Fisher Asset Management LLC Raises Stock Position in F.N.B. Co. (NYSE:FNB)

Fisher Asset Management LLC increased its stake in F.N.B. Co. (NYSE:FNB - Free Report) by 583.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 666,990 shares of the bank's stock after purchasing an additional 569,409 shares during the quarter. Fisher Asset Management LLC owned 0.19% of F.N.B. worth $9,858,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FNB. State of Alaska Department of Revenue boosted its holdings in F.N.B. by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 41,581 shares of the bank's stock worth $586,000 after purchasing an additional 2,830 shares during the last quarter. Principal Financial Group Inc. boosted its holdings 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 worth $69,879,000 after purchasing an additional 127,516 shares during the last quarter. Easterly Investment Partners LLC boosted its holdings in F.N.B. by 11.5% in the third quarter. Easterly Investment Partners LLC now owns 905,662 shares of the bank's stock worth $12,779,000 after purchasing an additional 93,447 shares during the last quarter. Assetmark Inc. boosted its holdings in F.N.B. by 23.9% in the third quarter. Assetmark Inc. now owns 13,117 shares of the bank's stock worth $185,000 after purchasing an additional 2,527 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in F.N.B. in the third quarter worth approximately $447,000. Hedge funds and other institutional investors own 79.25% of the company's stock.

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Insider Activity at F.N.B.

In related news, Director William B. Campbell bought 3,000 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was bought at an average cost of $15.57 per share, with a total value of $46,710.00. Following the completion of the purchase, 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 acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David L. Motley sold 15,000 shares of the firm's stock in a transaction 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 transaction, the director now directly owns 65,344 shares of the company's stock, valued at $1,013,485.44. The trade was a 18.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on FNB. Raymond James increased 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. Wells Fargo & Company decreased their price target on shares of F.N.B. from $19.00 to $18.00 and set an "overweight" rating on the stock in a research report on Monday, January 6th. Piper Sandler decreased their price target on shares of 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. DA Davidson increased their price target on shares of F.N.B. from $19.00 to $20.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods increased their price target on shares of F.N.B. from $16.00 to $18.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $18.50.

F.N.B. Price Performance

Shares of FNB stock traded down $0.03 on Friday, hitting $13.75. 3,313,732 shares of the stock traded hands, compared to its average volume of 2,216,325. The firm has a market cap of $4.94 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 3.60 and a beta of 1.01. F.N.B. Co. has a 52 week low of $12.49 and a 52 week high of $17.70. The firm has a 50 day simple moving average of $15.11 and a two-hundred day simple moving average of $15.05. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.94 and a quick ratio of 0.94.

F.N.B. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.48 annualized dividend and a yield of 3.49%. F.N.B.'s payout ratio is 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.