Inceptionr LLC Makes New $257,000 Investment in F.N.B. Co. (NYSE:FNB)

Inceptionr LLC bought a new stake in F.N.B. Co. (NYSE:FNB) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,150 shares of the bank’s stock, valued at approximately $257,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. BlackRock Inc. boosted its position in F.N.B. by 13.1% during the 1st quarter. BlackRock Inc. now owns 39,996,231 shares of the bank’s stock worth $497,953,000 after acquiring an additional 4,625,329 shares during the period. Norges Bank purchased a new position in F.N.B. during the fourth quarter valued at approximately $46,599,000. Vanguard Group Inc. increased its stake in F.N.B. by 9.8% in the 1st quarter. Vanguard Group Inc. now owns 35,158,364 shares of the bank’s stock valued at $437,721,000 after buying an additional 3,125,650 shares during the period. Fuller & Thaler Asset Management Inc. lifted its position in F.N.B. by 7.2% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 29,439,786 shares of the bank’s stock worth $384,189,000 after buying an additional 1,982,742 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of F.N.B. by 58.3% during the 1st quarter. Principal Financial Group Inc. now owns 4,325,106 shares of the bank’s stock valued at $50,171,000 after buying an additional 1,592,460 shares during the period. Institutional investors and hedge funds own 76.94% of the company’s stock.

Wall Street Analyst Weigh In

FNB has been the subject of several research reports. Stephens reiterated an “overweight” rating and set a $15.00 price target on shares of F.N.B. in a report on Thursday, July 20th. StockNews.com upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Finally, DA Davidson increased their target price on shares of F.N.B. from $16.00 to $17.00 in a research report on Friday, July 21st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, F.N.B. has an average rating of “Moderate Buy” and a consensus target price of $15.67.

F.N.B. Stock Performance

NYSE:FNB opened at $11.32 on Thursday. The firm has a market capitalization of $4.06 billion, a PE ratio of 7.30 and a beta of 1.09. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.35. F.N.B. Co. has a 1 year low of $10.09 and a 1 year high of $14.71. The firm’s fifty day simple moving average is $12.04 and its 200 day simple moving average is $11.90.

F.N.B. (NYSE:FNB) last posted its quarterly earnings data on Wednesday, July 19th. The bank reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. F.N.B. had a return on equity of 10.52% and a net margin of 28.28%. The business had revenue of $409.55 million for the quarter, compared to analyst estimates of $406.15 million. During the same period in the previous year, the company posted $0.31 earnings per share. The firm’s revenue for the quarter was up 21.9% on a year-over-year basis. On average, sell-side analysts anticipate that F.N.B. Co. will post 1.48 EPS for the current year.

F.N.B. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th will be given a $0.12 dividend. The ex-dividend date is Friday, September 1st. This represents a $0.48 annualized dividend and a dividend yield of 4.24%. F.N.B.’s dividend payout ratio is 30.97%.

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.