F.N.B. Co. (NYSE:FNB) Shares Sold by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC lessened its stake in F.N.B. Co. (NYSE:FNB) by 50.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 267,950 shares of the bank’s stock after selling 267,950 shares during the quarter. Franklin Street Advisors Inc. NC owned 0.07% of F.N.B. worth $3,690,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of FNB. First Command Advisory Services Inc. acquired a new position in F.N.B. in the third quarter valued at approximately $27,000. First Command Bank acquired a new position in shares of F.N.B. in the 2nd quarter valued at $27,000. Neo Ivy Capital Management purchased a new stake in F.N.B. during the second quarter worth $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 purchased a new position in F.N.B. in the second quarter valued at $39,000. Hedge funds and other institutional investors own 79.25% of the company’s stock.

Insiders Place Their Bets

In related news, Director William B. Campbell bought 2,500 shares of the business’s stock in a transaction on Monday, February 26th. The stock was acquired at an average cost of $13.41 per share, with a total value of $33,525.00. Following the purchase, the director now directly owns 145,388 shares of the company’s stock, valued at $1,949,653.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.03% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on FNB shares. StockNews.com cut F.N.B. from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Raymond James increased their target price on F.N.B. from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Monday, January 22nd. Finally, Bank of America initiated coverage on shares of F.N.B. in a research report on Thursday, January 11th. They set a “buy” rating and a $15.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, F.N.B. presently has an average rating of “Hold” and an average price target of $14.67.

F.N.B. Price Performance

F.N.B. stock opened at $14.09 on Friday. The company has a fifty day simple moving average of $13.45 and a 200-day simple moving average of $12.47. The firm has a market capitalization of $5.06 billion, a price-to-earnings ratio of 10.67 and a beta of 1.01. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.33. F.N.B. Co. has a 52-week low of $10.09 and a 52-week high of $14.14.

F.N.B. (NYSE:FNB) last announced its quarterly earnings data on Monday, January 22nd. The bank reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.03. F.N.B. had a net margin of 21.77% and a return on equity of 9.98%. The company had revenue of $337.11 million during the quarter, compared to analysts’ expectations of $403.84 million. During the same quarter in the prior year, the company earned $0.44 EPS. F.N.B.’s revenue was down 18.9% compared to the same quarter last year. On average, equities analysts anticipate that F.N.B. Co. will post 1.45 EPS for the current fiscal year.

F.N.B. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Wednesday, March 6th were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.48 dividend on an annualized basis and a yield of 3.41%. F.N.B.’s payout ratio is 36.36%.

About F.N.B.

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.