HighTower Advisors LLC Reduces Position in F.N.B. Co. (NYSE:FNB)

HighTower Advisors LLC cut its holdings in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 9.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 616,644 shares of the bank's stock after selling 61,405 shares during the period. HighTower Advisors LLC owned about 0.17% of F.N.B. worth $9,114,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Jane Street Group LLC raised its holdings in F.N.B. by 780.7% during the 3rd quarter. Jane Street Group LLC now owns 357,057 shares of the bank's stock worth $5,038,000 after purchasing an additional 316,515 shares during the last quarter. Oak Thistle LLC raised its holdings in F.N.B. by 117.7% during the 4th quarter. Oak Thistle LLC now owns 95,737 shares of the bank's stock worth $1,415,000 after purchasing an additional 51,763 shares during the last quarter. Stifel Financial Corp raised its holdings in F.N.B. by 6.6% during the 3rd quarter. Stifel Financial Corp now owns 28,669 shares of the bank's stock worth $405,000 after purchasing an additional 1,768 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of F.N.B. by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,940,425 shares of the bank's stock valued at $58,239,000 after acquiring an additional 51,862 shares in the last quarter. Finally, Petiole USA ltd increased its stake in shares of F.N.B. by 48.1% in the 3rd quarter. Petiole USA ltd now owns 175,421 shares of the bank's stock valued at $2,475,000 after acquiring an additional 57,000 shares in the last quarter. 79.25% of the stock is currently owned by institutional investors and hedge funds.

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F.N.B. Stock Down 0.0 %

FNB traded down $0.01 during mid-day trading on Friday, reaching $13.55. 4,649,090 shares of the stock were exchanged, compared to its average volume of 2,236,608. 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 stock has a market capitalization of $4.87 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 3.60 and a beta of 0.98. The company has a 50 day moving average price of $14.86 and a two-hundred day moving average price of $14.98. F.N.B. Co. has a 1 year low of $12.49 and a 1 year high of $17.70.

F.N.B. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date was Monday, March 3rd. F.N.B.'s dividend payout ratio is 38.10%.

Analyst Ratings Changes

Several analysts have recently weighed in on FNB shares. Raymond James lifted their price objective on shares of F.N.B. from $17.00 to $19.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. Wells Fargo & Company lowered 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 Monday, January 6th. Piper Sandler lowered 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. Keefe, Bruyette & Woods boosted their price target on shares of F.N.B. from $16.00 to $18.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Finally, DA Davidson boosted their price target on shares of F.N.B. from $19.00 to $20.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, F.N.B. has an average rating of "Moderate Buy" and an average price target of $18.50.

Insiders Place Their Bets

In related news, Director David L. Motley sold 15,000 shares of the business'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 transaction, the director now directly owns 65,344 shares of the company's stock, valued at approximately $1,013,485.44. The trade was a 18.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William B. Campbell purchased 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, for a total transaction of $46,710.00. Following the completion of the acquisition, the director now directly owns 158,834 shares in the company, valued at $2,473,045.38. The trade was 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.

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.