Sei Investments Co. Increases Position in F.N.B. Co. (NYSE:FNB)

Sei Investments Co. grew its position in F.N.B. Co. (NYSE:FNB - Free Report) by 5.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,435,199 shares of the bank's stock after buying an additional 73,855 shares during the quarter. Sei Investments Co. owned 0.40% of F.N.B. worth $21,212,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in FNB. AlphaQuest LLC lifted its holdings in shares of F.N.B. by 3,589.8% in the fourth quarter. AlphaQuest LLC now owns 1,808 shares of the bank's stock valued at $27,000 after purchasing an additional 1,759 shares in the last quarter. Brooklyn Investment Group purchased a new stake in F.N.B. in the 3rd quarter valued at approximately $31,000. Versant Capital Management Inc grew its holdings in F.N.B. by 100.9% during the 4th quarter. Versant Capital Management Inc now owns 4,011 shares of the bank's stock valued at $59,000 after buying an additional 2,014 shares during the last quarter. Sandy Spring Bank acquired a new stake in F.N.B. during the 4th quarter valued at $67,000. Finally, Nomura Asset Management Co. Ltd. increased its position in 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 in the last quarter. Hedge funds and other institutional investors own 79.25% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on FNB. DA Davidson upped their target price 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. Piper Sandler reduced 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 research note on Thursday, January 23rd. Wells Fargo & Company lowered their target price on shares of 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. Finally, Keefe, Bruyette & Woods increased their price target on 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. Two 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, the company has a consensus rating of "Moderate Buy" and an average price target of $18.50.

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Insider Activity at F.N.B.

In related news, Director William B. Campbell acquired 3,000 shares of F.N.B. stock in a transaction 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 completion of the purchase, the director now directly owns 158,834 shares in the company, valued at $2,473,045.38. This trade represents a 1.93 % increase in their position. The purchase was disclosed in a document filed with the SEC, 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 value 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 position. The disclosure for this sale can be found here. Company insiders own 1.03% of the company's stock.

F.N.B. Trading Down 2.4 %

NYSE FNB traded down $0.33 during mid-day trading on Friday, hitting $13.41. The company's stock had a trading volume of 2,523,867 shares, compared to its average volume of 2,324,529. The firm has a market capitalization of $4.82 billion, a P/E ratio of 10.64, a price-to-earnings-growth ratio of 3.60 and a beta of 0.98. 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 52-week low of $12.49 and a 52-week high of $17.70. The stock's fifty day simple moving average is $14.70 and its two-hundred day simple moving average is $14.96.

F.N.B. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date was Monday, March 3rd. F.N.B.'s dividend payout ratio is presently 38.10%.

About F.N.B.

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.