Services Inc. bought a new position in shares of F.N.B. during the 3rd quarter worth about $27,000. Clearstead Advisors LLC bought a new position in shares of F.N.B. during the 3rd quarter worth about $36,000. Blue Trust Inc. boosted its position 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 valued at $98,000 after acquiring an additional 2,553 shares in the last quarter. Anchor Investment Management LLC acquired a new stake in shares of F.N.B. during the 4th quarter valued at about $110,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in shares of F.N.B. during the 3rd quarter valued at about $109,000. Institutional investors own 79.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on FNB shares. 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 research report on Wednesday, April 10th. Stephens decreased 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. Raymond James boosted 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 report on Monday, January 22nd. Bank of America initiated coverage on shares of F.N.B. in a research report on Thursday, January 11th. They issued a "buy" rating and a $15.00 price target on the stock. Finally, StockNews.com lowered shares of F.N.B. from a "hold" rating to a "sell" rating in a research 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 company's stock. According to data from MarketBeat, F.N.B. currently has a consensus rating of "Moderate Buy" and an average target price of $15.00.

Insider Transactions at F.N.B.

In other F.N.B. news, Director William B. Campbell bought 2,500 shares of F.N.B. stock in a transaction on Monday, February 26th. The shares were purchased at an average cost of $13.41 per share, for a total transaction of $33,525.00. Following the completion of the acquisition, the director now owns 145,388 shares in the company, valued at approximately $1,949,653.08. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have bought a total of 6,500 shares of company stock valued at $87,505 over the last three months. 1.03% of the stock is currently owned by corporate insiders.

F.N.B. Price Performance

Shares of FNB stock traded up $0.12 during trading hours on Friday, reaching $13.74. 3,685,023 shares of the company were exchanged, compared to its average volume of 2,037,731. F.N.B. Co. has a fifty-two week low of $10.09 and a fifty-two week high of $14.19. The stock's fifty day moving average is $13.48 and its two-hundred day moving average is $12.87. The company has a market cap of $4.94 billion, a price-to-earnings ratio of 11.08, a P/E/G ratio of 9.68 and a beta of 1.02. 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 earnings per share 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 the consensus estimate 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 previous year, the firm posted $0.40 earnings per share. Sell-side analysts forecast that F.N.B. Co. will post 1.42 earnings per share for the current fiscal year.

F.N.B. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Wednesday, March 6th were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.49%. F.N.B.'s dividend payout ratio is 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.