Grant GrossMendelsohn LLC Has $341,000 Holdings in F.N.B. Co. (NYSE:FNB)

Grant GrossMendelsohn LLC trimmed its holdings in F.N.B. Co. (NYSE:FNB) by 10.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 24,630 shares of the bank’s stock after selling 3,000 shares during the period. Grant GrossMendelsohn LLC’s holdings in F.N.B. were worth $341,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FNB. JPMorgan Chase & Co. increased its stake in F.N.B. by 27.0% in the first quarter. JPMorgan Chase & Co. now owns 1,171,990 shares of the bank’s stock valued at $14,592,000 after acquiring an additional 248,892 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in F.N.B. by 49.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 151,346 shares of the bank’s stock valued at $1,884,000 after acquiring an additional 50,271 shares during the last quarter. Private Advisor Group LLC increased its stake in F.N.B. by 10.7% in the first quarter. Private Advisor Group LLC now owns 15,696 shares of the bank’s stock valued at $195,000 after acquiring an additional 1,515 shares during the last quarter. Natixis Advisors L.P. increased its stake in F.N.B. by 37.1% in the first quarter. Natixis Advisors L.P. now owns 27,259 shares of the bank’s stock valued at $339,000 after acquiring an additional 7,373 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in F.N.B. by 3.9% in the first quarter. Bank of Montreal Can now owns 47,930 shares of the bank’s stock valued at $614,000 after buying an additional 1,783 shares during the period. 79.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at F.N.B.

In other F.N.B. news, Director William B. Campbell purchased 2,500 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were bought at an average cost of $13.41 per share, for a total transaction of $33,525.00. Following the purchase, the director now owns 145,388 shares of the company’s stock, valued at approximately $1,949,653.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.03% of the stock is currently owned by corporate insiders.

F.N.B. Stock Down 0.4 %

FNB stock traded down $0.06 during trading on Monday, reaching $13.00. The stock had a trading volume of 2,431,217 shares, compared to its average volume of 2,095,872. F.N.B. Co. has a one year low of $10.09 and a one year high of $14.19. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.33. The company’s 50 day moving average is $13.46 and its two-hundred day moving average is $12.71. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 9.84, a P/E/G ratio of 8.98 and a beta of 1.02.

F.N.B. (NYSE:FNB) last released its earnings results on Monday, January 22nd. The bank reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. F.N.B. had a net margin of 21.77% and a return on equity of 9.98%. The firm had revenue of $337.11 million during the quarter, compared to the consensus estimate of $403.84 million. During the same period in the prior year, the firm earned $0.44 EPS. The company’s revenue was down 18.9% compared to the same quarter last year. Equities research analysts forecast that F.N.B. Co. will post 1.45 EPS for the current year.

F.N.B. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Wednesday, March 6th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date was Tuesday, March 5th. F.N.B.’s payout ratio is currently 36.36%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company upped their price objective on shares of F.N.B. from $14.00 to $16.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. StockNews.com downgraded shares of F.N.B. from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Bank of America initiated coverage on shares of F.N.B. in a research report on Thursday, January 11th. They set a “buy” rating and a $15.00 target price for the company. Finally, Raymond James upped their price objective on shares of F.N.B. from $14.00 to $16.00 and gave the stock an “outperform” rating in a research 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.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $15.00.

F.N.B. Company 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.