Barlow Wealth Partners Inc. Buys New Shares in F.N.B. Co. (NYSE:FNB)

Barlow Wealth Partners Inc. bought a new stake in shares of F.N.B. Co. (NYSE:FNB) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 20,185 shares of the bank’s stock, valued at approximately $278,000.

Other institutional investors also recently modified their holdings of the company. Capital Investment Advisory Services LLC boosted its holdings in F.N.B. by 2.8% during the third quarter. Capital Investment Advisory Services LLC now owns 37,364 shares of the bank’s stock worth $403,000 after purchasing an additional 1,006 shares during the last quarter. Inspire Investing LLC boosted its stake in shares of F.N.B. by 3.8% in the 3rd quarter. Inspire Investing LLC now owns 28,415 shares of the bank’s stock worth $307,000 after buying an additional 1,045 shares during the last quarter. GHP Investment Advisors Inc. grew its holdings in shares of F.N.B. by 1.2% in the fourth quarter. GHP Investment Advisors Inc. now owns 88,962 shares of the bank’s stock valued at $1,225,000 after acquiring an additional 1,055 shares in the last quarter. United Services Automobile Association increased its position in shares of F.N.B. by 5.6% during the third quarter. United Services Automobile Association now owns 24,159 shares of the bank’s stock valued at $261,000 after acquiring an additional 1,288 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in F.N.B. by 1.3% during the third quarter. Arizona State Retirement System now owns 102,807 shares of the bank’s stock worth $1,109,000 after acquiring an additional 1,362 shares during the period. Institutional investors and hedge funds own 79.25% of the company’s stock.

F.N.B. Stock Performance

F.N.B. stock traded down $0.07 during midday trading on Tuesday, reaching $13.87. The stock had a trading volume of 2,035,096 shares, compared to its average volume of 2,198,331. F.N.B. Co. has a 12 month low of $10.24 and a 12 month high of $14.19. The firm’s 50-day moving average price is $13.51 and its 200 day moving average price is $12.98. The firm has a market capitalization of $4.98 billion, a PE ratio of 11.19, a P/E/G ratio of 9.76 and a beta of 1.00. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.35.

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

F.N.B. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Thursday, June 6th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend is Thursday, June 6th. F.N.B.’s dividend payout ratio is currently 38.71%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Raymond James raised their target price on F.N.B. from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Monday, January 22nd. Stephens lowered their price objective on shares of F.N.B. from $16.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. StockNews.com downgraded shares of F.N.B. from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Wells Fargo & Company lifted their price target 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 report on Thursday, January 11th. They set a “buy” rating and a $15.00 price objective for the company. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Insider Activity at F.N.B.

In related news, Director William B. Campbell bought 2,500 shares of F.N.B. stock in a transaction on Tuesday, April 23rd. The stock was acquired at an average price of $13.48 per share, with a total value of $33,700.00. Following the acquisition, the director now directly 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 can be accessed through the SEC website. In the last three months, insiders have bought 6,500 shares of company stock worth $87,505. Company insiders own 1.22% of the company’s stock.

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.