F.N.B. Co. (NYSE:FNB) Shares Bought by KBC Group NV

KBC Group NV increased its position in F.N.B. Co. (NYSE:FNB - Free Report) by 1,164.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 286,765 shares of the bank's stock after acquiring an additional 264,094 shares during the quarter. KBC Group NV owned about 0.08% of F.N.B. worth $4,238,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FNB. Bank of Montreal Can raised its position in shares of F.N.B. by 2.2% during the 2nd quarter. Bank of Montreal Can now owns 47,679 shares of the bank's stock valued at $653,000 after purchasing an additional 1,040 shares during the period. Algert Global LLC bought a new stake in F.N.B. during the second quarter valued at about $494,000. Creative Planning boosted its stake in shares of F.N.B. by 2.7% in the second quarter. Creative Planning now owns 58,974 shares of the bank's stock worth $807,000 after acquiring an additional 1,570 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of F.N.B. during the second quarter worth about $553,000. Finally, Handelsbanken Fonder AB raised its stake in F.N.B. by 23.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 94,631 shares of the bank's stock valued at $1,335,000 after purchasing an additional 17,800 shares during the period. Institutional investors own 79.25% of the company's stock.

F.N.B. Trading Down 2.4 %

FNB stock traded down $0.37 during midday trading on Monday, reaching $15.32. The company's stock had a trading volume of 2,783,383 shares, compared to its average volume of 2,835,059. F.N.B. Co. has a 1 year low of $12.49 and a 1 year high of $17.70. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 3.74 and a beta of 1.01. The stock has a fifty day simple moving average of $15.57 and a two-hundred day simple moving average of $14.95. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 0.94.

F.N.B. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Monday, March 3rd. F.N.B.'s dividend payout ratio (DPR) is 38.10%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on FNB shares. Keefe, Bruyette & Woods increased their price objective on shares of F.N.B. from $16.00 to $18.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Raymond James lifted their price target on shares of F.N.B. from $17.00 to $19.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. Wells Fargo & Company dropped 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 report on Monday, January 6th. Stephens lifted their target price on F.N.B. from $16.00 to $18.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. Finally, 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 note on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.50.

Insiders Place Their Bets

In other F.N.B. news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the firm's stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $16.50, for a total value of $2,062,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,652,229 shares in the company, valued at $27,261,778.50. This trade represents a 7.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.22% of the stock is owned by company insiders.

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.