Wedge Capital Management L L P NC Has $5.04 Million Stock Holdings in F.N.B. Co. (NYSE:FNB)

Wedge Capital Management L L P NC raised its holdings in F.N.B. Co. (NYSE:FNB) by 5.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 366,186 shares of the bank’s stock after purchasing an additional 18,151 shares during the quarter. Wedge Capital Management L L P NC’s holdings in F.N.B. were worth $5,042,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of FNB. First Command Advisory Services Inc. bought a new position in shares of F.N.B. in the 3rd quarter valued at $27,000. Clearstead Advisors LLC bought a new position in shares of F.N.B. in the 3rd quarter valued at $36,000. Blue Trust Inc. lifted its stake in shares of F.N.B. by 56.2% in the 4th quarter. Blue Trust Inc. now owns 7,099 shares of the bank’s stock valued at $98,000 after acquiring an additional 2,553 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in shares of F.N.B. in the 3rd quarter valued at $109,000. Finally, Anchor Investment Management LLC bought a new position in shares of F.N.B. in the 4th quarter valued at $110,000. Institutional investors and hedge funds own 79.25% of the company’s stock.

F.N.B. Stock Performance

Shares of F.N.B. stock opened at $13.66 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average price of $13.48 and a two-hundred day moving average price of $12.82. F.N.B. Co. has a 1-year low of $10.09 and a 1-year high of $14.19. The company has a market cap of $4.91 billion, a P/E ratio of 11.02, a PEG ratio of 9.60 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 for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $406.87 million during the quarter, compared to the consensus estimate of $406.96 million. During the same period last year, the business posted $0.40 EPS. As a group, analysts anticipate that F.N.B. Co. will post 1.42 EPS for the current year.

F.N.B. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Wednesday, March 6th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.48 dividend on an annualized basis and a yield of 3.51%. F.N.B.’s payout ratio is currently 38.71%.

Analysts Set New Price Targets

FNB has been the subject of a number of research reports. Wells Fargo & Company increased their price target on F.N.B. from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Raymond James raised their target price 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 assumed coverage on F.N.B. in a research report on Thursday, January 11th. They set 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 research report on Friday, April 19th. Finally, StockNews.com lowered F.N.B. from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Insiders Place Their Bets

In other F.N.B. news, Director William B. Campbell purchased 2,500 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was purchased at an average cost of $13.48 per share, for a total transaction of $33,700.00. Following the acquisition, the director now owns 149,458 shares in the company, valued at approximately $2,014,693.84. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders acquired 6,500 shares of company stock worth $87,505. Company insiders own 1.03% of the company’s stock.

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.