Alliancebernstein L.P. Decreases Holdings in F.N.B. Co. (NYSE:FNB)

Alliancebernstein L.P. lowered its stake in F.N.B. Co. (NYSE:FNB - Free Report) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 610,979 shares of the bank's stock after selling 23,890 shares during the period. Alliancebernstein L.P. owned 0.17% of F.N.B. worth $9,030,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Janus Henderson Group PLC raised its stake in shares of F.N.B. by 8.3% during the third quarter. Janus Henderson Group PLC now owns 170,106 shares of the bank's stock valued at $2,399,000 after acquiring an additional 12,978 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in F.N.B. by 10.7% in the third quarter. Quantinno Capital Management LP now owns 133,693 shares of the bank's stock valued at $1,886,000 after acquiring an additional 12,939 shares during the last quarter. Stifel Financial Corp increased its position in F.N.B. by 6.6% during 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. State Street Corp lifted its position in shares of F.N.B. by 1.9% in the 3rd quarter. State Street Corp now owns 15,185,397 shares of the bank's stock worth $214,266,000 after purchasing an additional 278,825 shares during the period. Finally, Wellington Management Group LLP boosted its stake in shares of F.N.B. by 1.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,044,815 shares of the bank's stock valued at $14,742,000 after purchasing an additional 11,454 shares during the last quarter. Institutional investors own 79.25% of the company's stock.

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Insiders Place Their Bets

In related news, Director William B. Campbell acquired 3,000 shares of the company's stock in a transaction 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 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 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 company's stock in a transaction on Wednesday, February 19th. The stock was 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. The trade was a 18.67 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.03% of the company's stock.

F.N.B. Stock Up 2.2 %

NYSE:FNB traded up $0.26 on Tuesday, hitting $12.32. The stock had a trading volume of 1,806,448 shares, compared to its average volume of 2,420,122. The company has a market cap of $4.43 billion, a PE ratio of 9.78, a P/E/G 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 business's fifty day moving average is $13.82 and its 200 day moving average is $14.79. 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. Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.48 dividend on an annualized basis and a yield of 3.90%. F.N.B.'s dividend payout ratio (DPR) is presently 38.10%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FNB. DA Davidson boosted their target price on shares of F.N.B. from $19.00 to $20.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Wells Fargo & Company cut their target price 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 lowered their target price on F.N.B. from $19.00 to $18.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.17.

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.