Fort Washington Investment Advisors Inc. OH trimmed its stake in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 5.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,019,770 shares of the bank's stock after selling 55,290 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.28% of F.N.B. worth $15,072,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC increased its position in shares of F.N.B. by 17.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 30,463 shares of the bank's stock valued at $417,000 after purchasing an additional 4,574 shares during the last quarter. Sei Investments Co. raised its position in shares of F.N.B. by 1.8% during the 2nd quarter. Sei Investments Co. now owns 1,365,518 shares of the bank's stock worth $18,680,000 after acquiring an additional 24,474 shares in the last quarter. Bank of Montreal Can increased its stake in F.N.B. by 2.2% in the second 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 last quarter. AQR Capital Management LLC raised its holdings in F.N.B. by 181.6% during the second quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank's stock worth $41,045,000 after purchasing an additional 1,964,884 shares in the last quarter. Finally, Deerfield Management Company L.P. Series C purchased a new stake in F.N.B. in the second quarter valued at $266,000. 79.25% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on FNB. StockNews.com raised F.N.B. from a "sell" rating to a "hold" rating in a research report on Monday, October 21st. Stephens lifted their target price on shares of F.N.B. from $16.00 to $18.00 and gave the company an "overweight" rating in a report on Monday, October 21st. Piper Sandler decreased their price target 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. Wells Fargo & Company lowered their price target on F.N.B. from $19.00 to $18.00 and set an "overweight" rating on the stock in a report on Monday, January 6th. Finally, Raymond James lifted their target price on F.N.B. from $17.00 to $19.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. Two research 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 $18.50.
Read Our Latest Stock Analysis on FNB
F.N.B. Price Performance
Shares of FNB traded down $0.05 during mid-day trading on Thursday, hitting $15.50. The company's stock had a trading volume of 1,096,638 shares, compared to its average volume of 2,649,782. The firm has a 50-day simple moving average of $15.70 and a 200 day simple moving average of $14.88. 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 $5.57 billion, a P/E ratio of 14.22, a P/E/G ratio of 4.91 and a beta of 1.01. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40.
F.N.B. Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd were given a dividend of $0.12 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.48 annualized dividend and a dividend yield of 3.10%. F.N.B.'s payout ratio is currently 44.04%.
Insider Transactions at F.N.B.
In related news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the business's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $16.50, for a total transaction of $2,062,500.00. Following the sale, the chief executive officer now owns 1,652,229 shares of the company's stock, valued at approximately $27,261,778.50. The trade was a 7.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.03% of the company's stock.
F.N.B. Company Profile
(
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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