Arrowstreet Capital Limited Partnership lessened its position in F.N.B. Co. (NYSE:FNB - Free Report) by 78.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 252,665 shares of the bank's stock after selling 917,306 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.07% of F.N.B. worth $3,734,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of FNB. AlphaQuest LLC increased its position in F.N.B. by 3,589.8% during the fourth quarter. AlphaQuest LLC now owns 1,808 shares of the bank's stock valued at $27,000 after acquiring an additional 1,759 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of F.N.B. by 100.9% in the 4th quarter. Versant Capital Management Inc now owns 4,011 shares of the bank's stock valued at $59,000 after purchasing an additional 2,014 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of F.N.B. by 31.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank's stock worth $65,000 after purchasing an additional 1,100 shares during the period. Sandy Spring Bank purchased a new stake in F.N.B. in the fourth quarter worth $67,000. Finally, R Squared Ltd purchased a new stake in shares of F.N.B. in the fourth quarter valued at approximately $69,000. Hedge funds and other institutional investors own 79.25% of the company's stock.
Insider Buying and Selling at F.N.B.
In other F.N.B. news, Director David L. Motley sold 15,000 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were 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 represents a 18.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William B. Campbell acquired 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was acquired at an average cost of $15.57 per share, with a total value of $46,710.00. Following the completion of the acquisition, the director now directly 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 disclosure for this purchase can be found here. 1.03% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of analysts recently commented on FNB shares. Piper Sandler lowered their target price on shares of 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. Wells Fargo & Company decreased 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, DA Davidson boosted their price target on 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 investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.17.
Check Out Our Latest Research Report on F.N.B.
F.N.B. Price Performance
FNB traded up $0.14 during midday trading on Monday, reaching $11.93. 67,721 shares of the company's stock were exchanged, compared to its average volume of 2,408,816. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.94 and a quick ratio of 0.94. The business's 50-day moving average price is $13.90 and its 200 day moving average price is $14.81. The stock has a market capitalization of $4.29 billion, a PE ratio of 9.41, a P/E/G ratio of 3.60 and a beta of 0.86. F.N.B. Co. has a 1-year low of $10.88 and a 1-year high of $17.70.
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 dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.03%. The ex-dividend date was Monday, March 3rd. F.N.B.'s dividend payout ratio (DPR) is 38.10%.
About F.N.B.
(
Free Report)
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.
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