Prudential Financial Inc. Grows Holdings in F.N.B. Co. (NYSE:FNB)

Prudential Financial Inc. grew its position in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 51.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 112,920 shares of the bank's stock after buying an additional 38,180 shares during the quarter. Prudential Financial Inc.'s holdings in F.N.B. were worth $1,669,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Savant Capital LLC lifted its position in shares of F.N.B. by 1.4% during the fourth quarter. Savant Capital LLC now owns 52,065 shares of the bank's stock worth $770,000 after purchasing an additional 708 shares in the last quarter. Arizona State Retirement System lifted its holdings in F.N.B. by 0.7% in the fourth quarter. Arizona State Retirement System now owns 104,354 shares of the bank's stock valued at $1,542,000 after buying an additional 765 shares during the period. United Services Automobile Association lifted its holdings in F.N.B. by 3.7% in the fourth quarter. United Services Automobile Association now owns 24,524 shares of the bank's stock valued at $362,000 after buying an additional 870 shares during the period. Bill Few Associates Inc. lifted its holdings in F.N.B. by 1.1% in the fourth quarter. Bill Few Associates Inc. now owns 92,332 shares of the bank's stock valued at $1,365,000 after buying an additional 1,023 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in F.N.B. by 31.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank's stock valued at $65,000 after buying an additional 1,100 shares during the period. 79.25% of the stock is owned by institutional investors.

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Insider Activity at F.N.B.

In other F.N.B. news, Director William B. Campbell acquired 3,000 shares of the stock in a transaction on Wednesday, February 5th. The shares were purchased at an average price of $15.57 per share, for a total transaction of $46,710.00. Following the completion of the acquisition, the director now owns 158,834 shares in the company, valued at approximately $2,473,045.38. This represents a 1.93 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David L. Motley sold 15,000 shares of the stock in a transaction dated Wednesday, February 19th. The shares were 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 approximately $1,013,485.44. The trade was a 18.67 % decrease in their position. The disclosure for this sale can be found here. 1.03% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FNB. DA Davidson increased their target price on shares of 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 price objective on shares of F.N.B. from $19.00 to $18.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company lowered their price objective on shares of F.N.B. from $18.00 to $16.00 and set an "overweight" rating for the company in a research report on Wednesday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, F.N.B. currently has a consensus rating of "Moderate Buy" and an average price target of $18.17.

F.N.B. Price Performance

FNB stock traded down $0.59 during mid-day trading on Thursday, hitting $11.98. The stock had a trading volume of 556,458 shares, compared to its average volume of 2,397,887. The company has a current ratio of 0.94, a quick 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. The firm has a market capitalization of $4.31 billion, a P/E ratio of 9.51, a P/E/G ratio of 3.60 and a beta of 0.86. The firm has a fifty day simple moving average of $14.04 and a 200 day simple moving average of $14.83.

F.N.B. Announces Dividend

The business also recently declared 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 dividend yield of 4.01%. The ex-dividend date of this dividend was Monday, March 3rd. F.N.B.'s dividend payout ratio (DPR) is presently 38.10%.

F.N.B. 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.