F.N.B. Co. (NYSE:FNB) Shares Purchased by Barclays PLC

Barclays PLC raised its holdings in F.N.B. Co. (NYSE:FNB - Free Report) by 18.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 533,964 shares of the bank's stock after acquiring an additional 84,125 shares during the period. Barclays PLC owned approximately 0.15% of F.N.B. worth $7,891,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of FNB. Vanguard Group Inc. lifted its position in F.N.B. by 0.8% during 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 during the last quarter. PL Capital Advisors LLC bought a new position in F.N.B. in the fourth quarter valued at $308,616,000. Geode Capital Management LLC raised its position in F.N.B. by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 5,961,104 shares of the bank's stock valued at $88,133,000 after purchasing an additional 21,325 shares in the last quarter. Principal Financial Group Inc. raised its position in F.N.B. by 2.6% during the third quarter. Principal Financial Group Inc. now owns 4,952,429 shares of the bank's stock valued at $69,879,000 after purchasing an additional 127,516 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in F.N.B. by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,940,425 shares of the bank's stock worth $58,239,000 after purchasing an additional 51,862 shares during the last quarter. Institutional investors own 79.25% of the company's stock.

Insider Activity

In related news, Director David L. Motley sold 15,000 shares of F.N.B. stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $15.51, for a total value of $232,650.00. Following the completion of the transaction, the director now owns 65,344 shares in the company, valued at approximately $1,013,485.44. This trade represents a 18.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William B. Campbell acquired 3,000 shares of the firm's stock in a transaction on Wednesday, February 5th. The shares were bought at an average price of $15.57 per share, for a total transaction of $46,710.00. Following the completion of the transaction, the director now 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on FNB shares. Keefe, Bruyette & Woods raised F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 price target for the company in a research report on Monday, April 21st. DA Davidson reissued a "buy" rating and set a $19.00 price objective on shares of F.N.B. in a research note on Thursday, April 17th. Wells Fargo & Company dropped their price target on F.N.B. from $18.00 to $16.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Finally, Piper Sandler cut their target price on F.N.B. from $19.00 to $18.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, F.N.B. presently has an average rating of "Moderate Buy" and an average price target of $17.75.

F.N.B. Stock Performance

Shares of FNB stock traded down $0.11 during trading hours on Friday, reaching $13.30. The company had a trading volume of 1,845,075 shares, compared to its average volume of 2,472,683. F.N.B. Co. has a one year low of $10.88 and a one year high of $17.70. 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 business has a fifty day moving average price of $13.32 and a 200-day moving average price of $14.73. The firm has a market cap of $4.78 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 3.60 and a beta of 0.86.

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

F.N.B. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend was Monday, March 3rd. F.N.B.'s payout ratio is 38.10%.

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.