Dynamic Technology Lab Private Ltd Takes Position in F.N.B. Co. (NYSE:FNB)

Dynamic Technology Lab Private Ltd bought a new position in F.N.B. Co. (NYSE:FNB - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 75,850 shares of the bank's stock, valued at approximately $1,121,000.

Several other institutional investors and hedge funds have also recently modified their holdings of FNB. Vanguard Group Inc. raised its stake in F.N.B. by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 39,416,478 shares of the bank's stock valued at $582,576,000 after purchasing an additional 305,826 shares in the last quarter. PL Capital Advisors LLC purchased a new stake in shares of F.N.B. during the 4th quarter valued at $308,616,000. State Street Corp lifted its holdings in shares of F.N.B. by 1.9% during the 3rd quarter. State Street Corp now owns 15,185,397 shares of the bank's stock worth $214,266,000 after acquiring an additional 278,825 shares during the last quarter. Geode Capital Management LLC grew its position in F.N.B. by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 5,961,104 shares of the bank's stock worth $88,133,000 after acquiring an additional 21,325 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in F.N.B. by 2.6% in the third quarter. Principal Financial Group Inc. now owns 4,952,429 shares of the bank's stock valued at $69,879,000 after acquiring an additional 127,516 shares during the last quarter. Hedge funds and other institutional investors own 79.25% of the company's stock.

Insider Activity

In related news, 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 value of $232,650.00. Following the sale, the director now directly owns 65,344 shares of the company's stock, valued at $1,013,485.44. This represents a 18.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William B. Campbell acquired 3,000 shares of the stock in a transaction on Wednesday, February 5th. The shares were purchased at an average cost of $15.57 per share, with a total value of $46,710.00. Following the transaction, 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 position. The disclosure for this purchase can be found here. Insiders own 1.03% of the company's stock.

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Wall Street Analyst Weigh In

FNB has been the topic of a number of research reports. Wells Fargo & Company decreased their price objective on F.N.B. from $18.00 to $16.00 and set an "overweight" rating on the stock in a report on Wednesday. DA Davidson boosted their price objective 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. Finally, Piper Sandler reduced 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 report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $18.17.

F.N.B. Trading Down 1.8 %

Shares of FNB stock traded down $0.21 during mid-day trading on Friday, reaching $11.59. The stock had a trading volume of 1,065,198 shares, compared to its average volume of 2,404,777. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48. The stock's 50-day moving average price is $13.97 and its two-hundred day moving average price is $14.81. The firm has a market capitalization of $4.17 billion, a PE ratio of 9.19, a price-to-earnings-growth ratio of 3.60 and a beta of 0.86. F.N.B. Co. has a 52-week low of $10.88 and a 52-week high of $17.70.

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 given a $0.12 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.14%. F.N.B.'s dividend payout ratio is currently 38.10%.

F.N.B. 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.