LSV Asset Management Reduces Holdings in F.N.B. Co. (NYSE:FNB)

LSV Asset Management decreased its stake in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 4.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,923,700 shares of the bank's stock after selling 88,700 shares during the period. LSV Asset Management owned 0.53% of F.N.B. worth $28,432,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Jane Street Group LLC lifted its holdings in shares of F.N.B. by 780.7% in the third quarter. Jane Street Group LLC now owns 357,057 shares of the bank's stock worth $5,038,000 after buying an additional 316,515 shares in the last quarter. Oak Thistle LLC increased 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 acquiring an additional 51,763 shares during the period. Prudential Financial Inc. lifted its stake in F.N.B. by 51.1% in the 4th quarter. Prudential Financial Inc. now owns 112,920 shares of the bank's stock worth $1,669,000 after purchasing an additional 38,180 shares in the last quarter. Stifel Financial Corp boosted its holdings in F.N.B. by 6.6% in the 3rd quarter. Stifel Financial Corp now owns 28,669 shares of the bank's stock valued at $405,000 after purchasing an additional 1,768 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of F.N.B. by 1.3% during 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 purchasing an additional 51,862 shares in the last quarter. Institutional investors own 79.25% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms recently issued reports on FNB. Wells Fargo & Company dropped their price objective on F.N.B. from $18.00 to $16.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Piper Sandler dropped their price target on F.N.B. from $19.00 to $18.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd. Finally, DA Davidson upped their price objective 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. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $18.17.

F.N.B. Price Performance

Shares of NYSE FNB traded up $0.25 during trading hours on Tuesday, reaching $12.31. 3,561,188 shares of the stock traded hands, compared to its average volume of 2,426,744. The company's 50-day simple moving average is $13.75 and its two-hundred day simple moving average is $14.78. The company has a market capitalization of $4.43 billion, a P/E ratio of 9.77, 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. 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. 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 issued 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 3.90%. F.N.B.'s payout ratio is 38.10%.

Insider Transactions at F.N.B.

In related news, Director William B. Campbell bought 3,000 shares of the stock in a transaction dated Wednesday, February 5th. The stock was bought at an average price of $15.57 per share, with a total value of $46,710.00. Following the purchase, the director now owns 158,834 shares in the company, valued at approximately $2,473,045.38. The trade was a 1.93 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David L. Motley sold 15,000 shares of the firm's stock in a transaction that occurred 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 transaction, the director now owns 65,344 shares in the company, valued at approximately $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. Company insiders own 1.03% of the company's stock.

F.N.B. Company 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.