California Public Employees Retirement System cut its stake in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 10.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 570,713 shares of the bank's stock after selling 63,073 shares during the quarter. California Public Employees Retirement System owned 0.16% of F.N.B. worth $8,435,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of FNB. Vanguard Group Inc. lifted its stake in shares of F.N.B. by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 39,416,478 shares of the bank's stock worth $582,576,000 after acquiring an additional 305,826 shares during the period. PL Capital Advisors LLC acquired a new stake in F.N.B. in the fourth quarter valued at about $308,616,000. State Street Corp boosted its holdings in F.N.B. by 1.9% in the 3rd quarter. State Street Corp now owns 15,185,397 shares of the bank's stock valued at $214,266,000 after purchasing an additional 278,825 shares in the last quarter. Principal Financial Group Inc. increased its position in F.N.B. by 2.6% during the 3rd quarter. Principal Financial Group Inc. now owns 4,952,429 shares of the bank's stock worth $69,879,000 after purchasing an additional 127,516 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of F.N.B. by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,940,425 shares of the bank's stock worth $58,239,000 after buying an additional 51,862 shares in the last quarter. 79.25% of the stock is currently owned by hedge funds and other institutional investors.
F.N.B. Price Performance
NYSE FNB traded down $0.02 during trading hours on Friday, reaching $11.78. The company's stock had a trading volume of 3,301,529 shares, compared to its average volume of 2,415,010. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 0.94. The company's 50-day moving average is $13.90 and its two-hundred day moving average is $14.80. F.N.B. Co. has a fifty-two week low of $10.88 and a fifty-two week high of $17.70. The stock has a market cap of $4.24 billion, a PE ratio of 9.35, a PEG ratio of 3.60 and a beta of 0.86.
F.N.B. Announces Dividend
The firm 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. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.07%. F.N.B.'s dividend payout ratio (DPR) is 38.10%.
Analyst Ratings Changes
A number of analysts recently weighed in on FNB shares. Piper Sandler decreased their price target on 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. Wells Fargo & Company decreased their target price on shares of F.N.B. from $18.00 to $16.00 and set an "overweight" rating on the stock in a research report on Wednesday. Finally, DA Davidson increased their price target on shares of F.N.B. from $19.00 to $20.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $18.17.
View Our Latest Analysis on F.N.B.
Insider Transactions at F.N.B.
In other news, Director William B. Campbell purchased 3,000 shares of the firm's stock in a transaction on Wednesday, February 5th. The shares were bought at an average cost of $15.57 per share, with a total value of $46,710.00. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David L. Motley sold 15,000 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were 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 approximately $1,013,485.44. This represents a 18.67 % decrease in their position. The disclosure for this sale can be found here. Corporate 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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