Insider Buying: F.N.B. Co. (NYSE:FNB) Director Buys $33,700.00 in Stock

F.N.B. Co. (NYSE:FNB) Director William B. Campbell bought 2,500 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was acquired at an average cost of $13.48 per share, for a total transaction of $33,700.00. Following the completion of the purchase, the director now directly owns 149,458 shares in the company, valued at $2,014,693.84. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

F.N.B. Stock Down 0.4 %

Shares of FNB opened at $13.62 on Friday. The company’s 50-day moving average price is $13.48 and its 200 day moving average price is $12.82. F.N.B. Co. has a 12-month low of $10.09 and a 12-month high of $14.19. 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 firm has a market cap of $4.89 billion, a P/E ratio of 10.98, a price-to-earnings-growth ratio of 9.60 and a beta of 1.02.

F.N.B. (NYSE:FNB) last announced its quarterly earnings results on Thursday, April 18th. The bank reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. F.N.B. had a net margin of 19.73% and a return on equity of 9.51%. The business had revenue of $406.87 million during the quarter, compared to analysts’ expectations of $406.96 million. During the same period last year, the business earned $0.40 earnings per share. On average, sell-side analysts forecast that F.N.B. Co. will post 1.42 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. Shareholders of record on Wednesday, March 6th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend was Tuesday, March 5th. F.N.B.’s dividend payout ratio (DPR) is 38.71%.

Institutional Investors Weigh In On F.N.B.

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in F.N.B. by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 39,346,808 shares of the bank’s stock valued at $541,806,000 after acquiring an additional 156,120 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of F.N.B. by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 21,292,019 shares of the bank’s stock valued at $293,193,000 after purchasing an additional 136,104 shares during the period. FMR LLC grew its holdings in shares of F.N.B. by 6.6% in the third quarter. FMR LLC now owns 13,266,361 shares of the bank’s stock valued at $143,144,000 after purchasing an additional 822,023 shares in the last quarter. American Century Companies Inc. increased its stake in F.N.B. by 5.9% during the 3rd quarter. American Century Companies Inc. now owns 12,474,225 shares of the bank’s stock worth $134,597,000 after buying an additional 694,059 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in F.N.B. by 17.2% during the 4th quarter. Principal Financial Group Inc. now owns 4,921,251 shares of the bank’s stock worth $67,766,000 after buying an additional 723,755 shares in the last quarter. 79.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FNB has been the subject of several recent research reports. Raymond James increased their price target on F.N.B. from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Monday, January 22nd. Bank of America started coverage on F.N.B. in a report on Thursday, January 11th. They set a “buy” rating and a $15.00 price target on the stock. StockNews.com lowered shares of F.N.B. from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Wells Fargo & Company lifted their target price on shares of F.N.B. from $14.00 to $16.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Finally, Stephens dropped their price target on shares of F.N.B. from $16.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday, April 19th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.