F.N.B. Co. (NYSE:FNB) Shares Sold by LSV Asset Management

LSV Asset Management cut its stake in F.N.B. Co. (NYSE:FNB - Free Report) by 4.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,760,600 shares of the bank's stock after selling 126,424 shares during the period. LSV Asset Management owned 0.77% of F.N.B. worth $38,013,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of FNB. FMR LLC raised its stake in shares of F.N.B. by 6.6% in the third 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. raised 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 buying an additional 694,059 shares during the last quarter. Wellington Management Group LLP lifted its stake 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 valued at $26,434,000 after acquiring an additional 413,698 shares during the period. Trust Co of the South acquired a new stake in shares of F.N.B. in the fourth quarter worth $4,720,000. Finally, Comerica Bank increased its stake 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 worth $5,260,000 after acquiring an additional 256,355 shares during the period. Hedge funds and other institutional investors own 79.25% of the company's stock.

Insider Transactions at F.N.B.

In other F.N.B. news, Director William B. Campbell bought 2,500 shares of the company's stock in a transaction dated Tuesday, April 23rd. The stock was acquired at an average price of $13.48 per share, with a total value of $33,700.00. Following the completion of the acquisition, the director now directly owns 149,458 shares of the company's stock, valued at $2,014,693.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have bought 6,500 shares of company stock valued at $87,505 over the last ninety days. Insiders own 1.22% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on FNB. StockNews.com lowered shares of F.N.B. from a "hold" rating to a "sell" rating in a report on Friday, February 16th. Wells Fargo & Company lifted their price target on 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 lowered their price objective on 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. Bank of America began coverage on shares of F.N.B. in a report on Thursday, January 11th. They set a "buy" rating and a $15.00 target price for the company. Finally, Raymond James increased their price target on shares of F.N.B. from $14.00 to $16.00 and gave the stock an "outperform" rating in a report on Monday, January 22nd. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat, F.N.B. presently has an average rating of "Moderate Buy" and an average target price of $15.00.

F.N.B. Price Performance

Shares of NYSE:FNB traded up $0.16 during midday trading on Monday, reaching $13.95. 1,536,624 shares of the company's stock traded hands, compared to its average volume of 2,200,207. The company has a market cap of $5.01 billion, a P/E ratio of 11.25, a PEG ratio of 9.76 and a beta of 1.00. The company has a fifty day simple moving average of $13.50 and a two-hundred day simple moving average of $12.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.91 and a current ratio of 0.92. F.N.B. Co. has a 1 year low of $10.24 and a 1 year high of $14.19.

F.N.B. (NYSE:FNB - Get Free Report) last announced its earnings results on Thursday, April 18th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. The business had revenue of $406.87 million for 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 quarter last year, the business earned $0.40 earnings per share. Equities analysts predict that F.N.B. Co. will post 1.41 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Thursday, June 6th will be given a $0.12 dividend. The ex-dividend date is Thursday, June 6th. This represents a $0.48 annualized dividend and a dividend yield of 3.44%. 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.