Raymond James & Associates raised its stake in FNB Co. (NYSE:FNB) by 16.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,460,787 shares of the bank’s stock after purchasing an additional 345,434 shares during the quarter. Raymond James & Associates owned about 0.76% of FNB worth $34,008,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Crestline Management LP boosted its holdings in shares of FNB by 3,562.5% in the 3rd quarter. Crestline Management LP now owns 586,000 shares of the bank’s stock valued at $8,222,000 after purchasing an additional 570,000 shares during the last quarter. Swiss National Bank boosted its holdings in shares of FNB by 2.2% in the 4th quarter. Swiss National Bank now owns 550,515 shares of the bank’s stock valued at $7,608,000 after purchasing an additional 12,000 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of FNB by 139.1% in the 3rd quarter. Wells Fargo & Company MN now owns 718,576 shares of the bank’s stock valued at $10,081,000 after purchasing an additional 418,075 shares during the last quarter. Algert Global LLC acquired a new position in shares of FNB in the 3rd quarter valued at $619,000. Finally, Quantum Capital Management boosted its holdings in shares of FNB by 3.5% in the 3rd quarter. Quantum Capital Management now owns 876,299 shares of the bank’s stock valued at $12,294,000 after purchasing an additional 29,389 shares during the last quarter. Institutional investors own 79.02% of the company’s stock.
FNB has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $16.50 price target on shares of FNB in a report on Friday, December 22nd. Stephens assumed coverage on shares of FNB in a research note on Wednesday, December 13th. They issued an “equal weight” rating on the stock. Zacks Investment Research raised shares of FNB from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Wednesday, January 3rd. ValuEngine downgraded shares of FNB from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, SunTrust Banks reissued a “buy” rating and issued a $17.00 target price on shares of FNB in a research note on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. FNB currently has a consensus rating of “Buy” and a consensus price target of $16.89.
In related news, Director William B. Campbell sold 3,300 shares of FNB stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $14.48, for a total transaction of $47,784.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Pamela A. Bena bought 2,750 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was bought at an average cost of $14.15 per share, with a total value of $38,912.50. Following the transaction, the director now directly owns 3,850 shares in the company, valued at approximately $54,477.50. The disclosure for this purchase can be found here. Insiders have purchased a total of 6,250 shares of company stock worth $86,633 in the last ninety days. 1.21% of the stock is currently owned by insiders.
FNB stock opened at $13.17 on Friday. FNB Co. has a 12-month low of $12.02 and a 12-month high of $15.00. The firm has a market cap of $4,370.80, a P/E ratio of 14.16, a PEG ratio of 1.25 and a beta of 0.88. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.16.
FNB (NYSE:FNB) last released its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.24 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.24. FNB had a net margin of 16.00% and a return on equity of 6.69%. The firm had revenue of $295.14 million for the quarter, compared to the consensus estimate of $295.89 million. During the same quarter in the previous year, the firm posted $0.24 EPS. equities analysts expect that FNB Co. will post 1.13 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Monday, March 5th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.64%. The ex-dividend date was Friday, March 2nd. FNB’s dividend payout ratio (DPR) is 51.61%.
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F.N.B. Corporation, a financial holding company, provides a range of financial services primarily to consumers, corporations, governments, and small- to medium-sized businesses. The company operates through four segments: Community Banking, Wealth Management, Insurance, and Consumer Finance. It offers commercial banking solutions, including corporate and small business banking, investment real estate financing, business credit, capital market, and lease financing services.
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