First Trust Advisors LP Has $77.35 Million Stock Holdings in F.N.B. Co. (NYSE:FNB)

First Trust Advisors LP increased its stake in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 76.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,233,363 shares of the bank's stock after buying an additional 2,273,736 shares during the quarter. First Trust Advisors LP owned about 1.46% of F.N.B. worth $77,349,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. AlphaQuest LLC grew its position in shares of F.N.B. by 3,589.8% during the fourth quarter. AlphaQuest LLC now owns 1,808 shares of the bank's stock worth $27,000 after acquiring an additional 1,759 shares during the last quarter. Headlands Technologies LLC bought a new position in F.N.B. in the 4th quarter worth about $39,000. Versant Capital Management Inc increased its stake in shares of F.N.B. by 100.9% in the fourth 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. Sandy Spring Bank bought a new stake in shares of F.N.B. during the fourth quarter valued at approximately $67,000. Finally, R Squared Ltd acquired a new position in shares of F.N.B. during the fourth quarter worth approximately $69,000. 79.25% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director David L. Motley sold 15,000 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $15.51, for a total value of $232,650.00. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William B. Campbell acquired 3,000 shares of F.N.B. stock in a transaction that occurred 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 owns 158,834 shares of the company's stock, valued at approximately $2,473,045.38. The trade was a 1.93 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.37% of the company's stock.

F.N.B. Trading Up 1.7 %

Shares of FNB traded up $0.23 during midday trading on Thursday, hitting $13.41. The stock had a trading volume of 3,289,179 shares, compared to its average volume of 2,480,635. F.N.B. Co. has a fifty-two week low of $10.88 and a fifty-two week high of $17.70. The business has a 50-day simple moving average of $13.37 and a two-hundred day simple moving average of $14.72. 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 firm has a market cap of $4.82 billion, a P/E ratio of 10.64, a price-to-earnings-growth ratio of 3.60 and a beta of 0.86.

F.N.B. (NYSE:FNB - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The bank reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.02. F.N.B. had a net margin of 18.12% and a return on equity of 8.30%. The firm had revenue of $411.61 million for the quarter, compared to analysts' expectations of $409.52 million. During the same period in the previous year, the company posted $0.34 EPS. As a group, equities analysts forecast that F.N.B. Co. will post 1.45 EPS for the current year.

F.N.B. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.58%. The ex-dividend date was Monday, March 3rd. F.N.B.'s payout ratio is 38.10%.

Wall Street Analyst Weigh In

FNB has been the topic of several analyst reports. Piper Sandler lowered their target price on F.N.B. from $19.00 to $18.00 and set an "overweight" rating on the stock in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods raised F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 price target on the stock in a report on Monday. Wells Fargo & Company reduced their price objective on shares of F.N.B. from $18.00 to $16.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Finally, DA Davidson reiterated a "buy" rating and issued a $19.00 target price on shares of F.N.B. in a research report on Thursday, April 17th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.75.

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.