F.N.B. Co. (NYSE:FNB) Shares Bought by Bill Few Associates Inc.

Bill Few Associates Inc. increased its position in F.N.B. Co. (NYSE:FNB) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,332 shares of the bank’s stock after buying an additional 1,023 shares during the period. Bill Few Associates Inc.’s holdings in F.N.B. were worth $1,365,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Kathleen S. Wright Associates Inc. acquired a new position in F.N.B. in the 3rd quarter valued at $28,000. Brooklyn Investment Group acquired a new position in F.N.B. in the third quarter valued at $31,000. Richardson Financial Services Inc. lifted its position in F.N.B. by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock worth $41,000 after buying an additional 1,473 shares during the period. UMB Bank n.a. boosted its position in shares of F.N.B. by 82.3% in the third quarter. UMB Bank n.a. now owns 3,687 shares of the bank’s stock worth $52,000 after acquiring an additional 1,665 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in F.N.B. by 100.9% during the fourth quarter. Versant Capital Management Inc now owns 4,011 shares of the bank’s stock worth $59,000 after purchasing an additional 2,014 shares during the last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on FNB. StockNews.com raised shares of F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Raymond James upped their price target on F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Keefe, Bruyette & Woods lifted their price objective on F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Wells Fargo & Company dropped their target price on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Finally, Stephens boosted their price objective on shares of F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Two investment analysts have rated the stock with a hold 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 an average target price of $18.00.

Insider Activity at F.N.B.

In other F.N.B. news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $16.50, for a total value of $2,062,500.00. Following the transaction, the chief executive officer now directly owns 1,652,229 shares of the company’s stock, valued at $27,261,778.50. This represents a 7.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.03% of the company’s stock.

F.N.B. Stock Performance

F.N.B. stock opened at $15.56 on Thursday. The firm has a market capitalization of $5.60 billion, a PE ratio of 14.28, a price-to-earnings-growth ratio of 4.91 and a beta of 1.01. F.N.B. Co. has a one year low of $12.49 and a one year high of $17.70. The stock’s 50 day moving average price is $15.70 and its 200 day moving average price is $14.88. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 0.93.

F.N.B. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd were paid a $0.12 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.48 annualized dividend and a dividend yield of 3.08%. F.N.B.’s dividend payout ratio (DPR) is presently 44.04%.

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.