F.N.B. (NYSE:FNB) Hits New 1-Year High at $14.19

F.N.B. Co. (NYSE:FNB)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $14.19 and last traded at $14.10, with a volume of 42885 shares trading hands. The stock had previously closed at $14.04.

Analyst Ratings Changes

A number of equities research analysts have commented on FNB shares. Stephens lowered 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. Wells Fargo & Company increased 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. StockNews.com cut F.N.B. from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Finally, Raymond James raised their price objective on F.N.B. from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Monday, January 22nd. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat, F.N.B. presently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

F.N.B. Stock Up 0.5 %

The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $5.08 billion, a PE ratio of 11.32, a price-to-earnings-growth ratio of 10.00 and a beta of 1.00. The firm has a 50-day moving average of $13.56 and a two-hundred day moving average of $13.10.

F.N.B. (NYSE:FNB) last issued its earnings results on Thursday, April 18th. The bank reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01. The business had revenue of $406.87 million for the quarter, compared to analyst estimates of $406.96 million. F.N.B. had a return on equity of 9.51% and a net margin of 19.73%. During the same period last year, the company posted $0.40 EPS. On average, equities research analysts forecast that F.N.B. Co. will post 1.41 EPS for the current year.

F.N.B. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Thursday, June 6th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.40%. The ex-dividend date is Thursday, June 6th. F.N.B.’s dividend payout ratio (DPR) is currently 38.71%.

Insider Buying and Selling at F.N.B.

In related news, Director William B. Campbell acquired 2,500 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were bought at an average cost of $13.48 per share, with a total value of $33,700.00. Following the completion of the transaction, the director now directly owns 149,458 shares of the company’s stock, valued at approximately $2,014,693.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have purchased 6,500 shares of company stock valued at $87,505 over the last three months. 1.03% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. First Command Advisory Services Inc. purchased a new stake in shares of F.N.B. during the third quarter worth about $27,000. Clearstead Advisors LLC acquired a new position in F.N.B. in the third quarter valued at approximately $36,000. Vestor Capital LLC acquired a new position in F.N.B. in the fourth quarter valued at approximately $42,000. Hexagon Capital Partners LLC boosted its stake in F.N.B. by 272.9% in the fourth quarter. Hexagon Capital Partners LLC now owns 3,882 shares of the bank’s stock valued at $53,000 after acquiring an additional 2,841 shares during the period. Finally, Blue Trust Inc. boosted its stake in F.N.B. by 56.2% in the fourth quarter. Blue Trust Inc. now owns 7,099 shares of the bank’s stock valued at $98,000 after acquiring an additional 2,553 shares during the period. 79.25% of the stock is owned by hedge funds and other institutional investors.

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.