F.N.B. Co. (NYSE:FNB) Holdings Lifted by AIA Group Ltd

AIA Group Ltd increased its holdings in shares of F.N.B. Co. (NYSE:FNB) by 3.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,446 shares of the bank’s stock after buying an additional 1,530 shares during the quarter. AIA Group Ltd’s holdings in F.N.B. were worth $584,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of FNB. First Command Advisory Services Inc. acquired a new stake in F.N.B. during the third quarter valued at $27,000. First Command Bank acquired a new stake in F.N.B. during the second quarter valued at $27,000. Neo Ivy Capital Management acquired a new stake in F.N.B. during the second quarter valued at $35,000. Clearstead Advisors LLC acquired a new stake in F.N.B. during the third quarter valued at $36,000. Finally, Lazard Asset Management LLC acquired a new stake in F.N.B. during the second quarter valued at $39,000. Hedge funds and other institutional investors own 79.25% of the company’s stock.

Insider Activity at F.N.B.

In other news, Director William B. Campbell purchased 2,500 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were purchased at an average cost of $13.41 per share, for a total transaction of $33,525.00. Following the completion of the purchase, the director now directly owns 145,388 shares of the company’s stock, valued at approximately $1,949,653.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.03% of the company’s stock.

F.N.B. Trading Up 2.9 %

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 business’s 50-day simple moving average is $13.45 and its 200-day simple moving average is $12.74. The firm has a market capitalization of $4.72 billion, a PE ratio of 10.59, a PEG ratio of 8.78 and a beta of 1.02. F.N.B. Co. has a 52 week low of $10.09 and a 52 week high of $14.19.

F.N.B. (NYSE:FNB) last posted 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. The business had revenue of $406.87 million for 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 earnings per share. Equities research analysts forecast 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 declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Wednesday, March 6th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.48 annualized dividend and a yield of 3.66%. F.N.B.’s dividend payout ratio is 38.71%.

Analysts Set New Price Targets

FNB has been the subject of a number of research reports. StockNews.com cut F.N.B. from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Stephens reduced their price target on F.N.B. from $16.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday. Wells Fargo & Company boosted their price target on F.N.B. from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Bank of America initiated coverage on F.N.B. in a research report on Thursday, January 11th. They issued a “buy” rating and a $15.00 price target for the company. Finally, Raymond James boosted their price target on F.N.B. from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $15.00.

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.