Oak Thistle LLC Raises Stake in F.N.B. Co. (NYSE:FNB)

Oak Thistle LLC grew its holdings in shares of F.N.B. Co. (NYSE:FNB) by 117.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 95,737 shares of the bank’s stock after acquiring an additional 51,763 shares during the quarter. Oak Thistle LLC’s holdings in F.N.B. were worth $1,415,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in FNB. Kathleen S. Wright Associates Inc. purchased a new stake in F.N.B. during the third quarter valued at about $28,000. Brooklyn Investment Group purchased a new stake in F.N.B. during the 3rd quarter valued at about $31,000. Richardson Financial Services Inc. grew its position in F.N.B. by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock worth $41,000 after acquiring an additional 1,473 shares during the last quarter. UMB Bank n.a. increased its stake in F.N.B. by 82.3% in the 3rd quarter. UMB Bank n.a. now owns 3,687 shares of the bank’s stock worth $52,000 after purchasing an additional 1,665 shares during the period. Finally, Versant Capital Management Inc lifted its position in F.N.B. by 100.9% in the fourth quarter. Versant Capital Management Inc now owns 4,011 shares of the bank’s stock valued at $59,000 after purchasing an additional 2,014 shares during the last quarter. 79.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on FNB shares. Stephens raised their target price on shares of F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Wells Fargo & Company lowered their price objective on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Raymond James raised their target price on F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Keefe, Bruyette & Woods increased their price objective on F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, StockNews.com raised F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Insider Activity at F.N.B.

In related news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $16.50, for a total transaction of $2,062,500.00. Following the transaction, the chief executive officer now owns 1,652,229 shares in the company, valued at $27,261,778.50. This represents a 7.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.03% of the stock is currently owned by insiders.

F.N.B. Stock Up 4.3 %

NYSE:FNB opened at $15.08 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.92. The firm’s 50-day moving average price is $15.80 and its 200-day moving average price is $14.80. The company has a market capitalization of $5.42 billion, a PE ratio of 13.83 and a beta of 1.01. F.N.B. Co. has a 1-year low of $12.49 and a 1-year high of $17.70.

F.N.B. (NYSE:FNB) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). F.N.B. had a net margin of 16.29% and a return on equity of 8.49%. The company had revenue of $413.02 million for the quarter, compared to the consensus estimate of $409.80 million. On average, equities analysts predict that F.N.B. Co. will post 1.34 EPS for the current fiscal year.

F.N.B. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend was Monday, December 2nd. F.N.B.’s payout ratio is currently 44.04%.

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.