Stonebridge Financial Group LLC acquired a new stake in shares of F.N.B. Co. (NYSE:FNB - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 58,383 shares of the bank's stock, valued at approximately $863,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Point72 Asset Management L.P. purchased a new position in shares of F.N.B. in the third quarter valued at $14,190,000. Assenagon Asset Management S.A. grew its holdings in shares of 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 purchasing an additional 772,134 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of 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 purchasing an additional 316,515 shares in the last quarter. State Street Corp grew its holdings in shares of F.N.B. by 1.9% in the third quarter. State Street Corp now owns 15,185,397 shares of the bank's stock valued at $214,266,000 after purchasing an additional 278,825 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of F.N.B. by 1,164.9% in the fourth quarter. KBC Group NV now owns 286,765 shares of the bank's stock valued at $4,238,000 after purchasing an additional 264,094 shares in the last quarter. Institutional investors own 79.25% of the company's stock.
F.N.B. Trading Up 0.0 %
Shares of FNB traded up $0.01 during trading hours on Friday, reaching $15.43. 1,185,848 shares of the company traded hands, compared to its average volume of 2,558,021. The firm has a market cap of $5.55 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 3.80 and a beta of 1.01. F.N.B. Co. has a 12-month low of $12.49 and a 12-month high of $17.70. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48. The stock's fifty day moving average price is $15.29 and its 200 day moving average price is $14.99.
F.N.B. Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date is Monday, March 3rd. F.N.B.'s dividend payout ratio is currently 38.10%.
Analysts Set New Price Targets
Several research analysts have commented on FNB shares. Raymond James lifted their price objective 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. Piper Sandler dropped 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 note on Thursday, January 23rd. Wells Fargo & Company dropped 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 note on Monday, January 6th. StockNews.com raised shares of F.N.B. from a "sell" rating to a "hold" rating in a research note on Monday, October 21st. Finally, Keefe, Bruyette & Woods lifted their price objective 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. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.50.
Read Our Latest Analysis on FNB
Insider Activity
In related news, CEO Vincent J. Delie, Jr. sold 125,000 shares of F.N.B. stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $16.50, for a total value of $2,062,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,652,229 shares in the company, valued at $27,261,778.50. The trade was a 7.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William B. Campbell acquired 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was purchased at an average price 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 of the company's stock, valued at $2,473,045.38. This represents a 1.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.03% of the company's stock.
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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