American Century Companies Inc. Cuts Holdings in F.N.B. Co. (NYSE:FNB)

American Century Companies Inc. lessened its stake in F.N.B. Co. (NYSE:FNB - Free Report) by 7.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,905,280 shares of the bank's stock after selling 1,052,152 shares during the period. American Century Companies Inc. owned 3.87% of F.N.B. worth $205,520,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FNB. AlphaQuest LLC increased its stake in F.N.B. by 3,589.8% during the fourth quarter. AlphaQuest LLC now owns 1,808 shares of the bank's stock worth $27,000 after acquiring an additional 1,759 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of F.N.B. during the third quarter worth about $31,000. Versant Capital Management Inc raised its stake in F.N.B. by 100.9% during the 4th quarter. Versant Capital Management Inc now owns 4,011 shares of the bank's stock valued at $59,000 after acquiring an additional 2,014 shares in the last quarter. Sandy Spring Bank bought a new position in shares of F.N.B. in the fourth quarter valued at approximately $67,000. Finally, Nomura Asset Management Co. Ltd. lifted its stake 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.

Insider Buying and Selling

In other news, Director William B. Campbell acquired 3,000 shares of the firm's stock in a transaction dated 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 transaction, the director now directly owns 158,834 shares of the company's stock, valued at approximately $2,473,045.38. This trade represents a 1.93 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David L. Motley sold 15,000 shares of F.N.B. stock in a transaction 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 transaction, the director now directly owns 65,344 shares of the company's stock, valued at $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. 1.03% of the stock is currently owned by insiders.

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Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FNB. Wells Fargo & Company reduced their target price 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. Piper Sandler decreased 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 note on Thursday, January 23rd. DA Davidson raised 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. Finally, Keefe, Bruyette & Woods boosted their price objective on 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. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $18.50.

F.N.B. Stock Down 0.9 %

F.N.B. stock traded down $0.13 during trading on Thursday, hitting $13.74. 1,625,903 shares of the company were exchanged, compared to its average volume of 2,234,520. The business's 50 day moving average is $14.77 and its 200 day moving average is $14.96. The company has a market capitalization of $4.94 billion, a P/E ratio of 10.90, a PEG ratio of 3.60 and a beta of 0.98. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48. F.N.B. Co. has a 52 week low of $12.49 and a 52 week high of $17.70.

F.N.B. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.49%. The ex-dividend date was Monday, March 3rd. F.N.B.'s dividend payout ratio (DPR) is 38.10%.

About F.N.B.

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.