Brandywine Global Investment Management LLC Has $12.34 Million Stock Position in F.N.B. Co. (NYSE:FNB)

Brandywine Global Investment Management LLC cut its position in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 4.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 834,784 shares of the bank's stock after selling 38,320 shares during the quarter. Brandywine Global Investment Management LLC owned 0.23% of F.N.B. worth $12,338,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AlphaQuest LLC lifted its position in shares of F.N.B. by 3,589.8% in the 4th quarter. AlphaQuest LLC now owns 1,808 shares of the bank's stock valued at $27,000 after acquiring an additional 1,759 shares in the last quarter. 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 purchasing an additional 2,014 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in shares of 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. Sandy Spring Bank acquired a new stake in shares of F.N.B. in the fourth quarter worth $67,000. Finally, R Squared Ltd purchased a new position in shares of F.N.B. during the fourth quarter valued at $69,000. 79.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at F.N.B.

In other news, Director William B. Campbell purchased 3,000 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were bought at an average price of $15.57 per share, with a total value of $46,710.00. Following the completion of the transaction, the director now directly owns 158,834 shares in the company, valued at $2,473,045.38. This trade represents a 1.93 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David L. Motley sold 15,000 shares of the company's 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 sale, the director now directly owns 65,344 shares of the company's stock, valued at approximately $1,013,485.44. This represents 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.

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F.N.B. Stock Down 5.3 %

Shares of NYSE FNB traded down $0.64 during trading hours on Friday, hitting $11.46. The stock had a trading volume of 4,874,105 shares, compared to its average volume of 2,357,905. The firm's 50-day moving average price is $14.42 and its two-hundred day moving average price is $14.91. F.N.B. Co. has a 52 week low of $10.93 and a 52 week high of $17.70. The company has a market capitalization of $4.12 billion, a P/E ratio of 9.09, a P/E/G ratio of 3.60 and a beta of 0.86. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 0.94.

F.N.B. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.12 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.48 annualized dividend and a yield of 4.19%. F.N.B.'s dividend payout ratio (DPR) is currently 38.10%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FNB shares. Wells Fargo & Company reduced their price objective on 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 reduced their price target on shares of F.N.B. from $19.00 to $18.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd. Finally, DA Davidson boosted their price objective on shares of F.N.B. from $19.00 to $20.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, F.N.B. currently has an average rating of "Moderate Buy" and an average price target of $18.50.

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.