Teacher Retirement System of Texas lessened its holdings in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 27.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 84,260 shares of the bank's stock after selling 32,116 shares during the quarter. Teacher Retirement System of Texas' holdings in F.N.B. were worth $1,245,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in F.N.B. during the 3rd quarter worth approximately $166,000. Charles Schwab Investment Management Inc. raised its stake in shares of F.N.B. by 6.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,888,563 shares of the bank's stock valued at $54,868,000 after acquiring an additional 218,511 shares in the last quarter. Cerity Partners LLC boosted its holdings in F.N.B. by 120.3% in the third quarter. Cerity Partners LLC now owns 56,632 shares of the bank's stock valued at $799,000 after purchasing an additional 30,920 shares during the period. Fisher Asset Management LLC grew its stake in F.N.B. by 67.8% during the 3rd quarter. Fisher Asset Management LLC now owns 97,581 shares of the bank's stock worth $1,377,000 after purchasing an additional 39,436 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in F.N.B. during the 3rd quarter worth $1,237,000. Hedge funds and other institutional investors own 79.25% of the company's stock.
F.N.B. Stock Up 1.8 %
F.N.B. stock traded up $0.24 during mid-day trading on Wednesday, hitting $13.66. The company had a trading volume of 1,936,169 shares, compared to its average volume of 2,329,879. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.48. F.N.B. Co. has a 1 year low of $12.49 and a 1 year high of $17.70. The business has a fifty day moving average of $14.57 and a 200 day moving average of $14.95. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 3.60 and a beta of 0.86.
F.N.B. Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were paid a dividend of $0.12 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.48 annualized dividend and a yield of 3.51%. F.N.B.'s dividend payout ratio is currently 38.10%.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on FNB. Wells Fargo & Company decreased their price objective 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. DA Davidson lifted their price target on shares of F.N.B. from $19.00 to $20.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods boosted 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 report on Wednesday, December 4th. Finally, 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 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, F.N.B. currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.50.
Check Out Our Latest Stock Analysis on F.N.B.
Insider Activity at F.N.B.
In other F.N.B. news, Director William B. Campbell bought 3,000 shares of the business's stock in a transaction dated Wednesday, February 5th. The shares were acquired at an average cost of $15.57 per share, with a total value of $46,710.00. Following the acquisition, the director now directly owns 158,834 shares of the company's stock, valued at $2,473,045.38. The trade was a 1.93 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David L. Motley sold 15,000 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were 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 owns 65,344 shares of the company's stock, valued at approximately $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 corporate insiders.
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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