First National Trust Co Cuts Stock Position in F.N.B. Co. (NYSE:FNB)

First National Trust Co lowered its position in F.N.B. Co. (NYSE:FNB) by 5.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 908,083 shares of the bank’s stock after selling 49,071 shares during the period. First National Trust Co’s holdings in F.N.B. were worth $12,504,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Command Advisory Services Inc. purchased a new position in shares of F.N.B. in the 3rd quarter worth approximately $27,000. Clearstead Advisors LLC purchased a new position in shares of F.N.B. in the 3rd quarter worth approximately $36,000. Hexagon Capital Partners LLC grew its position in shares of F.N.B. by 272.9% in the 4th quarter. Hexagon Capital Partners LLC now owns 3,882 shares of the bank’s stock worth $53,000 after buying an additional 2,841 shares during the last quarter. Blue Trust Inc. grew its position in shares of F.N.B. by 56.2% in the 4th quarter. Blue Trust Inc. now owns 7,099 shares of the bank’s stock worth $98,000 after buying an additional 2,553 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in F.N.B. during the 3rd quarter worth approximately $109,000. Hedge funds and other institutional investors own 79.25% of the company’s stock.

Insider Transactions at F.N.B.

In other F.N.B. news, Director William B. Campbell bought 2,500 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was acquired at an average price of $13.48 per share, with a total value of $33,700.00. Following the completion of the acquisition, the director now directly owns 149,458 shares of the company’s stock, valued at $2,014,693.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders acquired 6,500 shares of company stock valued at $87,505 over the last 90 days. 1.03% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

FNB has been the topic of several research analyst reports. Wells Fargo & Company boosted their target price on shares of 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 downgraded shares of F.N.B. from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Stephens dropped their target price on shares of 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. 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 on the stock. Finally, Raymond James boosted their target price 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 equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $15.00.

F.N.B. Price Performance

NYSE FNB traded up $0.15 on Friday, hitting $13.79. The company had a trading volume of 2,779,602 shares, compared to its average volume of 2,486,560. The company has a market capitalization of $4.96 billion, a PE ratio of 11.12, a PEG ratio of 9.76 and a beta of 1.00. The company’s fifty day moving average price is $13.50 and its 200-day moving average price is $12.95. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.92 and a quick ratio of 0.91. F.N.B. Co. has a 12-month low of $10.09 and a 12-month high of $14.19.

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 company had revenue of $406.87 million during the quarter, compared to analyst estimates 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 in the previous year, the firm earned $0.40 EPS. As a group, analysts predict that F.N.B. Co. will post 1.41 earnings per share for the current year.

F.N.B. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Thursday, June 6th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date is Thursday, June 6th. F.N.B.’s payout ratio is 38.71%.

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.