LPL Financial LLC Raises Stake in F.N.B. Co. (NYSE:FNB)

LPL Financial LLC grew its holdings in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 195.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 223,285 shares of the bank's stock after acquiring an additional 147,684 shares during the period. LPL Financial LLC owned about 0.06% of F.N.B. worth $3,300,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of FNB. AlphaQuest LLC lifted 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 valued at $27,000 after buying an additional 1,759 shares during the period. Versant Capital Management Inc lifted its stake in shares of 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 purchasing an additional 2,014 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in shares of F.N.B. by 31.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank's stock valued at $65,000 after purchasing an additional 1,100 shares in the last quarter. Sandy Spring Bank acquired a new stake in F.N.B. during the fourth quarter worth approximately $67,000. Finally, R Squared Ltd bought a new stake in F.N.B. in the fourth quarter worth approximately $69,000. 79.25% of the stock is owned by institutional investors.

Insider Activity

In other news, Director William B. Campbell purchased 3,000 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were purchased at an average price of $15.57 per share, with a total value of $46,710.00. Following the transaction, the director now directly 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David L. Motley sold 15,000 shares of F.N.B. stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $15.51, for a total value of $232,650.00. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders own 1.03% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. DA Davidson boosted their target price on shares of F.N.B. from $19.00 to $20.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Piper Sandler dropped their price target on F.N.B. from $19.00 to $18.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company reduced their price objective on F.N.B. from $18.00 to $16.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, F.N.B. presently has a consensus rating of "Moderate Buy" and an average target price of $18.17.

F.N.B. Stock Performance

FNB stock traded up $0.25 during midday trading on Tuesday, hitting $12.31. The company's stock had a trading volume of 3,561,188 shares, compared to its average volume of 2,426,761. The stock has a market cap of $4.43 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 3.60 and a beta of 0.86. F.N.B. Co. has a 1 year low of $10.88 and a 1 year high of $17.70. 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's 50-day moving average price is $13.82 and its 200 day moving average price is $14.79.

F.N.B. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend was Monday, March 3rd. F.N.B.'s dividend payout ratio is 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.