Charles Schwab Investment Management Inc. Increases Position in F.N.B. Co. (NYSE:FNB)

Charles Schwab Investment Management Inc. increased its position in F.N.B. Co. (NYSE:FNB - Free Report) by 1.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,940,425 shares of the bank's stock after buying an additional 51,862 shares during the period. Charles Schwab Investment Management Inc. owned about 1.10% of F.N.B. worth $58,239,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. PL Capital Advisors LLC bought a new stake in shares of F.N.B. during the fourth quarter valued at approximately $308,616,000. Point72 Asset Management L.P. bought a new stake in F.N.B. in the 3rd quarter valued at $14,190,000. Assenagon Asset Management S.A. increased its holdings in F.N.B. by 490.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 929,683 shares of the bank's stock valued at $13,741,000 after acquiring an additional 772,134 shares during the last quarter. Fisher Asset Management LLC lifted its stake in F.N.B. by 583.5% in the 4th quarter. Fisher Asset Management LLC now owns 666,990 shares of the bank's stock worth $9,858,000 after purchasing an additional 569,409 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of F.N.B. by 780.7% during the 3rd quarter. Jane Street Group LLC now owns 357,057 shares of the bank's stock valued at $5,038,000 after purchasing an additional 316,515 shares during the last quarter. Hedge funds and other institutional investors own 79.25% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FNB. Wells Fargo & Company reduced their target price on F.N.B. from $19.00 to $18.00 and set an "overweight" rating on the stock in a report on Monday, January 6th. Keefe, Bruyette & Woods increased their target price 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. Raymond James boosted their price target on shares of F.N.B. from $17.00 to $19.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. Piper Sandler dropped 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, DA Davidson boosted their target price on shares of F.N.B. from $19.00 to $20.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $18.50.

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Insider Buying and Selling

In related news, Director William B. Campbell acquired 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was purchased at an average cost of $15.57 per share, for a total transaction of $46,710.00. Following the purchase, the director now directly owns 158,834 shares of the company's stock, valued at $2,473,045.38. This trade represents a 1.93 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director David L. Motley sold 15,000 shares of the firm's 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 sale, the director now directly owns 65,344 shares in the company, valued at approximately $1,013,485.44. The trade was a 18.67 % decrease in their position. The disclosure for this sale can be found here. 1.03% of the stock is owned by insiders.

F.N.B. Trading Down 1.2 %

FNB traded down $0.17 during trading hours on Thursday, reaching $13.10. 2,199,477 shares of the company's stock traded hands, compared to its average volume of 2,248,773. The firm has a 50-day moving average price of $15.00 and a 200 day moving average price of $15.03. The firm has a market capitalization of $4.71 billion, a PE ratio of 10.39, a PEG ratio of 3.60 and a beta of 0.98. The company has a quick ratio of 0.94, a current 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. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend is Monday, March 3rd. F.N.B.'s dividend payout ratio (DPR) is presently 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.