F.N.B. Co. (NYSE:FNB) Shares Acquired by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina lifted its stake in shares of F.N.B. Co. (NYSE:FNBFree Report) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 163,596 shares of the bank’s stock after purchasing an additional 6,586 shares during the period. Treasurer of the State of North Carolina’s holdings in F.N.B. were worth $2,253,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of FNB. Advisory Services Network LLC boosted its stake in F.N.B. by 3.4% in the 4th quarter. Advisory Services Network LLC now owns 24,594 shares of the bank’s stock worth $339,000 after purchasing an additional 813 shares during the period. Teacher Retirement System of Texas raised its position in F.N.B. by 1.0% during the fourth quarter. Teacher Retirement System of Texas now owns 102,095 shares of the bank’s stock valued at $1,406,000 after buying an additional 1,036 shares during the period. GHP Investment Advisors Inc. lifted its stake in F.N.B. by 1.2% in the 4th quarter. GHP Investment Advisors Inc. now owns 88,962 shares of the bank’s stock worth $1,225,000 after acquiring an additional 1,055 shares in the last quarter. United Services Automobile Association grew its stake in F.N.B. by 5.6% during the 3rd quarter. United Services Automobile Association now owns 24,159 shares of the bank’s stock valued at $261,000 after acquiring an additional 1,288 shares in the last quarter. Finally, AIA Group Ltd increased its holdings in shares of F.N.B. by 3.7% in the 4th quarter. AIA Group Ltd now owns 42,446 shares of the bank’s stock valued at $584,000 after purchasing an additional 1,530 shares during the period. Institutional investors and hedge funds own 79.25% of the company’s stock.

F.N.B. Stock Down 0.6 %

FNB stock opened at $13.31 on Friday. The firm has a market cap of $4.79 billion, a PE ratio of 10.73, a PEG ratio of 9.55 and a beta of 0.99. F.N.B. Co. has a 1 year low of $10.24 and a 1 year high of $14.39. The company has a fifty day simple moving average of $13.63 and a 200 day simple moving average of $13.39. 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. (NYSE:FNBGet Free Report) last released 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 return on equity of 9.51% and a net margin of 19.73%. The company had revenue of $406.87 million during the quarter, compared to the consensus estimate of $406.96 million. During the same quarter in the prior year, the company posted $0.40 EPS. Sell-side analysts anticipate that F.N.B. Co. will post 1.4 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend is Thursday, June 6th. F.N.B.’s payout ratio is presently 38.71%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FNB. Stephens lowered their price objective 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. Wells Fargo & Company boosted their price target on shares of F.N.B. from $14.00 to $16.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. Finally, StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, May 27th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, F.N.B. has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Get Our Latest Research Report on FNB

Insider Activity

In other F.N.B. news, Director William B. Campbell bought 2,500 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were acquired at an average price of $13.48 per share, with a total value of $33,700.00. Following the completion of the purchase, the director now directly owns 149,458 shares in the company, valued at approximately $2,014,693.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.03% of the stock is currently owned by company insiders.

About F.N.B.

(Free Report)

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.

See Also

Institutional Ownership by Quarter for F.N.B. (NYSE:FNB)

Receive News & Ratings for F.N.B. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F.N.B. and related companies with MarketBeat.com's FREE daily email newsletter.