Savant Capital LLC Purchases 708 Shares of F.N.B. Co. (NYSE:FNB)

Savant Capital LLC boosted its position in F.N.B. Co. (NYSE:FNB) by 1.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 52,065 shares of the bank’s stock after acquiring an additional 708 shares during the period. Savant Capital LLC’s holdings in F.N.B. were worth $770,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FNB. Brooklyn Investment Group purchased a new stake in shares of F.N.B. in the third quarter worth about $31,000. Richardson Financial Services Inc. increased its holdings in F.N.B. by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock worth $41,000 after acquiring an additional 1,473 shares during the period. Versant Capital Management Inc lifted its stake in F.N.B. by 100.9% in the 4th 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 in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in F.N.B. by 31.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank’s stock valued at $65,000 after purchasing an additional 1,100 shares during the period. Finally, R Squared Ltd bought a new position in F.N.B. in the 4th quarter valued at $69,000. 79.25% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other F.N.B. news, Director William B. Campbell purchased 3,000 shares of the stock in a transaction on Wednesday, February 5th. The stock was acquired at an average cost of $15.57 per share, with a total value of $46,710.00. Following the completion of the purchase, the director now directly owns 158,834 shares of the company’s stock, valued at approximately $2,473,045.38. This trade represents a 1.93 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Vincent J. Delie, Jr. sold 125,000 shares of the business’s 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. 1.03% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on FNB. Stephens raised their price target on shares of F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Raymond James raised their price target on shares of F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods raised their price target on shares of F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Wells Fargo & Company cut their price target on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, StockNews.com raised shares of F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

F.N.B. Stock Performance

NYSE FNB opened at $15.43 on Friday. F.N.B. Co. has a 52-week low of $12.49 and a 52-week high of $17.70. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $5.55 billion, a P/E ratio of 12.24, a P/E/G ratio of 3.80 and a beta of 1.01. The company has a fifty day moving average of $15.29 and a 200-day moving average of $14.99.

F.N.B. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Monday, March 3rd. F.N.B.’s dividend payout ratio is presently 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.