Los Angeles Capital Management LLC Invests $1.12 Million in F.N.B. Co. (NYSE:FNB)

Los Angeles Capital Management LLC acquired a new position in shares of F.N.B. Co. (NYSE:FNB - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 81,154 shares of the bank's stock, valued at approximately $1,117,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of F.N.B. by 8.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,933 shares of the bank's stock worth $765,000 after purchasing an additional 5,621 shares during the period. Advisor Partners II LLC lifted its holdings in shares of F.N.B. by 45.1% during the third quarter. Advisor Partners II LLC now owns 18,977 shares of the bank's stock worth $205,000 after buying an additional 5,895 shares in the last quarter. Inspire Investing LLC boosted its position in shares of F.N.B. by 3.8% in the third quarter. Inspire Investing LLC now owns 28,415 shares of the bank's stock valued at $307,000 after acquiring an additional 1,045 shares during the period. Watershed Asset Management L.L.C. grew its stake in shares of F.N.B. by 12.1% in the third quarter. Watershed Asset Management L.L.C. now owns 22,368 shares of the bank's stock valued at $241,000 after acquiring an additional 2,417 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its position in F.N.B. by 5.4% during the third quarter. Teacher Retirement System of Texas now owns 101,059 shares of the bank's stock worth $1,090,000 after acquiring an additional 5,166 shares during the period. 79.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on FNB shares. 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 lifted their price objective on 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 increased their target price on F.N.B. from $14.00 to $16.00 and gave the stock an "overweight" rating in a report on Wednesday, April 10th. Bank of America started coverage on F.N.B. in a research note on Thursday, January 11th. They issued a "buy" rating and a $15.00 price target for the company. Finally, StockNews.com downgraded shares of F.N.B. from a "hold" rating to a "sell" rating in a research note on Friday, February 16th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $15.00.

F.N.B. Price Performance

Shares of F.N.B. stock traded down $0.01 during trading on Thursday, reaching $13.96. 1,810,195 shares of the company's stock were exchanged, compared to its average volume of 2,187,758. The firm's 50-day moving average price is $13.54 and its 200 day moving average price is $13.02. The company has a market cap of $5.02 billion, a P/E ratio of 11.26, a PEG ratio of 9.76 and a beta of 1.00. 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 posted its quarterly earnings results on Thursday, April 18th. The bank reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. The company had revenue of $406.87 million for 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 last year, the company posted $0.40 EPS. As a group, research analysts anticipate that F.N.B. Co. will post 1.41 earnings per share for the current year.

F.N.B. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Thursday, June 6th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend is Thursday, June 6th. F.N.B.'s dividend payout ratio (DPR) is 38.71%.

Insider Buying and Selling

In other F.N.B. news, Director William B. Campbell bought 2,500 shares of the business's stock in a transaction that occurred on Tuesday, April 23rd. The shares were acquired at an average cost of $13.48 per share, for a total transaction of $33,700.00. Following the transaction, the director now directly owns 149,458 shares in the company, valued at $2,014,693.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have bought 6,500 shares of company stock worth $87,505 in the last 90 days. Insiders own 1.22% of the company's stock.

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.