Commonwealth Equity Services LLC Decreases Stake in F.N.B. Co. (NYSE:FNB)

Commonwealth Equity Services LLC trimmed its position in F.N.B. Co. (NYSE:FNB – Get Rating) by 33.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 60,034 shares of the bank’s stock after selling 29,591 shares during the period. Commonwealth Equity Services LLC’s holdings in F.N.B. were worth $783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of FNB. BlackRock Inc. lifted its position in F.N.B. by 2.0% during the third quarter. BlackRock Inc. now owns 41,084,424 shares of the bank’s stock valued at $476,578,000 after purchasing an additional 821,720 shares during the period. Vanguard Group Inc. lifted its position in F.N.B. by 1.8% during the third quarter. Vanguard Group Inc. now owns 36,982,929 shares of the bank’s stock valued at $429,003,000 after purchasing an additional 667,684 shares during the period. Dimensional Fund Advisors LP lifted its position in F.N.B. by 3.1% during the third quarter. Dimensional Fund Advisors LP now owns 19,273,674 shares of the bank’s stock valued at $223,575,000 after purchasing an additional 578,150 shares during the period. State Street Corp raised its position in F.N.B. by 5.3% during the first quarter. State Street Corp now owns 18,756,218 shares of the bank’s stock valued at $233,515,000 after acquiring an additional 942,178 shares in the last quarter. Finally, Macquarie Group Ltd. raised its position in F.N.B. by 1.5% during the third quarter. Macquarie Group Ltd. now owns 11,983,401 shares of the bank’s stock valued at $139,095,000 after acquiring an additional 173,268 shares in the last quarter. Hedge funds and other institutional investors own 76.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Stephens started coverage on F.N.B. in a research report on Monday, April 3rd. They set an “overweight” rating and a $15.00 price target for the company. StockNews.com started coverage on shares of F.N.B. in a research report on Thursday, May 18th. They set a “sell” rating on the stock. Raymond James dropped their price target on shares of F.N.B. from $16.00 to $15.00 and set an “outperform” rating on the stock in a research report on Thursday, April 6th. Finally, Keefe, Bruyette & Woods lowered their price target on F.N.B. from $16.00 to $14.00 and set a “market perform” rating on the stock in a research report on Thursday, April 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, F.N.B. has a consensus rating of “Moderate Buy” and an average target price of $14.83.

F.N.B. Trading Down 0.7 %

FNB opened at $11.25 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.88 and a quick ratio of 0.88. The company’s 50 day simple moving average is $11.30 and its two-hundred day simple moving average is $12.80. F.N.B. Co. has a 1-year low of $10.09 and a 1-year high of $14.71. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 7.71 and a beta of 1.06.

F.N.B. (NYSE:FNB – Get Rating) last issued its earnings results on Thursday, April 20th. The bank reported $0.40 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.40. F.N.B. had a return on equity of 10.12% and a net margin of 29.60%. The business had revenue of $416.10 million during the quarter, compared to the consensus estimate of $413.52 million. During the same period last year, the company earned $0.26 EPS. The company’s revenue for the quarter was up 33.2% on a year-over-year basis. Analysts expect that F.N.B. Co. will post 1.53 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Friday, June 2nd will be paid a $0.12 dividend. The ex-dividend date is Thursday, June 1st. This represents a $0.48 annualized dividend and a dividend yield of 4.27%. F.N.B.’s dividend payout ratio (DPR) is 32.88%.

About F.N.B.

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F.N.B. Corp. is a financial holding company. It engages in the provision of financial services to consumers, corporations, governments, and small to medium-sized businesses. The firm operates through the following segments: Community Banking, Wealth Management, Insurance, and Other. The Community Banking segment includes commercial and consumer banking services.