F.N.B. Co. (NYSE:FNB) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP trimmed its position in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 37.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,388 shares of the bank's stock after selling 33,254 shares during the period. Quantbot Technologies LP's holdings in F.N.B. were worth $804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jane Street Group LLC grew its stake in shares of F.N.B. by 780.7% in the 3rd quarter. Jane Street Group LLC now owns 357,057 shares of the bank's stock worth $5,038,000 after buying an additional 316,515 shares in the last quarter. Oak Thistle LLC increased its stake in F.N.B. by 117.7% during the fourth quarter. Oak Thistle LLC now owns 95,737 shares of the bank's stock worth $1,415,000 after acquiring an additional 51,763 shares during the last quarter. Stifel Financial Corp raised its position in F.N.B. by 6.6% during the third quarter. Stifel Financial Corp now owns 28,669 shares of the bank's stock valued at $405,000 after purchasing an additional 1,768 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of F.N.B. by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,940,425 shares of the bank's stock valued at $58,239,000 after purchasing an additional 51,862 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of F.N.B. by 40.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 5,701 shares of the bank's stock worth $84,000 after purchasing an additional 1,631 shares during the period. 79.25% of the stock is currently owned by institutional investors.

Remove Ads

Insider Buying and Selling

In other F.N.B. news, Director William B. Campbell acquired 3,000 shares of the business's stock in a transaction that occurred 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 completion of the acquisition, the director now directly owns 158,834 shares in the company, valued at $2,473,045.38. This represents a 1.93 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David L. Motley sold 15,000 shares of the business's 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 completion of the transaction, the director now directly owns 65,344 shares of the company's stock, valued at $1,013,485.44. This trade represents a 18.67 % decrease in their position. The disclosure for this sale can be found here. 1.03% of the stock is owned by insiders.

Wall Street Analyst Weigh In

FNB has been the topic of several recent research reports. DA Davidson increased their price target on F.N.B. from $19.00 to $20.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Piper Sandler reduced 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. Keefe, Bruyette & Woods lifted their price target on shares of F.N.B. from $16.00 to $18.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Finally, Wells Fargo & Company decreased their price target on F.N.B. from $19.00 to $18.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. 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 data from MarketBeat.com, F.N.B. presently has a consensus rating of "Moderate Buy" and an average target price of $18.50.

F.N.B. Stock Down 2.4 %

NYSE FNB traded down $0.33 on Friday, reaching $13.41. 2,523,867 shares of the stock traded hands, compared to its average volume of 2,324,529. F.N.B. Co. has a 12 month low of $12.49 and a 12 month high of $17.70. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 10.64, a PEG ratio of 3.60 and a beta of 0.98. The company has a fifty day moving average price of $14.70 and a 200-day moving average price of $14.96. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 0.94.

F.N.B. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were issued a $0.12 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.48 annualized dividend and a dividend yield of 3.58%. F.N.B.'s payout ratio is currently 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.