Mutual of America Capital Management LLC Sells 11,512 Shares of F.N.B. Co. (NYSE:FNB)

Mutual of America Capital Management LLC trimmed its holdings in shares of F.N.B. Co. (NYSE:FNB) by 4.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 221,516 shares of the bank’s stock after selling 11,512 shares during the period. Mutual of America Capital Management LLC’s holdings in F.N.B. were worth $3,050,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. First Command Advisory Services Inc. purchased a new position in shares of F.N.B. during the third quarter valued at approximately $27,000. First Command Bank purchased a new position in F.N.B. in the 2nd quarter worth approximately $27,000. Neo Ivy Capital Management purchased a new position in F.N.B. in the 2nd quarter worth approximately $35,000. Clearstead Advisors LLC purchased a new position in F.N.B. in the 3rd quarter worth approximately $36,000. Finally, Lazard Asset Management LLC purchased a new position in F.N.B. in the 2nd quarter worth approximately $39,000. 79.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FNB has been the subject of a number of recent analyst reports. Bank of America initiated coverage on shares of F.N.B. in a report on Thursday, January 11th. They issued a “buy” rating and a $15.00 price objective for the company. Raymond James boosted their price objective on shares of 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 boosted their price objective on shares of F.N.B. from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Finally, StockNews.com downgraded shares of F.N.B. from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.00.

F.N.B. Trading Down 0.3 %

NYSE:FNB opened at $12.77 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.33. F.N.B. Co. has a 12 month low of $10.09 and a 12 month high of $14.19. The company has a market cap of $4.59 billion, a PE ratio of 9.67, a price-to-earnings-growth ratio of 8.81 and a beta of 1.02. The company has a 50 day simple moving average of $13.46 and a two-hundred day simple moving average of $12.73.

F.N.B. (NYSE:FNB) last issued its quarterly earnings data on Wednesday, April 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. F.N.B. had a net margin of 21.77% and a return on equity of 9.98%. The firm had revenue of $406.87 million during the quarter, compared to the consensus estimate of $406.96 million. During the same quarter in the previous year, the firm posted $0.40 EPS. Research analysts forecast that F.N.B. Co. will post 1.45 earnings per share for the current year.

F.N.B. Dividend Announcement

The firm also recently disclosed 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. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date was Tuesday, March 5th. F.N.B.’s payout ratio is 36.36%.

Insider Activity

In other F.N.B. news, Director William B. Campbell acquired 2,500 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was purchased at an average price of $13.41 per share, with a total value of $33,525.00. Following the transaction, the director now directly owns 145,388 shares in the company, valued at approximately $1,949,653.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.03% of the company’s stock.

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.