Fuller & Thaler Asset Management Inc. Sells 433,224 Shares of F.N.B. Co. (NYSE:FNB)

Fuller & Thaler Asset Management Inc. lowered its holdings in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 1.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,439,656 shares of the bank's stock after selling 433,224 shares during the period. F.N.B. comprises about 1.4% of Fuller & Thaler Asset Management Inc.'s portfolio, making the stock its 5th biggest holding. Fuller & Thaler Asset Management Inc. owned about 6.80% of F.N.B. worth $361,218,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. AlphaQuest LLC raised its stake in F.N.B. by 3,589.8% during the fourth quarter. AlphaQuest LLC now owns 1,808 shares of the bank's stock worth $27,000 after acquiring an additional 1,759 shares in the last quarter. Headlands Technologies LLC acquired a new position in F.N.B. during the 4th quarter worth approximately $39,000. Versant Capital Management Inc increased its position in 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 purchasing an additional 2,014 shares in the last quarter. Sandy Spring Bank bought a new position in F.N.B. in the 4th 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 institutional investors.

Insider Activity at F.N.B.

In other F.N.B. news, Director William B. Campbell bought 3,000 shares of the stock in a transaction on Wednesday, February 5th. The stock was acquired at an average cost of $15.57 per share, for a total transaction of $46,710.00. Following the completion of the acquisition, 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 position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director David L. Motley sold 15,000 shares of the 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 transaction, the director now owns 65,344 shares in the company, valued at $1,013,485.44. The trade was a 18.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.37% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on FNB shares. Wells Fargo & Company lowered their price target on shares of F.N.B. from $18.00 to $16.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. DA Davidson reiterated a "buy" rating and issued a $19.00 target price on shares of F.N.B. in a research report on Thursday, April 17th. Keefe, Bruyette & Woods upgraded F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 price target on the stock in a report on Monday. Finally, Piper Sandler lowered their price objective 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 investment analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, F.N.B. presently has an average rating of "Moderate Buy" and an average price target of $17.75.

F.N.B. Trading Up 3.9 %

NYSE FNB opened at $12.94 on Wednesday. F.N.B. Co. has a 12 month low of $10.88 and a 12 month high of $17.70. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $4.65 billion, a PE ratio of 10.27, a price-to-earnings-growth ratio of 3.60 and a beta of 0.86. The business's 50-day moving average price is $13.45 and its two-hundred day moving average price is $14.74.

F.N.B. (NYSE:FNB - Get Free Report) last announced its earnings results on Wednesday, April 16th. The bank reported $0.32 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $409.52 million. During the same period in the prior year, the business posted $0.34 earnings per share. On average, analysts expect that F.N.B. Co. will post 1.45 EPS for the current year.

F.N.B. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date was Monday, March 3rd. F.N.B.'s dividend payout ratio is presently 38.10%.

F.N.B. 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.

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