F.N.B. Co. (NYSE:FNB) Director Buys $33,700.00 in Stock

F.N.B. Co. (NYSE:FNB) Director William B. Campbell bought 2,500 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were purchased at an average price of $13.48 per share, for a total transaction of $33,700.00. Following the purchase, the director now owns 149,458 shares of the company’s stock, valued at approximately $2,014,693.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

F.N.B. Trading Up 0.2 %

Shares of FNB stock opened at $13.66 on Thursday. The stock’s fifty day moving average price is $13.48 and its two-hundred day moving average price is $12.82. The company has a market cap of $4.91 billion, a PE ratio of 11.02, a P/E/G ratio of 9.23 and a beta of 1.02. F.N.B. Co. has a fifty-two week low of $10.09 and a fifty-two week high of $14.19. 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. (NYSE:FNB) last issued its 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 firm had revenue of $406.87 million for the quarter, compared to the consensus estimate of $406.96 million. F.N.B. had a return on equity of 9.51% and a net margin of 19.73%. During the same quarter last year, the business posted $0.40 EPS. Equities analysts predict that F.N.B. Co. will post 1.45 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend was Tuesday, March 5th. F.N.B.’s dividend payout ratio is presently 38.71%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FNB. 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 research note on Wednesday, April 10th. Stephens reduced their price target 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. Raymond James increased their price target on F.N.B. from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Monday, January 22nd. StockNews.com downgraded F.N.B. from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Finally, Bank of America started coverage on F.N.B. in a research report on Thursday, January 11th. They set a “buy” rating and a $15.00 price target on the stock. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat.com, F.N.B. presently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

Institutional Investors Weigh In On F.N.B.

Hedge funds have recently modified their holdings of the company. First Command Advisory Services Inc. acquired a new stake in shares of F.N.B. during the 3rd quarter valued at $27,000. Vestor Capital LLC acquired a new stake in shares of F.N.B. during the 4th quarter valued at $42,000. Clearstead Advisors LLC acquired a new stake in shares of F.N.B. during the 3rd quarter valued at $36,000. Hexagon Capital Partners LLC boosted its holdings in shares of F.N.B. by 272.9% during the 4th quarter. Hexagon Capital Partners LLC now owns 3,882 shares of the bank’s stock valued at $53,000 after acquiring an additional 2,841 shares in the last quarter. Finally, Ronald Blue Trust Inc. boosted its holdings in shares of F.N.B. by 447.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 4,546 shares of the bank’s stock valued at $52,000 after acquiring an additional 3,715 shares in the last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.

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.