Louisiana State Employees Retirement System Buys New Shares in F.N.B. Co. (NYSE:FNB)

Louisiana State Employees Retirement System purchased a new position in shares of F.N.B. Co. (NYSE:FNB) during the fourth quarter, HoldingsChannel reports. The firm purchased 100,800 shares of the bank’s stock, valued at approximately $1,388,000.

A number of other institutional investors have also recently bought and sold shares of the business. Wellington Management Group LLP boosted its stake in shares of F.N.B. by 20.3% in the third quarter. Wellington Management Group LLP now owns 2,449,816 shares of the bank’s stock valued at $26,434,000 after buying an additional 413,698 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in F.N.B. by 479.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 112,574 shares of the bank’s stock valued at $1,215,000 after purchasing an additional 93,159 shares during the period. Hsbc Holdings PLC grew its holdings in F.N.B. by 663.2% during the 3rd quarter. Hsbc Holdings PLC now owns 233,439 shares of the bank’s stock worth $2,523,000 after acquiring an additional 202,853 shares during the period. Cardinal Capital Management grew its holdings in F.N.B. by 1.6% during the 4th quarter. Cardinal Capital Management now owns 100,537 shares of the bank’s stock worth $1,384,000 after acquiring an additional 1,627 shares during the period. Finally, Sei Investments Co. grew its holdings in F.N.B. by 3.9% during the 3rd quarter. Sei Investments Co. now owns 1,230,885 shares of the bank’s stock worth $13,281,000 after acquiring an additional 45,834 shares during the period. Institutional investors and hedge funds own 79.25% of the company’s stock.

Insider Activity at F.N.B.

In other F.N.B. news, Director William B. Campbell acquired 2,500 shares of F.N.B. stock in a transaction that occurred on Monday, February 26th. The stock was acquired 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 $1,949,653.08. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.03% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

F.N.B. Trading Up 2.9 %

Shares of FNB stock opened at $13.13 on Monday. The company has a 50 day moving average of $13.45 and a 200-day moving average of $12.78. The company has a quick ratio of 0.90, a current ratio of 0.92 and a debt-to-equity ratio of 0.35. F.N.B. Co. has a 12-month low of $10.09 and a 12-month high of $14.19. The firm has a market cap of $4.72 billion, a P/E ratio of 10.59, a PEG ratio of 9.04 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. F.N.B. had a net margin of 19.73% and a return on equity of 9.51%. The company had revenue of $406.87 million during the quarter, compared to analyst estimates of $406.96 million. During the same quarter last year, the business posted $0.40 EPS. Sell-side analysts anticipate 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. Investors of record on Wednesday, March 6th were paid a $0.12 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $0.48 dividend on an annualized basis and a yield of 3.66%. F.N.B.’s dividend 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.