Dimensional Fund Advisors LP Decreases Position in F.N.B. Co. (NYSE:FNB)

Dimensional Fund Advisors LP trimmed its stake in F.N.B. Co. (NYSE:FNB - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,014,103 shares of the bank's stock after selling 655,768 shares during the period. Dimensional Fund Advisors LP owned 5.84% of F.N.B. worth $310,588,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in FNB. AlphaQuest LLC raised its holdings in F.N.B. by 3,589.8% in the fourth quarter. AlphaQuest LLC now owns 1,808 shares of the bank's stock worth $27,000 after purchasing an additional 1,759 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of F.N.B. during the 4th quarter worth approximately $39,000. Versant Capital Management Inc raised its stake in shares of F.N.B. by 100.9% during the 4th quarter. Versant Capital Management Inc now owns 4,011 shares of the bank's stock worth $59,000 after acquiring an additional 2,014 shares in the last quarter. Sandy Spring Bank purchased a new stake in F.N.B. during the fourth quarter valued at approximately $67,000. Finally, R Squared Ltd acquired a new stake in F.N.B. in the fourth quarter valued at approximately $69,000. 79.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on FNB shares. 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 note on Wednesday, April 9th. Keefe, Bruyette & Woods raised shares of F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 price target for the company in a 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 report on Thursday, April 17th. Finally, Piper Sandler reduced their target price 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. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, F.N.B. has an average rating of "Moderate Buy" and an average target price of $17.75.

F.N.B. Stock Performance

Shares of NYSE:FNB traded down $0.11 during midday trading on Friday, reaching $13.30. The company's stock had a trading volume of 1,845,075 shares, compared to its average volume of 2,477,532. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.48. The stock has a fifty day moving average of $13.32 and a 200 day moving average of $14.72. F.N.B. Co. has a twelve month low of $10.88 and a twelve month high of $17.70. The firm has a market capitalization of $4.78 billion, a PE ratio of 10.56, a P/E/G ratio of 3.60 and a beta of 0.86.

F.N.B. (NYSE:FNB - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The bank reported $0.32 earnings per share 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 analyst estimates of $409.52 million. During the same quarter last year, the business posted $0.34 EPS. On average, equities analysts expect that F.N.B. Co. will post 1.45 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Stockholders 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 dividend yield of 3.61%. F.N.B.'s payout ratio is 38.10%.

Insider Activity

In other F.N.B. news, Director David L. Motley sold 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $15.51, for a total value of $232,650.00. Following the sale, the director now directly owns 65,344 shares of the company's stock, valued at approximately $1,013,485.44. This trade represents a 18.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William B. Campbell bought 3,000 shares of F.N.B. stock in a transaction dated Wednesday, February 5th. The shares were acquired at an average cost of $15.57 per share, with a total value of $46,710.00. Following the completion of the purchase, the director now owns 158,834 shares in the company, 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.

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.