PL Capital Advisors LLC Takes Position in F.N.B. Co. (NYSE:FNB)

PL Capital Advisors LLC purchased a new stake in F.N.B. Co. (NYSE:FNB - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 20,880,667 shares of the bank's stock, valued at approximately $308,616,000. F.N.B. accounts for 3.6% of PL Capital Advisors LLC's holdings, making the stock its 9th biggest position. PL Capital Advisors LLC owned approximately 5.81% of F.N.B. at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FNB. Creative Planning grew its holdings in F.N.B. by 3.0% in the 3rd quarter. Creative Planning now owns 60,731 shares of the bank's stock valued at $857,000 after buying an additional 1,757 shares during the period. Signaturefd LLC grew its holdings in F.N.B. by 16.7% in the 3rd quarter. Signaturefd LLC now owns 5,592 shares of the bank's stock valued at $79,000 after buying an additional 799 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of F.N.B. during the 3rd quarter worth about $2,223,000. Dakota Wealth Management purchased a new stake in shares of F.N.B. during the 3rd quarter worth about $157,000. Finally, State of Alaska Department of Revenue grew its holdings in shares of F.N.B. by 7.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 41,581 shares of the bank's stock worth $586,000 after purchasing an additional 2,830 shares during the period. Hedge funds and other institutional investors own 79.25% of the company's stock.

Insider Buying and Selling

In other F.N.B. news, Director William B. Campbell bought 3,000 shares of the business's stock in a transaction on Wednesday, February 5th. The shares were bought at an average cost of $15.57 per share, with a total value of $46,710.00. Following the transaction, the director now directly owns 158,834 shares in the company, valued at approximately $2,473,045.38. This trade represents a 1.93 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David L. Motley sold 15,000 shares of the company'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 value of $232,650.00. Following the completion of the transaction, 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. 1.03% of the stock is currently owned by corporate insiders.

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Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on FNB shares. Wells Fargo & Company decreased their target price on F.N.B. from $19.00 to $18.00 and set an "overweight" rating for the company in a report on Monday, January 6th. 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. 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. Piper Sandler decreased their target price on F.N.B. from $19.00 to $18.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. Finally, 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. Two investment 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.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $18.50.

F.N.B. Stock Up 1.2 %

F.N.B. stock traded up $0.18 during midday trading on Friday, hitting $14.83. 2,668,090 shares of the company were exchanged, compared to its average volume of 2,442,328. The company's fifty day moving average price is $15.18 and its 200-day moving average price is $15.05. The company has a market cap of $5.33 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 3.60 and a beta of 1.01. 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. Co. has a fifty-two week low of $12.49 and a fifty-two week high of $17.70.

F.N.B. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend 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 presently 38.10%.

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.