Assenagon Asset Management S.A. Has $13.74 Million Stock Position in F.N.B. Co. (NYSE:FNB)

Assenagon Asset Management S.A. raised its position in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 490.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 929,683 shares of the bank's stock after purchasing an additional 772,134 shares during the quarter. Assenagon Asset Management S.A. owned 0.26% of F.N.B. worth $13,741,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Signaturefd LLC lifted its position in F.N.B. by 16.7% in the 3rd quarter. Signaturefd LLC now owns 5,592 shares of the bank's stock worth $79,000 after buying an additional 799 shares in the last quarter. Hancock Whitney Corp raised its holdings 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 worth $1,721,000 after acquiring an additional 947 shares in the last quarter. Bank of Montreal Can boosted its position in F.N.B. by 2.2% during the second quarter. Bank of Montreal Can now owns 47,679 shares of the bank's stock valued at $653,000 after purchasing an additional 1,040 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in F.N.B. by 31.4% in 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. Finally, TD Private Client Wealth LLC increased its position in F.N.B. by 27.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 6,332 shares of the bank's stock worth $89,000 after purchasing an additional 1,383 shares during the last quarter. Hedge funds and other institutional investors own 79.25% of the company's stock.

F.N.B. Stock Performance

Shares of F.N.B. stock traded up $0.28 on Friday, reaching $15.61. The stock had a trading volume of 4,140,039 shares, compared to its average volume of 2,183,759. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 0.93. The business's 50-day moving average price is $15.76 and its two-hundred day moving average price is $14.83. The stock has a market cap of $5.61 billion, a P/E ratio of 14.32, a price-to-earnings-growth ratio of 4.41 and a beta of 1.01. F.N.B. Co. has a fifty-two week low of $12.49 and a fifty-two week high of $17.70.

F.N.B. (NYSE:FNB - Get Free Report) last released its earnings results on Thursday, October 17th. The bank reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.02). The firm had revenue of $413.02 million for the quarter, compared to analyst estimates of $409.80 million. F.N.B. had a return on equity of 8.49% and a net margin of 16.29%. On average, sell-side analysts forecast that F.N.B. Co. will post 1.34 EPS for the current year.

F.N.B. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Monday, December 2nd were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.48 annualized dividend and a dividend yield of 3.07%. F.N.B.'s dividend payout ratio is presently 44.04%.

Insider Activity at F.N.B.

In other news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $16.50, for a total value of $2,062,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,652,229 shares of the company's stock, valued at approximately $27,261,778.50. This represents a 7.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.22% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FNB. Wells Fargo & Company reduced their price target on F.N.B. from $19.00 to $18.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Raymond James lifted their target price on shares of F.N.B. from $17.00 to $19.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. StockNews.com raised shares of F.N.B. from a "sell" rating to a "hold" rating in a research report on Monday, October 21st. Piper Sandler restated an "overweight" rating on shares of F.N.B. in a report on Friday, October 18th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of F.N.B. from $16.00 to $18.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.00.

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.