F.N.B. Co. (NYSE:FNB) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its stake in shares of F.N.B. Co. (NYSE:FNB) by 11.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 139,340 shares of the bank’s stock after acquiring an additional 13,895 shares during the period. Nisa Investment Advisors LLC’s holdings in F.N.B. were worth $1,919,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Command Advisory Services Inc. acquired a new stake in F.N.B. during the third quarter worth about $27,000. First Command Bank acquired a new stake in F.N.B. during the second quarter worth about $27,000. Neo Ivy Capital Management acquired a new stake in F.N.B. during the second quarter worth about $35,000. Clearstead Advisors LLC acquired a new stake in F.N.B. during the third quarter worth about $36,000. Finally, Lazard Asset Management LLC acquired a new stake in F.N.B. during the second quarter worth about $39,000. 79.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director William B. Campbell bought 2,500 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were acquired at an average price of $13.41 per share, for a total transaction of $33,525.00. Following the completion of the transaction, the director now directly owns 145,388 shares in the company, valued at approximately $1,949,653.08. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.03% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on FNB shares. 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 target price on the stock. Wells Fargo & Company increased their price target on F.N.B. from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Wednesday. Raymond James increased their price target 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. Finally, StockNews.com downgraded F.N.B. from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

F.N.B. Stock Performance

Shares of FNB stock opened at $13.05 on Friday. The company has a market capitalization of $4.69 billion, a P/E ratio of 9.89, a P/E/G ratio of 9.04 and a beta of 1.02. The business’s 50 day moving average is $13.46 and its two-hundred day moving average is $12.68. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.33. F.N.B. Co. has a 12-month low of $10.09 and a 12-month high of $14.19.

F.N.B. (NYSE:FNB) last released its earnings results on Monday, January 22nd. The bank reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.03. The business had revenue of $337.11 million for the quarter, compared to the consensus estimate of $403.84 million. F.N.B. had a return on equity of 9.98% and a net margin of 21.77%. The business’s quarterly revenue was down 18.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.44 earnings per share. Analysts expect that F.N.B. Co. will post 1.45 EPS for the current fiscal year.

F.N.B. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Wednesday, March 6th were given a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.48 annualized dividend and a dividend yield of 3.68%. F.N.B.’s dividend payout ratio (DPR) is presently 36.36%.

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.