Trust Co of the South Has $1.26 Million Stock Position in F.N.B. Co. (NYSE:FNB)

Trust Co of the South trimmed its stake in shares of F.N.B. Co. (NYSE:FNB) by 1.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 85,518 shares of the bank’s stock after selling 1,456 shares during the quarter. Trust Co of the South’s holdings in F.N.B. were worth $1,264,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC grew its stake in F.N.B. by 181.6% during the second quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank’s stock worth $41,045,000 after purchasing an additional 1,964,884 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of F.N.B. during the 3rd quarter worth approximately $14,190,000. Dimensional Fund Advisors LP increased its stake in shares of F.N.B. by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank’s stock valued at $303,361,000 after acquiring an additional 647,335 shares in the last quarter. Jane Street Group LLC lifted its position in shares of F.N.B. by 780.7% during the 3rd quarter. Jane Street Group LLC now owns 357,057 shares of the bank’s stock valued at $5,038,000 after acquiring an additional 316,515 shares during the period. Finally, State Street Corp lifted its position 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 acquiring an additional 278,825 shares during the period. 79.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FNB has been the subject of a number of research analyst reports. Stephens boosted their target price on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Wells Fargo & Company lifted their price objective on shares of F.N.B. from $16.00 to $19.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. 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 research report on Thursday, November 21st. Finally, Keefe, Bruyette & Woods raised their target price on F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Two 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 has a consensus rating of “Moderate Buy” and a consensus price target of $17.67.

F.N.B. Stock Performance

Shares of FNB stock traded down $0.23 during trading on Thursday, hitting $14.55. The company’s stock had a trading volume of 1,062,533 shares, compared to its average volume of 2,236,827. The business has a fifty day moving average of $15.77 and a 200-day moving average of $14.70. The company has a market cap of $5.23 billion, a PE ratio of 13.35 and a beta of 0.99. F.N.B. Co. has a 52 week low of $12.49 and a 52 week high of $17.70. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40.

F.N.B. (NYSE:FNB) last released its earnings results on Thursday, October 17th. The bank reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The business had revenue of $413.02 million for the quarter, compared to the consensus estimate of $409.80 million. F.N.B. had a return on equity of 8.49% and a net margin of 16.29%. As a group, research analysts anticipate that F.N.B. Co. will post 1.34 earnings per share for the current year.

F.N.B. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date was Monday, December 2nd. F.N.B.’s dividend payout ratio is currently 44.04%.

Insider Transactions at F.N.B.

In other news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the 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 owns 1,652,229 shares in the company, valued at approximately $27,261,778.50. This represents a 7.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.22% of the stock is currently owned by company insiders.

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.