Prospector Partners LLC acquired a new position in shares of F.N.B. Co. (NYSE:FNB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 818,048 shares of the bank's stock, valued at approximately $12,091,000. Prospector Partners LLC owned 0.23% of F.N.B. at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. AlphaQuest LLC increased its holdings in F.N.B. by 3,589.8% during the 4th quarter. AlphaQuest LLC now owns 1,808 shares of the bank's stock worth $27,000 after purchasing an additional 1,759 shares during the period. Headlands Technologies LLC acquired a new position in shares of F.N.B. during the fourth quarter worth about $39,000. Versant Capital Management Inc grew its position in shares of F.N.B. by 100.9% during 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 in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of F.N.B. by 31.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank's stock worth $65,000 after buying an additional 1,100 shares during the period. Finally, Sandy Spring Bank acquired a new stake in F.N.B. in the fourth quarter valued at approximately $67,000. Hedge funds and other institutional investors own 79.25% of the company's stock.
F.N.B. Stock Down 0.4 %
Shares of NYSE FNB traded down $0.05 during mid-day trading on Friday, reaching $11.76. The company had a trading volume of 1,471,034 shares, compared to its average volume of 2,406,644. The firm has a 50 day simple moving average of $13.97 and a two-hundred day simple moving average of $14.81. F.N.B. Co. has a 52-week low of $10.88 and a 52-week high of $17.70. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48. The stock has a market cap of $4.23 billion, a P/E ratio of 9.27, a PEG ratio of 3.60 and a beta of 0.86.
F.N.B. Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date was Monday, March 3rd. F.N.B.'s dividend payout ratio (DPR) is currently 38.10%.
Analysts Set New Price Targets
A number of brokerages have commented on FNB. DA Davidson increased their price objective 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. Wells Fargo & Company lowered their target price on shares of F.N.B. from $18.00 to $16.00 and set an "overweight" rating for the company in a research note on Wednesday. Finally, Piper Sandler cut 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. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $18.17.
Get Our Latest Stock Analysis on FNB
Insider Transactions at F.N.B.
In other F.N.B. news, Director David L. Motley sold 15,000 shares of F.N.B. stock in a transaction that occurred 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 owns 65,344 shares of the company's stock, valued at $1,013,485.44. The trade was a 18.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William B. Campbell acquired 3,000 shares of the firm's stock in a transaction dated Wednesday, February 5th. The stock was purchased at an average cost of $15.57 per share, with a total value of $46,710.00. Following the completion of the acquisition, the director now directly owns 158,834 shares of the company's stock, valued at approximately $2,473,045.38. This trade represents a 1.93 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.03% of the company's stock.
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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