Trexquant Investment LP Acquires New Position in F.N.B. Co. (NYSE:FNB)

Trexquant Investment LP bought a new position in shares of F.N.B. Co. (NYSE:FNB - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 146,421 shares of the bank's stock, valued at approximately $2,164,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Jane Street Group LLC grew its holdings in shares of F.N.B. by 780.7% in the 3rd quarter. Jane Street Group LLC now owns 357,057 shares of the bank's stock valued at $5,038,000 after acquiring an additional 316,515 shares in the last quarter. Oak Thistle LLC increased its position in shares of F.N.B. by 117.7% during the 4th quarter. Oak Thistle LLC now owns 95,737 shares of the bank's stock worth $1,415,000 after purchasing an additional 51,763 shares during the last quarter. Prudential Financial Inc. increased its position in shares of F.N.B. by 51.1% during the 4th quarter. Prudential Financial Inc. now owns 112,920 shares of the bank's stock worth $1,669,000 after purchasing an additional 38,180 shares during the last quarter. Stifel Financial Corp raised its stake in shares of F.N.B. by 6.6% during the 3rd quarter. Stifel Financial Corp now owns 28,669 shares of the bank's stock worth $405,000 after purchasing an additional 1,768 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of F.N.B. by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,940,425 shares of the bank's stock valued at $58,239,000 after buying an additional 51,862 shares during the last quarter. 79.25% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several research firms have issued reports on FNB. Piper Sandler dropped 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. Wells Fargo & Company lowered their price target on F.N.B. from $18.00 to $16.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Finally, DA Davidson lifted their target price on F.N.B. from $19.00 to $20.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $18.17.

F.N.B. Stock Performance

Shares of NYSE FNB traded up $0.05 during trading hours on Monday, reaching $11.84. 174,836 shares of the stock were exchanged, compared to its average volume of 2,409,140. The stock's fifty day simple moving average is $13.90 and its 200 day simple moving average is $14.81. The firm has a market capitalization of $4.25 billion, a price-to-earnings ratio of 9.39, a P/E/G ratio of 3.60 and a beta of 0.86. F.N.B. Co. has a 52 week low of $10.88 and a 52 week high of $17.70. 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. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were paid a $0.12 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.48 annualized dividend and a dividend yield of 4.06%. F.N.B.'s dividend payout ratio (DPR) is presently 38.10%.

Insider Buying and Selling

In related news, Director William B. Campbell bought 3,000 shares of the business's stock in a transaction dated Wednesday, February 5th. The stock was purchased at an average cost of $15.57 per share, for a total transaction of $46,710.00. Following the transaction, the director now owns 158,834 shares in the company, valued at $2,473,045.38. The trade was a 1.93 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David L. Motley sold 15,000 shares of the firm's stock in a transaction on 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 transaction, the director now owns 65,344 shares in the company, 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. 1.03% of the stock is owned by insiders.

F.N.B. Company Profile

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.