Alaska Permanent Fund Corp Sells 919 Shares of F.N.B. Co. (NYSE:FNB)

Alaska Permanent Fund Corp cut its stake in shares of F.N.B. Co. (NYSE:FNB) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 194,681 shares of the bank’s stock after selling 919 shares during the quarter. Alaska Permanent Fund Corp’s holdings in F.N.B. were worth $2,681,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FNB. First Command Advisory Services Inc. acquired a new stake in shares of F.N.B. in the third quarter valued at $27,000. Clearstead Advisors LLC acquired a new stake in shares of F.N.B. in the third quarter valued at $36,000. Blue Trust Inc. increased its stake in shares of F.N.B. by 56.2% in the fourth quarter. Blue Trust Inc. now owns 7,099 shares of the bank’s stock valued at $98,000 after buying an additional 2,553 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of F.N.B. in the third quarter valued at $109,000. Finally, Anchor Investment Management LLC acquired a new stake in shares of F.N.B. in the fourth quarter valued at $110,000. 79.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on FNB shares. Stephens lowered their price objective on F.N.B. from $16.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. StockNews.com lowered F.N.B. from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. 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. Bank of America started coverage on F.N.B. in a research report on Thursday, January 11th. They set a “buy” rating and a $15.00 price target on the stock. Finally, 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. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Insider Buying and Selling at F.N.B.

In other news, Director William B. Campbell acquired 2,500 shares of F.N.B. stock in a transaction on Tuesday, April 23rd. The stock was purchased 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 owns 149,458 shares of the company’s stock, valued at approximately $2,014,693.84. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders bought 6,500 shares of company stock valued at $87,505. Company insiders own 1.03% of the company’s stock.

F.N.B. Trading Down 1.5 %

F.N.B. stock traded down $0.21 during trading hours on Thursday, hitting $13.46. The stock had a trading volume of 86,630 shares, compared to its average volume of 2,107,140. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.35. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of 11.02, a P/E/G ratio of 9.60 and a beta of 1.02. F.N.B. Co. has a one year low of $10.09 and a one year high of $14.19. The business’s 50 day simple moving average is $13.48 and its 200-day simple moving average is $12.82.

F.N.B. (NYSE:FNB) last issued its quarterly earnings results on Thursday, April 18th. The bank reported $0.34 earnings per share for the quarter, beating 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 analysts’ expectations of $406.96 million. During the same quarter in the prior year, the firm posted $0.40 earnings per share. On average, equities analysts predict that F.N.B. Co. will post 1.42 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders 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 3.57%. F.N.B.’s dividend payout ratio (DPR) is presently 38.71%.

F.N.B. 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.