Intellus Advisors LLC purchased a new stake in shares of F.N.B. Co. (NYSE:FNB - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 44,160 shares of the bank's stock, valued at approximately $653,000.
Several other large investors have also recently bought and sold shares of FNB. Savant Capital LLC boosted its holdings 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 worth $770,000 after purchasing an additional 708 shares during the period. Arizona State Retirement System grew its holdings in shares of F.N.B. by 0.7% during the 4th quarter. Arizona State Retirement System now owns 104,354 shares of the bank's stock valued at $1,542,000 after acquiring an additional 765 shares in the last quarter. Hancock Whitney Corp increased its stake in shares of F.N.B. by 0.8% in the third quarter. Hancock Whitney Corp now owns 121,945 shares of the bank's stock worth $1,721,000 after acquiring an additional 947 shares during the last quarter. Bill Few Associates Inc. raised its holdings 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 worth $1,365,000 after acquiring an additional 1,023 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in 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 during the last quarter. 79.25% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages have weighed in on FNB. Piper Sandler dropped their target price on 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. DA Davidson lifted their target price on shares of F.N.B. from $19.00 to $20.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods increased their price target on shares of F.N.B. from $16.00 to $18.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Finally, Wells Fargo & Company reduced their price objective on shares of F.N.B. from $19.00 to $18.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, F.N.B. presently has an average rating of "Moderate Buy" and an average target price of $18.50.
Get Our Latest Report on F.N.B.
F.N.B. Stock Performance
F.N.B. stock traded down $0.06 on Wednesday, reaching $13.87. 1,555,651 shares of the stock were exchanged, compared to its average volume of 2,236,826. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48. The firm has a fifty day moving average price of $14.77 and a two-hundred day moving average price of $14.96. The stock has a market cap of $4.99 billion, a PE ratio of 11.00, a PEG ratio of 3.60 and a beta of 0.98. F.N.B. Co. has a twelve month low of $12.49 and a twelve month high of $17.70.
F.N.B. Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.46%. The ex-dividend date was Monday, March 3rd. F.N.B.'s payout ratio is currently 38.10%.
Insider Buying and Selling at F.N.B.
In related news, Director David L. Motley sold 15,000 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $15.51, for a total value of $232,650.00. Following the completion of the sale, the director now owns 65,344 shares in the company, valued at approximately $1,013,485.44. This trade represents a 18.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William B. Campbell bought 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average cost of $15.57 per share, for a total transaction of $46,710.00. Following the completion of the transaction, the director now owns 158,834 shares of the company's stock, valued at $2,473,045.38. This represents a 1.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.03% of the company's stock.
About F.N.B.
(
Free Report)
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.
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