Mutual of America Capital Management LLC Has $3.02 Million Stock Position in F.N.B. Co. (NYSE:FNB)

Mutual of America Capital Management LLC lowered its stake in shares of F.N.B. Co. (NYSE:FNB) by 3.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 213,804 shares of the bank’s stock after selling 7,712 shares during the period. Mutual of America Capital Management LLC’s holdings in F.N.B. were worth $3,015,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of F.N.B. by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 39,346,808 shares of the bank’s stock valued at $541,806,000 after purchasing an additional 156,120 shares during the period. Dimensional Fund Advisors LP increased its position in shares of F.N.B. by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 21,292,019 shares of the bank’s stock worth $293,193,000 after acquiring an additional 136,104 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of F.N.B. by 1.0% during the first quarter. Principal Financial Group Inc. now owns 4,969,587 shares of the bank’s stock worth $70,071,000 after acquiring an additional 48,336 shares in the last quarter. Norges Bank bought a new stake in shares of F.N.B. during the fourth quarter worth about $49,533,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of F.N.B. by 4.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,456,310 shares of the bank’s stock worth $47,593,000 after acquiring an additional 160,060 shares in the last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on FNB shares. Wells Fargo & Company boosted their target price on shares of F.N.B. from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $16.00 target price on shares of F.N.B. in a research report on Wednesday, June 26th. StockNews.com raised shares of F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday, May 27th. Finally, Stephens reduced their price objective on shares of F.N.B. from $16.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $15.14.

F.N.B. Stock Up 0.1 %

F.N.B. stock opened at $14.43 on Friday. F.N.B. Co. has a twelve month low of $10.24 and a twelve month high of $14.52. The firm has a 50 day moving average price of $13.57 and a 200-day moving average price of $13.51. The company has a market capitalization of $5.19 billion, a P/E ratio of 11.64, a P/E/G ratio of 9.89 and a beta of 0.99. 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. (NYSE:FNB) last released its earnings results on Thursday, April 18th. The bank reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. F.N.B. had a net margin of 19.73% and a return on equity of 9.51%. The firm had revenue of $406.87 million during the quarter, compared to the consensus estimate of $406.96 million. During the same period in the prior year, the firm earned $0.40 EPS. As a group, equities analysts predict that F.N.B. Co. will post 1.41 EPS for the current year.

F.N.B. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, June 15th. Stockholders of record on Thursday, June 6th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date was Thursday, June 6th. F.N.B.’s dividend payout ratio is currently 38.71%.

Insider Activity

In related news, Director William B. Campbell bought 2,500 shares of F.N.B. stock in a transaction dated Tuesday, April 23rd. The stock was purchased at an average cost of $13.48 per share, with a total value of $33,700.00. Following the transaction, the director now directly owns 149,458 shares of the company’s stock, valued at $2,014,693.84. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.03% of the company’s stock.

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.