Geode Capital Management LLC raised its position in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,961,104 shares of the bank's stock after buying an additional 21,325 shares during the quarter. Geode Capital Management LLC owned about 1.66% of F.N.B. worth $88,133,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. AlphaQuest LLC increased its position in shares of 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 purchasing an additional 1,759 shares in the last quarter. Versant Capital Management Inc boosted its holdings in F.N.B. by 100.9% in the fourth 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. Nomura Asset Management Co. Ltd. grew its stake in shares of 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 acquiring an additional 1,100 shares during the last quarter. Sandy Spring Bank acquired a new position in shares of F.N.B. during the fourth quarter valued at about $67,000. Finally, R Squared Ltd purchased a new position in shares of F.N.B. in the 4th quarter valued at approximately $69,000. 79.25% of the stock is currently owned by institutional investors.
Insider Activity
In other news, Director William B. Campbell acquired 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 completion of the acquisition, the director now owns 158,834 shares of the company's stock, valued at approximately $2,473,045.38. This represents a 1.93 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David L. Motley sold 15,000 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $15.51, for a total transaction of $232,650.00. Following the sale, the director now directly owns 65,344 shares in the company, valued at approximately $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. Insiders own 1.03% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the stock. DA Davidson raised their price target on shares of F.N.B. from $19.00 to $20.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. 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. Finally, Piper Sandler reduced 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. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $18.17.
Read Our Latest Stock Analysis on FNB
F.N.B. Stock Performance
Shares of FNB traded up $0.26 during mid-day trading on Tuesday, reaching $12.32. The company had a trading volume of 1,806,448 shares, compared to its average volume of 2,420,122. The stock has a market capitalization of $4.43 billion, a P/E ratio of 9.78, a PEG ratio of 3.60 and a beta of 0.86. F.N.B. Co. has a 52-week low of $10.88 and a 52-week high of $17.70. The stock has a 50 day moving average of $13.82 and a two-hundred day moving average of $14.79. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.48.
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 3.90%. F.N.B.'s payout ratio 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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