Vestor Capital LLC Invests $42,000 in F.N.B. Co. (NYSE:FNB)

Vestor Capital LLC purchased a new position in shares of F.N.B. Co. (NYSE:FNB) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,078 shares of the bank’s stock, valued at approximately $42,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP raised its position in F.N.B. by 20.3% in the 3rd quarter. Wellington Management Group LLP now owns 2,449,816 shares of the bank’s stock valued at $26,434,000 after buying an additional 413,698 shares during the last quarter. Federated Hermes Inc. grew its stake in F.N.B. by 31.0% in the fourth quarter. Federated Hermes Inc. now owns 378,727 shares of the bank’s stock valued at $5,215,000 after purchasing an additional 89,637 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in F.N.B. by 479.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 112,574 shares of the bank’s stock valued at $1,215,000 after purchasing an additional 93,159 shares in the last quarter. Hsbc Holdings PLC grew its stake in F.N.B. by 663.2% in the third quarter. Hsbc Holdings PLC now owns 233,439 shares of the bank’s stock valued at $2,523,000 after purchasing an additional 202,853 shares in the last quarter. Finally, Cardinal Capital Management grew its stake in F.N.B. by 1.6% in the fourth quarter. Cardinal Capital Management now owns 100,537 shares of the bank’s stock valued at $1,384,000 after purchasing an additional 1,627 shares in the last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.

Insiders Place Their Bets

In related news, Director William B. Campbell purchased 2,500 shares of F.N.B. stock in a transaction that occurred on Tuesday, April 23rd. The shares were acquired at an average price 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders acquired 6,500 shares of company stock worth $87,505 in the last quarter. 1.22% of the stock is currently owned by corporate insiders.

F.N.B. Stock Performance

Shares of NYSE FNB traded down $0.01 during midday trading on Thursday, hitting $13.96. 1,810,195 shares of the company’s stock were exchanged, compared to its average volume of 2,187,758. 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. Co. has a 12 month low of $10.24 and a 12 month high of $14.19. The company’s 50 day moving average price is $13.54 and its 200 day moving average price is $13.02. The firm has a market capitalization of $5.02 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 9.76 and a beta of 1.00.

F.N.B. (NYSE:FNB) last issued its quarterly earnings data on Thursday, April 18th. The bank reported $0.34 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 firm had revenue of $406.87 million for the quarter, compared to analyst estimates of $406.96 million. During the same period in the prior year, the firm posted $0.40 EPS. As a group, analysts predict that F.N.B. Co. will post 1.41 earnings per share for the current fiscal year.

F.N.B. Dividend Announcement

The firm also recently declared 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. This represents a $0.48 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date is Thursday, June 6th. F.N.B.’s dividend payout ratio is 38.71%.

Wall Street Analysts Forecast Growth

FNB has been the subject of a number of analyst reports. Bank of America initiated coverage on F.N.B. in a research note on Thursday, January 11th. They issued a “buy” rating and a $15.00 price target for the company. StockNews.com downgraded F.N.B. from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. Raymond James lifted their target price on F.N.B. from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Monday, January 22nd. Stephens reduced their target price on F.N.B. from $16.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday, April 19th. Finally, Wells Fargo & Company lifted their target price on F.N.B. from $14.00 to $16.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat.com, 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.