Raymond James Financial Inc. bought a new stake in F.N.B. Co. (NYSE:FNB - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,069,130 shares of the bank's stock, valued at approximately $15,801,000. Raymond James Financial Inc. owned 0.30% of F.N.B. as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of FNB. PL Capital Advisors LLC acquired a new position in F.N.B. in the fourth quarter valued at $308,616,000. Point72 Asset Management L.P. acquired a new position in F.N.B. in the third quarter valued at $14,190,000. Assenagon Asset Management S.A. lifted its holdings in F.N.B. by 490.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 929,683 shares of the bank's stock valued at $13,741,000 after buying an additional 772,134 shares during the period. Fisher Asset Management LLC lifted its holdings in F.N.B. by 583.5% in the fourth quarter. Fisher Asset Management LLC now owns 666,990 shares of the bank's stock valued at $9,858,000 after buying an additional 569,409 shares during the period. Finally, Jane Street Group LLC lifted its holdings in F.N.B. by 780.7% in the third quarter. Jane Street Group LLC now owns 357,057 shares of the bank's stock valued at $5,038,000 after buying an additional 316,515 shares during the period. Institutional investors and hedge funds 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 stock in a transaction that occurred on Wednesday, February 5th. The shares were bought at an average price of $15.57 per share, for a total transaction of $46,710.00. Following the acquisition, the director now directly owns 158,834 shares of the company's stock, valued at approximately $2,473,045.38. The trade was a 1.93 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David L. Motley sold 15,000 shares of the company's stock in a transaction dated 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 sale, the director now directly 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 disclosure for this sale can be found here. 1.03% of the stock is currently owned by company insiders.
F.N.B. Stock Down 0.0 %
Shares of NYSE FNB traded down $0.01 during trading on Friday, hitting $13.55. 4,649,097 shares of the company traded hands, compared to its average volume of 2,237,071. 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. Co. has a fifty-two week low of $12.49 and a fifty-two week high of $17.70. The firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of 10.75, a P/E/G ratio of 3.60 and a beta of 0.98. The business's fifty day moving average is $14.84 and its 200 day moving average is $14.97.
F.N.B. Dividend Announcement
The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 3.54%. F.N.B.'s dividend payout ratio is presently 38.10%.
Analyst Ratings Changes
FNB has been the topic of several recent analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of F.N.B. from $16.00 to $18.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Piper Sandler dropped their price objective on shares of F.N.B. from $19.00 to $18.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. DA Davidson upped their price objective on shares of F.N.B. from $19.00 to $20.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Finally, Wells Fargo & Company dropped their price objective on shares of F.N.B. from $19.00 to $18.00 and set an "overweight" rating on the stock in a report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $18.50.
Check Out Our Latest Stock Report on FNB
About F.N.B.
(
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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