PL Capital Advisors LLC Invests $20.88 Million in F.N.B. Co. (NYSE:FNB)

PL Capital Advisors LLC acquired a new position in shares of F.N.B. Co. (NYSE:FNB - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,412,765 shares of the bank's stock, valued at approximately $20,881,000. F.N.B. makes up 7.1% of PL Capital Advisors LLC's holdings, making the stock its 6th largest position. PL Capital Advisors LLC owned 0.39% of F.N.B. at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Brooklyn Investment Group purchased a new stake in F.N.B. during the 3rd quarter worth approximately $31,000. Versant Capital Management Inc boosted its holdings in shares of 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 during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings 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 worth $65,000 after purchasing an additional 1,100 shares during the last quarter. R Squared Ltd acquired a new position in shares of F.N.B. during the 4th quarter worth approximately $69,000. Finally, Quarry LP acquired a new position in shares of F.N.B. during the 3rd quarter worth approximately $73,000. 79.25% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other F.N.B. news, Director David L. Motley sold 15,000 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $15.51, for a total transaction of $232,650.00. Following the transaction, the director now directly owns 65,344 shares in the company, valued at $1,013,485.44. This represents a 18.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Vincent J. Delie, Jr. sold 125,000 shares of the company's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $16.50, for a total value of $2,062,500.00. Following the transaction, the chief executive officer now owns 1,652,229 shares in the company, valued at $27,261,778.50. This trade represents a 7.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.03% of the stock is owned by insiders.

Remove Ads

F.N.B. Trading Up 1.2 %

FNB traded up $0.18 during trading hours on Friday, reaching $14.83. The company's stock had a trading volume of 2,668,090 shares, compared to its average volume of 2,442,328. F.N.B. Co. has a fifty-two week low of $12.49 and a fifty-two week high of $17.70. The stock has a market cap of $5.33 billion, a PE ratio of 11.77, a P/E/G ratio of 3.60 and a beta of 1.01. The business's 50-day moving average is $15.18 and its 200-day moving average is $15.05. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.94 and a quick ratio of 0.94.

F.N.B. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Monday, March 3rd. F.N.B.'s dividend payout ratio (DPR) is 38.10%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on FNB shares. Wells Fargo & Company lowered 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. Keefe, Bruyette & Woods boosted their target price on F.N.B. from $16.00 to $18.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. DA Davidson boosted their target price on F.N.B. from $19.00 to $20.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Piper Sandler lowered 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 Thursday, January 23rd. Finally, Raymond James boosted their target price on F.N.B. from $17.00 to $19.00 and gave the stock an "outperform" rating in a report on Thursday, November 21st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, F.N.B. presently has an average rating of "Moderate Buy" and a consensus target price of $18.50.

F.N.B. Company 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.