Pacer Advisors Inc. Grows Position in F.N.B. Co. (NYSE:FNB)

Pacer Advisors Inc. raised its position in shares of F.N.B. Co. (NYSE:FNB) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,598 shares of the bank’s stock after buying an additional 1,122 shares during the quarter. Pacer Advisors Inc.’s holdings in F.N.B. were worth $792,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp grew its stake in shares of F.N.B. by 1.9% during the 3rd quarter. State Street Corp now owns 15,185,397 shares of the bank’s stock valued at $214,266,000 after purchasing an additional 278,825 shares during the period. Principal Financial Group Inc. increased its stake in F.N.B. by 2.6% in the third quarter. Principal Financial Group Inc. now owns 4,952,429 shares of the bank’s stock worth $69,879,000 after purchasing an additional 127,516 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of F.N.B. by 2.8% during the third quarter. Thrivent Financial for Lutherans now owns 4,818,228 shares of the bank’s stock valued at $67,986,000 after buying an additional 130,972 shares during the period. Charles Schwab Investment Management Inc. grew its stake in F.N.B. by 6.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,888,563 shares of the bank’s stock valued at $54,868,000 after purchasing an additional 218,511 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in F.N.B. by 1.1% in the third quarter. Wellington Management Group LLP now owns 1,044,815 shares of the bank’s stock worth $14,742,000 after acquiring an additional 11,454 shares in the last quarter. 79.25% of the stock is currently owned by institutional investors.

Insider Activity at F.N.B.

In related news, CEO Vincent J. Delie, Jr. sold 125,000 shares of F.N.B. stock in a transaction on Friday, December 6th. The stock was sold at an average price of $16.50, for a total transaction of $2,062,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,652,229 shares of the company’s stock, valued at approximately $27,261,778.50. The trade was a 7.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.22% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Keefe, Bruyette & Woods lifted their price target on F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. DA Davidson boosted their price objective on F.N.B. from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Wells Fargo & Company decreased their price target on F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. StockNews.com raised F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Finally, 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 report on Thursday, November 21st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

F.N.B. Stock Down 2.4 %

Shares of NYSE FNB opened at $15.32 on Tuesday. F.N.B. Co. has a 52-week low of $12.49 and a 52-week high of $17.70. The business has a 50-day moving average price of $15.53 and a 200 day moving average price of $14.95. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.48. The stock has a market cap of $5.51 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 3.74 and a beta of 1.01.

F.N.B. Dividend Announcement

The business 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 dividend of $0.12 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.48 dividend on an annualized basis and a yield of 3.13%. F.N.B.’s payout ratio is 38.10%.

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.