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

F.N.B. Co. (NYSE:FNB) Director William B. Campbell purchased 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were purchased at an average cost of $13.48 per share, for a total transaction of $33,700.00. Following the completion of the transaction, the director now owns 149,458 shares in the company, valued at approximately $2,014,693.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

F.N.B. Stock Performance

FNB traded up $0.25 during trading on Tuesday, reaching $13.59. The company’s stock had a trading volume of 1,389,102 shares, compared to its average volume of 2,117,111. The company’s fifty day moving average price is $13.45 and its 200-day moving average price is $12.79. F.N.B. Co. has a 52-week low of $10.09 and a 52-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. The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of 10.77, a price-to-earnings-growth ratio of 9.07 and a beta of 1.02.

F.N.B. (NYSE:FNB) last issued its quarterly earnings results on Thursday, April 18th. The bank reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. The business had revenue of $406.87 million for the quarter, compared to analysts’ expectations 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 quarter last year, the company posted $0.40 earnings per share. On average, equities analysts forecast that F.N.B. Co. will post 1.45 earnings per share for the current fiscal year.

F.N.B. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Wednesday, March 6th were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.53%. F.N.B.’s payout ratio is 38.71%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FNB. Raymond James lifted their price objective on F.N.B. from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Monday, January 22nd. Wells Fargo & Company increased their price target on F.N.B. from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. StockNews.com lowered F.N.B. from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Stephens decreased their target price on F.N.B. from $16.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Bank of America assumed coverage on shares of F.N.B. in a report on Thursday, January 11th. They set a “buy” rating and a $15.00 target price on the stock. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Institutional Investors Weigh In On F.N.B.

Several large investors have recently made changes to their positions in the stock. First Command Advisory Services Inc. bought a new stake in shares of F.N.B. in the 3rd quarter valued at $27,000. Clearstead Advisors LLC bought a new stake in shares of F.N.B. in the 3rd quarter worth approximately $36,000. Vestor Capital LLC bought a new stake in F.N.B. during the 4th quarter valued at $42,000. Ronald Blue Trust Inc. grew its position in shares of F.N.B. by 447.1% in the 3rd quarter. Ronald Blue Trust Inc. now owns 4,546 shares of the bank’s stock worth $52,000 after buying an additional 3,715 shares during the period. Finally, Hexagon Capital Partners LLC grew its position in 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 purchasing an additional 2,841 shares during the last quarter. Institutional investors 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.