Mutual of America Capital Management LLC Lowers Position in F.N.B. Co. (NYSE:FNB)

Mutual of America Capital Management LLC cut its stake in F.N.B. Co. (NYSE:FNB) by 4.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 221,516 shares of the bank’s stock after selling 11,512 shares during the quarter. Mutual of America Capital Management LLC owned 0.06% of F.N.B. worth $3,050,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of FNB. First Command Advisory Services Inc. purchased a new stake in shares of F.N.B. in the third quarter worth approximately $27,000. First Command Bank bought a new position in shares of F.N.B. in the second quarter valued at approximately $27,000. Neo Ivy Capital Management bought a new position in shares of F.N.B. in the second quarter valued at approximately $35,000. Clearstead Advisors LLC bought a new position in shares of F.N.B. in the third quarter valued at approximately $36,000. Finally, Lazard Asset Management LLC bought a new position in shares of F.N.B. in the second quarter valued at approximately $39,000. 79.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, Director William B. Campbell bought 2,500 shares of the company’s stock in a transaction on Monday, February 26th. The shares were purchased 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 transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.03% of the company’s stock.

F.N.B. Price Performance

Shares of NYSE FNB opened at $12.77 on Friday. The stock has a fifty day simple moving average of $13.46 and a two-hundred day simple moving average of $12.73. F.N.B. Co. has a 1-year low of $10.09 and a 1-year high of $14.19. The firm has a market cap of $4.59 billion, a price-to-earnings ratio of 9.67, a price-to-earnings-growth ratio of 8.81 and a beta of 1.02. 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. (NYSE:FNB) last announced its quarterly earnings data on Wednesday, April 17th. The bank reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. The business had revenue of $406.87 million during the quarter, compared to analyst estimates of $406.96 million. F.N.B. had a return on equity of 9.98% and a net margin of 21.77%. During the same period in the prior year, the company earned $0.40 earnings per share. Analysts anticipate that F.N.B. Co. will post 1.45 earnings per share for the current year.

F.N.B. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Wednesday, March 6th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.48 annualized dividend and a dividend yield of 3.76%. F.N.B.’s dividend payout ratio is currently 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.