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Oak Thistle LLC Grows Stake in F.N.B. Co. (NYSE:FNB)

F.N.B. logo with Finance background

Oak Thistle LLC raised its position in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 117.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 95,737 shares of the bank's stock after purchasing an additional 51,763 shares during the quarter. Oak Thistle LLC's holdings in F.N.B. were worth $1,415,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its holdings in F.N.B. by 11.6% in the second quarter. Commonwealth Equity Services LLC now owns 61,751 shares of the bank's stock worth $845,000 after purchasing an additional 6,412 shares in the last quarter. Victory Capital Management Inc. grew its holdings in F.N.B. by 23.4% in the second quarter. Victory Capital Management Inc. now owns 125,280 shares of the bank's stock worth $1,714,000 after purchasing an additional 23,764 shares during the period. Meeder Advisory Services Inc. bought a new stake in F.N.B. in the second quarter valued at $162,000. Dimensional Fund Advisors LP raised its holdings in shares of F.N.B. by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank's stock valued at $303,361,000 after purchasing an additional 647,335 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its position in shares of F.N.B. by 17.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 30,463 shares of the bank's stock worth $417,000 after purchasing an additional 4,574 shares in the last quarter. Institutional investors own 79.25% of the company's stock.

Insider Activity

In related news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the stock in a transaction dated Friday, December 6th. The stock was 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. This represents a 7.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.03% of the company's stock.

Analysts Set New Price Targets

FNB has been the topic of a number of recent research reports. Wells Fargo & Company cut their target price 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. Stephens raised their price target on shares of F.N.B. from $16.00 to $18.00 and gave the company an "overweight" rating in a research report on Monday, October 21st. Piper Sandler reissued an "overweight" rating on shares of F.N.B. in a report on Friday, October 18th. 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 report on Thursday, November 21st. Finally, StockNews.com upgraded F.N.B. from a "sell" rating to a "hold" rating in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $18.00.

View Our Latest Analysis on FNB

F.N.B. Stock Performance

Shares of F.N.B. stock traded up $0.45 during trading hours on Wednesday, hitting $15.55. 2,843,773 shares of the company's stock traded hands, compared to its average volume of 2,354,153. The stock has a market capitalization of $5.59 billion, a price-to-earnings ratio of 14.27 and a beta of 1.01. F.N.B. Co. has a 12-month low of $12.49 and a 12-month high of $17.70. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.92. The company has a fifty day simple moving average of $15.81 and a 200-day simple moving average of $14.81.

F.N.B. (NYSE:FNB - Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The bank reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). F.N.B. had a net margin of 16.29% and a return on equity of 8.49%. The firm had revenue of $413.02 million for the quarter, compared to the consensus estimate of $409.80 million. Equities research analysts anticipate that F.N.B. Co. will post 1.34 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd were paid a $0.12 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.48 annualized dividend and a dividend yield of 3.09%. F.N.B.'s payout ratio is 44.04%.

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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Institutional Ownership by Quarter for F.N.B. (NYSE:FNB)

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