F.N.B. Corporation: 3 Different Insiders Have Purchased Shares This Year

Feb. 4.14 | About: F.N.B. Corporation (FNB)

In this article, I will feature one bank that has seen intensive insider buying during the last 30 days. Intensive insider buying can be defined by the following three criteria:

  1. The stock is purchased by three or more insiders within one month.
  2. The stock is sold by no insiders in the month of intensive purchasing.
  3. At least two purchasers increased their holdings by more than 10%.

F.N.B. Corporation (NYSE:FNB) provides various financial services to consumers and small- to medium-sized businesses primarily in Pennsylvania, northeastern Ohio, and northern West Virginia.

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Insider buying during the last 30 days

Here is a table of F.N.B. Corporation's insider-trading activity during the last 30 days by insider.

Name Title Trade Date Shares Purchased Current Ownership Increase In Shares
Stephen Martz Director Jan 30 800 125,482 shares +0.6%
William Strimbu Director Jan 29 11,900 85,430 shares +16.2%
Laura Ellsworth Director Jan 27 2,900 7,966 shares +57.2%
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There have been 15,600 shares purchased by insiders during the last 30 days.

Insider buying by calendar month

Here is a table of F.N.B. Corporation's insider-trading activity by calendar month.

Month Insider buying / shares Insider selling / shares
January 2014 15,600 0
December 2013 0 0
November 2013 0 0
October 2013 3,500 0
September 2013 0 0
August 2013 0 230,412
July 2013 1,920 263,878
June 2013 0 0
May 2013 0 20,000
April 2013 0 0
March 2013 0 176,743
February 2013 0 79,000
January 2013 0 0
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There have been 21,020 shares purchased, and there have been 770,033 shares sold by insiders since January 2013. The month of January 2014 has seen the most insider buying.

Financials

F.N.B. Corporation reported the full-year 2013 financial results on January 21 with the following highlights:

Net interest income $396.0 million
Net income $117.8 million
Book value $10.49 per share
Tangible book value $5.38 per share
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Competition

F.N.B. Corporation's competitors include Huntington Bancshares (NASDAQ:HBAN), and The PNC Financial Services Group (NYSE:PNC). Here is a table comparing these companies.

Company FNB HBAN PNC
Market Cap: 1.87B 7.54B 42.58B
Employees: 2,474 11,765 49,921
Qtrly Rev Growth (yoy): 0.12 -0.06 0.06
Revenue: 500.73M 2.61B 15.30B
Operating Margin: 0.38 0.36 0.36
Net Income: 117.80M 606.87M 3.95B
EPS: 0.80 0.72 7.40
P/E: 14.80 12.60 10.80
PEG (5 yr expected): 2.95 2.53 1.49
P/S: 3.82 2.95 2.84
Insider Ownership: 0.60% 0.40% 0.10%
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F.N.B. Corporation has the highest insider ownership among these three companies.

Here is a table of these competitors' insider-trading activities during the last 12 months.

Company Insider buying / shares Insider selling / shares
HBAN 173,730 57,963
PNC 0 1,921,738
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Only F.N.B. Corporation has seen intensive insider buying during the last 30 days.

Conclusion

There have been three different insiders buying F.N.B. Corporation, and there have not been any insiders selling F.N.B. Corporation during the last 30 days. Two of these three insiders increased their holdings by more than 10%. F.N.B. Corporation has an insider ownership of 0.60%.

F.N.B. Corporation has a book value of $10.49 per share, which could be a good entry point for the stock based on the intensive insider buying.

FNB Book Value (Per Share) Chart

Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in FNB over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.