Wealthfront Advisers LLC Purchases New Stake in F.N.B. Co. (NYSE:FNB)

Wealthfront Advisers LLC acquired a new stake in shares of F.N.B. Co. (NYSE:FNB - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 26,100 shares of the bank's stock, valued at approximately $386,000.

A number of other hedge funds have also recently made changes to their positions in the business. Savant Capital LLC lifted its position in shares of F.N.B. by 1.4% during the fourth quarter. Savant Capital LLC now owns 52,065 shares of the bank's stock valued at $770,000 after purchasing an additional 708 shares in the last quarter. Arizona State Retirement System lifted its position in shares of F.N.B. by 0.7% during the fourth quarter. Arizona State Retirement System now owns 104,354 shares of the bank's stock valued at $1,542,000 after purchasing an additional 765 shares in the last quarter. Hancock Whitney Corp lifted its position in shares of F.N.B. by 0.8% during the third quarter. Hancock Whitney Corp now owns 121,945 shares of the bank's stock valued at $1,721,000 after purchasing an additional 947 shares in the last quarter. Bill Few Associates Inc. lifted its position in shares of F.N.B. by 1.1% during the fourth quarter. Bill Few Associates Inc. now owns 92,332 shares of the bank's stock valued at $1,365,000 after purchasing an additional 1,023 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of F.N.B. by 31.4% during the third 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 in the last quarter. 79.25% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. 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 research report on Wednesday, December 4th. Wells Fargo & Company dropped their price target on shares of F.N.B. from $19.00 to $18.00 and set an "overweight" rating on the stock in a research report on Monday, January 6th. Raymond James lifted their price objective on shares of F.N.B. from $17.00 to $19.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. DA Davidson lifted their price objective on shares of F.N.B. from $19.00 to $20.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Finally, Piper Sandler lowered their price objective on shares of F.N.B. from $19.00 to $18.00 and set an "overweight" rating on the stock in a research report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $18.50.

F.N.B. Price Performance

FNB stock traded down $0.19 during midday trading on Thursday, reaching $13.54. The company had a trading volume of 1,942,858 shares, compared to its average volume of 2,229,018. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.94 and a quick ratio of 0.94. F.N.B. Co. has a 1 year low of $12.49 and a 1 year high of $17.70. The company has a market capitalization of $4.87 billion, a P/E ratio of 10.74, a P/E/G ratio of 3.60 and a beta of 0.98. The firm has a 50-day moving average price of $14.88 and a 200-day moving average price of $14.99.

F.N.B. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were paid a $0.12 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.48 dividend on an annualized basis and a yield of 3.55%. F.N.B.'s dividend payout ratio is presently 38.10%.

Insiders Place Their Bets

In other F.N.B. news, Director William B. Campbell acquired 3,000 shares of the stock in a transaction dated Wednesday, February 5th. The stock was purchased at an average cost of $15.57 per share, for a total transaction of $46,710.00. Following the acquisition, the director now owns 158,834 shares in the company, valued at $2,473,045.38. The trade was a 1.93 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David L. Motley sold 15,000 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $15.51, for a total transaction of $232,650.00. Following the completion of the sale, the director now owns 65,344 shares of the company's stock, valued at approximately $1,013,485.44. The trade was a 18.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.