Los Angeles Capital Management LLC Makes New Investment in F.N.B. Co. (NYSE:FNB)

Los Angeles Capital Management LLC purchased a new stake in F.N.B. Co. (NYSE:FNB) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 81,154 shares of the bank’s stock, valued at approximately $1,117,000.

Several other institutional investors also recently made changes to their positions in FNB. FMR LLC grew its position in F.N.B. by 6.6% during the third quarter. FMR LLC now owns 13,266,361 shares of the bank’s stock valued at $143,144,000 after acquiring an additional 822,023 shares during the period. American Century Companies Inc. grew its holdings in shares of 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 purchasing an additional 694,059 shares during the period. Wellington Management Group LLP raised its holdings in F.N.B. by 20.3% in the third quarter. Wellington Management Group LLP now owns 2,449,816 shares of the bank’s stock valued at $26,434,000 after buying an additional 413,698 shares during the period. Sei Investments Co. lifted its position in F.N.B. by 3.9% during the third quarter. Sei Investments Co. now owns 1,230,885 shares of the bank’s stock valued at $13,281,000 after buying an additional 45,834 shares in the last quarter. Finally, Ceredex Value Advisors LLC grew its stake in F.N.B. by 1.5% during the fourth quarter. Ceredex Value Advisors LLC now owns 1,173,913 shares of the bank’s stock worth $16,165,000 after buying an additional 17,363 shares during the period. 79.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on FNB. Stephens reduced their target price on shares of F.N.B. from $16.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. 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 note on Monday, January 22nd. Bank of America started coverage on F.N.B. in a research report on Thursday, January 11th. They set a “buy” rating and a $15.00 price target on the stock. Wells Fargo & Company increased their price objective on shares of F.N.B. from $14.00 to $16.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Finally, StockNews.com cut shares of F.N.B. from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Insider Buying and Selling

In other news, Director William B. Campbell bought 2,500 shares of F.N.B. stock in a transaction on Tuesday, April 23rd. The shares were bought at an average price of $13.48 per share, with a total value of $33,700.00. Following the acquisition, the director now directly owns 149,458 shares in the company, valued at approximately $2,014,693.84. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders bought 6,500 shares of company stock worth $87,505. Corporate insiders own 1.22% of the company’s stock.

F.N.B. Price Performance

FNB stock opened at $13.97 on Thursday. The company has a market capitalization of $5.02 billion, a PE ratio of 11.27, a P/E/G ratio of 9.76 and a beta of 1.00. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.35. The stock’s 50 day moving average is $13.53 and its two-hundred day moving average is $13.01. F.N.B. Co. has a 52-week low of $10.24 and a 52-week high of $14.19.

F.N.B. (NYSE:FNB) last issued its quarterly earnings results on Thursday, April 18th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $406.96 million. During the same quarter in the previous year, the firm earned $0.40 earnings per share. Analysts predict that F.N.B. Co. will post 1.41 earnings per share for the current fiscal year.

F.N.B. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Thursday, June 6th will be paid a $0.12 dividend. The ex-dividend date is Thursday, June 6th. This represents a $0.48 dividend on an annualized basis and a yield of 3.44%. F.N.B.’s dividend payout ratio (DPR) is 38.71%.

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.