Phocas Financial Corp. Acquires 594,283 Shares of F.N.B. Corp (FNB)

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Phocas Financial Corp. grew its holdings in F.N.B. Corp (NYSE:FNB) by 90.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,253,665 shares of the bank’s stock after purchasing an additional 594,283 shares during the quarter. F.N.B. makes up 1.4% of Phocas Financial Corp.’s portfolio, making the stock its 11th biggest position. Phocas Financial Corp. owned 0.39% of F.N.B. worth $12,336,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Dupont Capital Management Corp bought a new position in shares of F.N.B. during the 4th quarter worth approximately $285,000. EJF Capital LLC grew its position in F.N.B. by 190.2% during the 3rd quarter. EJF Capital LLC now owns 1,324,330 shares of the bank’s stock worth $16,845,000 after purchasing an additional 867,930 shares during the last quarter. Stevens Capital Management LP purchased a new stake in F.N.B. during the 4th quarter worth approximately $788,000. Fifth Third Bancorp purchased a new stake in F.N.B. during the 3rd quarter worth approximately $231,000. Finally, Oakbrook Investments LLC purchased a new stake in F.N.B. during the 4th quarter worth approximately $174,000. Institutional investors and hedge funds own 78.62% of the company’s stock.

Shares of FNB stock traded down $0.10 during trading hours on Monday, hitting $10.33. The company’s stock had a trading volume of 56,215 shares, compared to its average volume of 2,509,889. The company has a market capitalization of $3.38 billion, a P/E ratio of 9.12, a price-to-earnings-growth ratio of 0.95 and a beta of 1.23. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.82 and a quick ratio of 0.81. F.N.B. Corp has a 12-month low of $9.35 and a 12-month high of $14.19.

F.N.B. (NYSE:FNB) last released its quarterly earnings data on Tuesday, January 22nd. The bank reported $0.30 EPS for the quarter, beating the consensus estimate of $0.28 by $0.02. F.N.B. had a net margin of 25.65% and a return on equity of 8.42%. The business had revenue of $300.67 million for the quarter, compared to the consensus estimate of $303.18 million. During the same period in the prior year, the firm earned $0.24 EPS. As a group, sell-side analysts forecast that F.N.B. Corp will post 1.16 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.65%. The ex-dividend date of this dividend was Monday, March 4th. F.N.B.’s dividend payout ratio is currently 42.48%.

Several research firms have recently commented on FNB. Zacks Investment Research downgraded shares of F.N.B. from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. TheStreet downgraded shares of F.N.B. from a “b-” rating to a “c+” rating in a report on Friday, December 21st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $16.00.

In related news, Director Mary Jo Dively acquired 3,000 shares of F.N.B. stock in a transaction on Tuesday, February 5th. The stock was bought at an average cost of $11.81 per share, for a total transaction of $35,430.00. Following the completion of the transaction, the director now owns 17,900 shares of the company’s stock, valued at approximately $211,399. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William B. Campbell sold 2,900 shares of the company’s stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $11.95, for a total transaction of $34,655.00. Following the transaction, the director now owns 82,240 shares of the company’s stock, valued at $982,768. The disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.

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About F.N.B.

F.N.B. Corporation, a financial holding company, provides a range of financial services primarily to consumers, corporations, governments, and small- to medium-sized businesses. The company operates through four segments: Community Banking, Wealth Management, Insurance, and Consumer Finance. It offers commercial banking solutions, including corporate and small business banking, investment real estate financing, business credit, capital market, and lease financing services.

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Institutional Ownership by Quarter for F.N.B. (NYSE:FNB)

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