Insider Buying: F.N.B. Co. (NYSE:FNB) Director Acquires 3,000 Shares of Stock

F.N.B. Co. (NYSE:FNB) Director William B. Campbell bought 3,000 shares of the stock in a transaction dated Wednesday, February 5th. The stock was purchased at an average cost of $15.57 per share, for a total transaction of $46,710.00. Following the acquisition, the director now owns 158,834 shares of the company’s stock, valued at approximately $2,473,045.38. This represents a 1.93 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

F.N.B. Price Performance

NYSE:FNB traded up $0.22 during mid-day trading on Thursday, hitting $15.90. The company’s stock had a trading volume of 1,373,983 shares, compared to its average volume of 2,673,690. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48. The stock has a fifty day moving average of $15.46 and a 200-day moving average of $14.97. The company has a market capitalization of $5.72 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 3.74 and a beta of 1.01. F.N.B. Co. has a fifty-two week low of $12.49 and a fifty-two week high of $17.70.

F.N.B. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be given a $0.12 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.48 dividend on an annualized basis and a yield of 3.02%. F.N.B.’s payout ratio is 38.10%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Stephens raised their target price on shares of F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Wells Fargo & Company decreased their price target on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. DA Davidson raised their target price on F.N.B. from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Raymond James boosted their target price on F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Finally, StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Savant Capital LLC grew its stake in shares of F.N.B. by 1.4% during the 4th quarter. Savant Capital LLC now owns 52,065 shares of the bank’s stock worth $770,000 after acquiring an additional 708 shares in the last quarter. Signaturefd LLC increased its stake in F.N.B. by 16.7% in the 3rd quarter. Signaturefd LLC now owns 5,592 shares of the bank’s stock valued at $79,000 after buying an additional 799 shares during the last quarter. Hancock Whitney Corp lifted its position in F.N.B. by 0.8% during the 3rd quarter. Hancock Whitney Corp now owns 121,945 shares of the bank’s stock worth $1,721,000 after buying an additional 947 shares in the last quarter. Bill Few Associates Inc. grew its holdings in shares of F.N.B. by 1.1% in the 4th quarter. Bill Few Associates Inc. now owns 92,332 shares of the bank’s stock valued at $1,365,000 after acquiring an additional 1,023 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in F.N.B. by 2.2% during the second quarter. Bank of Montreal Can now owns 47,679 shares of the bank’s stock worth $653,000 after purchasing an additional 1,040 shares during the period. 79.25% of the stock is owned by institutional investors and hedge funds.

F.N.B. Company 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.