Amundi Invests $2.19 Million in F.N.B. Co. (NYSE:FNB)

Amundi purchased a new stake in shares of F.N.B. Co. (NYSE:FNB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 149,144 shares of the bank's stock, valued at approximately $2,188,000.

Other hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new position in shares of F.N.B. in the 3rd quarter valued at about $31,000. Versant Capital Management Inc increased its stake in F.N.B. by 100.9% in the 4th quarter. Versant Capital Management Inc now owns 4,011 shares of the bank's stock valued at $59,000 after buying an additional 2,014 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in F.N.B. by 31.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank's stock worth $65,000 after buying an additional 1,100 shares in the last quarter. R Squared Ltd acquired a new stake in shares of F.N.B. during the 4th quarter valued at $69,000. Finally, Quarry LP purchased a new position in shares of F.N.B. during the 3rd quarter valued at $73,000. 79.25% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 purchased 3,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average price of $15.57 per share, for a total transaction of $46,710.00. Following the completion of the purchase, 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 disclosure for this purchase can be found here. Company insiders own 1.03% of the company's stock.

Remove Ads

Analysts Set New Price Targets

Several analysts recently issued reports on FNB shares. Raymond James increased their price objective on F.N.B. from $17.00 to $19.00 and gave the stock an "outperform" rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods lifted their price target on F.N.B. from $16.00 to $18.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. DA Davidson increased their price target on shares of F.N.B. from $19.00 to $20.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Piper Sandler 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 Thursday, January 23rd. Finally, Wells Fargo & Company lowered their target price 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. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $18.50.

F.N.B. Stock Performance

NYSE:FNB traded down $0.01 during midday trading on Friday, reaching $13.55. The stock had a trading volume of 4,621,288 shares, compared to its average volume of 2,236,608. The stock has a market capitalization of $4.87 billion, a P/E ratio of 10.75, a PEG ratio of 3.60 and a beta of 0.98. 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 firm's fifty day simple moving average is $14.86 and its 200-day simple moving average is $14.98.

F.N.B. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend was Monday, March 3rd. F.N.B.'s dividend payout ratio (DPR) is currently 38.10%.

F.N.B. Company 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.