Fmr LLC Has $260.84 Million Stake in F.N.B. Co. (NYSE:FNB)

FMR LLC increased its stake in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,647,865 shares of the bank's stock after purchasing an additional 42,922 shares during the period. FMR LLC owned approximately 4.91% of F.N.B. worth $260,835,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Jane Street Group LLC boosted its position in shares of F.N.B. by 780.7% during the third 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 in the last quarter. Oak Thistle LLC raised its stake 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 buying an additional 51,763 shares during the period. Prudential Financial Inc. lifted its holdings in F.N.B. by 51.1% during the fourth quarter. Prudential Financial Inc. now owns 112,920 shares of the bank's stock worth $1,669,000 after acquiring an additional 38,180 shares in the last quarter. Stifel Financial Corp grew its stake in F.N.B. by 6.6% in the third quarter. Stifel Financial Corp now owns 28,669 shares of the bank's stock valued at $405,000 after acquiring an additional 1,768 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of F.N.B. by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,940,425 shares of the bank's stock worth $58,239,000 after acquiring an additional 51,862 shares in the last quarter. Institutional investors own 79.25% of the company's stock.

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Insider Buying and Selling

In other news, Director William B. Campbell bought 3,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were acquired 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 owns 158,834 shares in the company, valued at approximately $2,473,045.38. This represents a 1.93 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David L. Motley sold 15,000 shares of the 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 completion of the sale, the director now owns 65,344 shares of the company's stock, valued at approximately $1,013,485.44. This represents a 18.67 % decrease in their position. 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

FNB has been the subject of several research analyst reports. DA Davidson boosted their price objective on F.N.B. from $19.00 to $20.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. 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 report on Thursday, January 23rd. Finally, Wells Fargo & Company cut their price objective on shares of 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. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $18.17.

F.N.B. Stock Up 2.1 %

FNB traded up $0.25 during trading hours on Tuesday, hitting $12.31. 3,561,188 shares of the company's stock were exchanged, compared to its average volume of 2,426,761. 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. Co. has a 1-year low of $10.88 and a 1-year high of $17.70. The stock's 50-day moving average is $13.82 and its two-hundred day moving average is $14.79. The stock has a market cap of $4.43 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 3.60 and a beta of 0.86.

F.N.B. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend was Monday, March 3rd. F.N.B.'s dividend payout ratio is currently 38.10%.

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.