Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Position in F.N.B. Co. (NYSE:FNB)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of F.N.B. Co. (NYSE:FNB) by 8.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 77,067 shares of the bank’s stock after acquiring an additional 6,134 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in F.N.B. were worth $1,061,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Strs Ohio purchased a new position in F.N.B. during the 4th quarter valued at $1,888,000. Phocas Financial Corp. boosted its holdings in F.N.B. by 1.8% during the 4th quarter. Phocas Financial Corp. now owns 728,131 shares of the bank’s stock valued at $10,026,000 after acquiring an additional 12,913 shares during the period. Louisiana State Employees Retirement System purchased a new position in F.N.B. during the 4th quarter valued at $1,388,000. Cardinal Capital Management boosted 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 valued at $1,384,000 after acquiring an additional 1,627 shares during the period. Finally, GHP Investment Advisors Inc. boosted its holdings in F.N.B. by 1.2% during the 4th quarter. GHP Investment Advisors Inc. now owns 88,962 shares of the bank’s stock valued at $1,225,000 after acquiring an additional 1,055 shares during the period. Hedge funds and other institutional investors own 79.25% of the company’s stock.

Insider Transactions at F.N.B.

In related news, Director William B. Campbell purchased 2,500 shares of F.N.B. stock in a transaction dated Tuesday, April 23rd. The stock was purchased at an average cost of $13.48 per share, with a total value of $33,700.00. Following the transaction, the director now owns 149,458 shares in the company, valued at approximately $2,014,693.84. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. In the last three months, insiders purchased 6,500 shares of company stock valued at $87,505. Corporate insiders own 1.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. StockNews.com cut F.N.B. from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Raymond James upped their target price on F.N.B. from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Monday, January 22nd. Bank of America assumed coverage on F.N.B. in a report on Thursday, January 11th. They issued a “buy” rating and a $15.00 target price for the company. Stephens lowered their target price on F.N.B. from $16.00 to $15.00 and set an “overweight” rating for the company in a report on Friday, April 19th. Finally, Wells Fargo & Company upped their target price on F.N.B. from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. One equities research 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 price target of $15.00.

F.N.B. Trading Up 0.9 %

FNB opened at $13.74 on Friday. The firm has a market cap of $4.94 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 9.59 and a beta of 1.02. The company has a current ratio of 0.92, a quick ratio of 0.91 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 stock has a fifty day moving average price of $13.48 and a 200-day moving average price of $12.86.

F.N.B. (NYSE:FNB) last released 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 firm had revenue of $406.87 million during the quarter, compared to analyst estimates of $406.96 million. F.N.B. had a return on equity of 9.51% and a net margin of 19.73%. During the same period in the previous year, the company posted $0.40 EPS. As a group, equities research analysts anticipate that F.N.B. Co. will post 1.42 earnings per share for the current fiscal year.

F.N.B. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Wednesday, March 6th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend was Tuesday, March 5th. 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.