Strs Ohio Acquires New Holdings in F.N.B. Co. (NYSE:FNB)

Strs Ohio bought a new position in shares of F.N.B. Co. (NYSE:FNB) in the fourth quarter, HoldingsChannel reports. The firm bought 137,124 shares of the bank’s stock, valued at approximately $1,888,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. BlackRock Inc. raised its position in shares of F.N.B. by 4.1% during the 1st quarter. BlackRock Inc. now owns 44,998,378 shares of the bank’s stock worth $521,981,000 after purchasing an additional 1,761,208 shares during the last quarter. Vanguard Group Inc. increased its position in F.N.B. by 1.8% during the third quarter. Vanguard Group Inc. now owns 36,982,929 shares of the bank’s stock worth $429,003,000 after buying an additional 667,684 shares in the last quarter. State Street Corp raised its holdings in shares of F.N.B. by 5.3% in the first quarter. State Street Corp now owns 18,756,218 shares of the bank’s stock worth $233,515,000 after acquiring an additional 942,178 shares during the last quarter. FMR LLC lifted its position in shares of F.N.B. by 6.6% in the third quarter. FMR LLC now owns 13,266,361 shares of the bank’s stock valued at $143,144,000 after acquiring an additional 822,023 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its stake in shares of F.N.B. by 0.3% during the first quarter. Macquarie Group Ltd. now owns 12,879,470 shares of the bank’s stock valued at $149,402,000 after acquiring an additional 34,932 shares during the last quarter. Hedge funds and other institutional investors own 79.25% of the company’s stock.

F.N.B. Price Performance

F.N.B. stock opened at $13.13 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.90 and a current ratio of 0.92. The company has a market cap of $4.72 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 8.78 and a beta of 1.02. F.N.B. Co. has a 1 year low of $10.09 and a 1 year high of $14.19. The firm has a 50 day moving average price of $13.45 and a 200 day moving average price of $12.76.

F.N.B. (NYSE:FNB) last released its quarterly earnings data on Thursday, April 18th. The bank reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. F.N.B. had a return on equity of 9.51% and a net margin of 19.73%. The business had revenue of $406.87 million during the quarter, compared to the consensus estimate of $406.96 million. During the same period in the prior year, the firm posted $0.40 EPS. Sell-side analysts predict that F.N.B. Co. will post 1.45 earnings per share for the current year.

F.N.B. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Wednesday, March 6th were issued a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.66%. F.N.B.’s dividend payout ratio (DPR) is 38.71%.

Insider Activity

In other F.N.B. news, Director William B. Campbell bought 2,500 shares of the company’s stock in a transaction that occurred on 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 owns 145,388 shares in the company, valued at $1,949,653.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.03% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FNB. Wells Fargo & Company boosted their target price on shares of F.N.B. from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. StockNews.com lowered 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 on the stock. Raymond James boosted their price target on F.N.B. from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Monday, January 22nd. Finally, Stephens decreased their price objective on F.N.B. from $16.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, F.N.B. has an average rating of “Moderate Buy” and a consensus target price of $15.00.

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.