Oxford Asset Management LLP Takes $311,000 Position in F.N.B. Co. (NYSE:FNB)

Oxford Asset Management LLP bought a new stake in shares of F.N.B. Co. (NYSE:FNB - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 21,014 shares of the bank's stock, valued at approximately $311,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. AlphaQuest LLC lifted its position in F.N.B. by 3,589.8% in the fourth quarter. AlphaQuest LLC now owns 1,808 shares of the bank's stock worth $27,000 after buying an additional 1,759 shares during the last quarter. Headlands Technologies LLC bought a new stake in F.N.B. in the fourth quarter worth $39,000. Versant Capital Management Inc lifted its position 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 buying an additional 2,014 shares during the last quarter. Sandy Spring Bank bought a new stake in F.N.B. in the fourth quarter worth $67,000. Finally, R Squared Ltd purchased a new stake in F.N.B. in the fourth quarter worth $69,000. 79.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FNB. Wells Fargo & Company reduced their price target on shares of 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. DA Davidson restated a "buy" rating and issued a $19.00 target price on shares of F.N.B. in a research note on Thursday, April 17th. Keefe, Bruyette & Woods upgraded shares of F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 target price on the stock in a research note on Monday, April 21st. Finally, Piper Sandler dropped their target price on shares of 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. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, F.N.B. presently has an average rating of "Moderate Buy" and an average target price of $17.75.

Insider Activity at F.N.B.

In other news, Director William B. Campbell bought 3,000 shares of the stock in a transaction on Wednesday, February 5th. The stock was bought at an average cost of $15.57 per share, for a total transaction of $46,710.00. Following the completion of the purchase, the director now directly owns 158,834 shares in the company, valued at approximately $2,473,045.38. The trade was a 1.93 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David L. Motley sold 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $15.51, for a total transaction of $232,650.00. Following the completion of the sale, the director now 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 ownership of the stock. The disclosure for this sale can be found here. 1.37% of the stock is currently owned by corporate insiders.

F.N.B. Stock Performance

Shares of FNB stock opened at $13.30 on Monday. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 3.60 and a beta of 0.86. The company's 50 day moving average is $13.32 and its 200 day moving average is $14.73. 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. Co. has a 52-week low of $10.88 and a 52-week high of $17.70.

F.N.B. (NYSE:FNB - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The bank reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.02. The company had revenue of $411.61 million for the quarter, compared to analyst estimates of $409.52 million. F.N.B. had a net margin of 18.12% and a return on equity of 8.30%. During the same period last year, the company posted $0.34 earnings per share. On average, sell-side analysts anticipate that F.N.B. Co. will post 1.45 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.61%. The ex-dividend date was Monday, March 3rd. F.N.B.'s payout ratio is 38.10%.

About F.N.B.

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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