Wellington Management Group LLP Decreases Position in F.N.B. Co. (NYSE:FNB)

Wellington Management Group LLP decreased its stake in F.N.B. Co. (NYSE:FNB) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,270,574 shares of the bank’s stock after selling 179,242 shares during the period. Wellington Management Group LLP owned approximately 0.63% of F.N.B. worth $31,266,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of FNB. Vestor Capital LLC acquired a new position in shares of F.N.B. in the fourth quarter worth about $42,000. Hexagon Capital Partners LLC lifted its stake in shares of F.N.B. by 272.9% in the fourth quarter. Hexagon Capital Partners LLC now owns 3,882 shares of the bank’s stock worth $53,000 after acquiring an additional 2,841 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of F.N.B. by 56.2% in the fourth quarter. Blue Trust Inc. now owns 7,099 shares of the bank’s stock worth $98,000 after acquiring an additional 2,553 shares in the last quarter. Anchor Investment Management LLC acquired a new position in shares of F.N.B. in the fourth quarter worth about $110,000. Finally, Quent Capital LLC raised its stake in F.N.B. by 26.4% during the fourth quarter. Quent Capital LLC now owns 10,629 shares of the bank’s stock valued at $146,000 after buying an additional 2,221 shares in the last quarter. Hedge funds and other institutional investors own 79.25% of the company’s stock.

Insider Activity at F.N.B.

In other F.N.B. news, Director William B. Campbell bought 2,500 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were purchased at an average cost of $13.48 per share, for a total transaction of $33,700.00. Following the transaction, the director now directly owns 149,458 shares in the company, valued at $2,014,693.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.03% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

FNB has been the topic of several research reports. Wells Fargo & Company upped their price objective on F.N.B. from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, May 27th. Finally, Stephens cut their price objective on F.N.B. from $16.00 to $15.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, F.N.B. has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

F.N.B. Stock Up 2.0 %

Shares of F.N.B. stock opened at $13.29 on Tuesday. 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 business’s 50 day simple moving average is $13.50 and its 200-day simple moving average is $13.49. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 9.29 and a beta of 0.99. F.N.B. Co. has a twelve month low of $10.24 and a twelve month high of $14.39.

F.N.B. (NYSE:FNB) last issued its quarterly earnings data on Thursday, April 18th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $406.96 million. During the same period in the prior year, the company posted $0.40 EPS. Equities research analysts forecast that F.N.B. Co. will post 1.4 earnings per share for the current year.

F.N.B. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, June 15th. Investors of record on Thursday, June 6th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.61%. The ex-dividend date was Thursday, June 6th. F.N.B.’s dividend payout ratio is currently 38.71%.

F.N.B. 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.