Stieven Capital Advisors L.P. boosted its stake in F.N.B. Co. (NYSE:FNB - Free Report) by 8.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 823,591 shares of the bank's stock after acquiring an additional 60,900 shares during the period. F.N.B. accounts for about 2.2% of Stieven Capital Advisors L.P.'s holdings, making the stock its 21st biggest position. Stieven Capital Advisors L.P. owned about 0.23% of F.N.B. worth $12,173,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in F.N.B. in the third quarter worth about $31,000. Richardson Financial Services Inc. raised its position in F.N.B. by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank's stock worth $41,000 after acquiring an additional 1,473 shares during the period. Versant Capital Management Inc raised its position in F.N.B. by 100.9% in the fourth quarter. Versant Capital Management Inc now owns 4,011 shares of the bank's stock worth $59,000 after acquiring an additional 2,014 shares during the period. Nomura Asset Management Co. Ltd. raised its position 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 worth $65,000 after acquiring an additional 1,100 shares during the period. Finally, R Squared Ltd bought a new stake in F.N.B. in the fourth quarter worth about $69,000. Institutional investors own 79.25% of the company's stock.
Insider Buying and Selling
In other news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $16.50, for a total value of $2,062,500.00. Following the transaction, the chief executive officer now owns 1,652,229 shares of the company's stock, valued at $27,261,778.50. This represents a 7.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William B. Campbell purchased 3,000 shares of the firm's stock in a transaction dated Wednesday, February 5th. The stock was bought at an average cost of $15.57 per share, for a total transaction of $46,710.00. Following the acquisition, the director now directly owns 158,834 shares in the company, valued at approximately $2,473,045.38. The trade was a 1.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.22% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
FNB has been the topic of several research reports. Wells Fargo & Company lowered 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 report on Monday, January 6th. Raymond James lifted their target price on shares of F.N.B. from $17.00 to $19.00 and gave the stock an "outperform" rating in a research note on Thursday, November 21st. Keefe, Bruyette & Woods boosted their price target on shares of F.N.B. from $16.00 to $18.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. DA Davidson boosted their price target 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. Finally, Piper Sandler lowered their price target on shares of F.N.B. from $19.00 to $18.00 and set an "overweight" rating on the stock in a research report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $18.50.
Read Our Latest Research Report on F.N.B.
F.N.B. Price Performance
F.N.B. stock traded down $0.07 during midday trading on Wednesday, reaching $15.53. 1,768,774 shares of the stock were exchanged, compared to its average volume of 2,508,658. The company's fifty day moving average is $15.27 and its 200-day moving average is $15.00. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $5.58 billion, a PE ratio of 12.32, a PEG ratio of 3.68 and a beta of 1.01. F.N.B. Co. has a 52 week low of $12.49 and a 52 week high of $17.70.
F.N.B. Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date is Monday, March 3rd. F.N.B.'s dividend payout ratio (DPR) is presently 38.10%.
F.N.B. Company Profile
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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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