Y Intercept Hong Kong Ltd reduced its stake in F.N.B. Co. (NYSE:FNB - Free Report) by 56.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,991 shares of the bank's stock after selling 30,347 shares during the period. Y Intercept Hong Kong Ltd's holdings in F.N.B. were worth $340,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of FNB. Brooklyn Investment Group acquired a new position in shares of F.N.B. during the 3rd quarter worth about $31,000. Versant Capital Management Inc raised its stake in 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 acquiring an additional 2,014 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in F.N.B. by 31.4% during the third 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. R Squared Ltd acquired a new position in shares of F.N.B. in the fourth quarter valued at $69,000. Finally, Quarry LP acquired a new stake in shares of F.N.B. during the 3rd quarter worth about $73,000. 79.25% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on FNB. Piper Sandler cut 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 research report on Thursday, January 23rd. Raymond James lifted their price objective on shares of F.N.B. from $17.00 to $19.00 and gave the stock an "outperform" rating in a research note on Thursday, November 21st. Keefe, Bruyette & Woods increased their target price on shares of F.N.B. from $16.00 to $18.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. DA Davidson increased 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. Finally, Wells Fargo & Company cut their target price on F.N.B. from $19.00 to $18.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.50.
Check Out Our Latest Report on F.N.B.
F.N.B. Price Performance
FNB traded down $0.02 on Friday, reaching $13.76. The stock had a trading volume of 1,525,873 shares, compared to its average volume of 2,205,728. The firm has a 50-day moving average of $15.14 and a 200-day moving average of $15.06. F.N.B. Co. has a fifty-two week low of $12.49 and a fifty-two week high of $17.70. The company has a market capitalization of $4.95 billion, a price-to-earnings ratio of 10.91, a price-to-earnings-growth ratio of 3.60 and a beta of 1.01. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48.
F.N.B. Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.49%. F.N.B.'s dividend payout ratio (DPR) is presently 38.10%.
Insider Transactions at F.N.B.
In other news, 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 transaction, the director now owns 65,344 shares of the company's stock, valued at $1,013,485.44. This represents a 18.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William B. Campbell bought 3,000 shares of the business's stock in a transaction on Wednesday, February 5th. The stock was bought at an average price of $15.57 per share, with a total value of $46,710.00. Following the purchase, the director now owns 158,834 shares in the company, valued at $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. 1.03% of the stock is owned by company insiders.
F.N.B. 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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