First National Trust Co Sells 49,071 Shares of F.N.B. Co. (NYSE:FNB)

First National Trust Co lowered its stake in F.N.B. Co. (NYSE:FNB) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 908,083 shares of the bank’s stock after selling 49,071 shares during the period. First National Trust Co owned 0.25% of F.N.B. worth $12,504,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. FMR LLC grew its position in shares of F.N.B. by 6.6% in the 3rd quarter. FMR LLC now owns 13,266,361 shares of the bank’s stock worth $143,144,000 after buying an additional 822,023 shares during the period. American Century Companies Inc. increased its stake in shares of F.N.B. by 5.9% during the third quarter. American Century Companies Inc. now owns 12,474,225 shares of the bank’s stock valued at $134,597,000 after purchasing an additional 694,059 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of F.N.B. by 20.3% during the third quarter. Wellington Management Group LLP now owns 2,449,816 shares of the bank’s stock valued at $26,434,000 after purchasing an additional 413,698 shares during the last quarter. Trust Co of the South bought a new stake in shares of F.N.B. in the 4th quarter worth approximately $4,720,000. Finally, Comerica Bank grew its stake in shares of F.N.B. by 110.9% in the 3rd quarter. Comerica Bank now owns 487,449 shares of the bank’s stock worth $5,260,000 after buying an additional 256,355 shares during the last quarter. Institutional investors own 79.25% of the company’s stock.

F.N.B. Stock Performance

F.N.B. stock traded up $0.15 during midday trading on Friday, reaching $13.79. 2,779,602 shares of the company traded hands, compared to its average volume of 2,486,560. The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of 11.12, a price-to-earnings-growth ratio of 9.76 and a beta of 1.00. The business has a 50 day moving average of $13.50 and a two-hundred day moving average of $12.95. F.N.B. Co. has a 12 month low of $10.09 and a 12 month high of $14.19. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.92 and a quick ratio of 0.91.

F.N.B. (NYSE:FNB) last issued its quarterly earnings data on Thursday, April 18th. The bank reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The company had revenue of $406.87 million for the quarter, compared to the consensus estimate of $406.96 million. F.N.B. had a net margin of 19.73% and a return on equity of 9.51%. During the same quarter in the prior year, the firm earned $0.40 earnings per share. As a group, research analysts predict that F.N.B. Co. will post 1.41 earnings per share for the current year.

F.N.B. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Thursday, June 6th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, June 6th. This represents a $0.48 dividend on an annualized basis and a yield of 3.48%. F.N.B.’s dividend payout ratio (DPR) is 38.71%.

Insider Activity at F.N.B.

In other F.N.B. news, Director William B. Campbell purchased 2,500 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were acquired at an average cost of $13.48 per share, for a total transaction of $33,700.00. Following the completion of the transaction, the director now owns 149,458 shares of the company’s stock, valued at $2,014,693.84. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have purchased a total of 6,500 shares of company stock worth $87,505 over the last quarter. Company insiders own 1.03% of the company’s stock.

Analysts Set New Price Targets

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

About F.N.B.

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.