Vanguard Group Inc. boosted its stake in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,416,478 shares of the bank's stock after acquiring an additional 305,826 shares during the quarter. Vanguard Group Inc. owned about 10.96% of F.N.B. worth $582,576,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of FNB. Savant Capital LLC grew its position in F.N.B. by 1.4% in the 4th quarter. Savant Capital LLC now owns 52,065 shares of the bank's stock valued at $770,000 after buying an additional 708 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of F.N.B. by 0.7% in the fourth quarter. Arizona State Retirement System now owns 104,354 shares of the bank's stock valued at $1,542,000 after acquiring an additional 765 shares in the last quarter. Bill Few Associates Inc. increased its stake in shares of F.N.B. by 1.1% during the fourth quarter. Bill Few Associates Inc. now owns 92,332 shares of the bank's stock worth $1,365,000 after acquiring an additional 1,023 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings 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 purchasing an additional 1,100 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in F.N.B. by 2.1% in the fourth quarter. Pacer Advisors Inc. now owns 53,598 shares of the bank's stock valued at $792,000 after purchasing an additional 1,122 shares during the period. 79.25% of the stock is currently owned by hedge funds and other institutional investors.
F.N.B. Price Performance
FNB traded down $0.64 during trading on Friday, reaching $11.46. 4,874,105 shares of the stock were exchanged, compared to its average volume of 2,357,905. F.N.B. Co. has a 1 year low of $10.93 and a 1 year high of $17.70. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 9.09, a P/E/G ratio of 3.60 and a beta of 0.86. The business's 50 day moving average price is $14.42 and its two-hundred day moving average price is $14.91. 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. Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.48 annualized dividend and a yield of 4.19%. F.N.B.'s dividend payout ratio (DPR) is currently 38.10%.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on FNB. Wells Fargo & Company dropped their target price on 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. Piper Sandler dropped their price objective on F.N.B. from $19.00 to $18.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. Finally, DA Davidson increased their price objective on F.N.B. from $19.00 to $20.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $18.50.
Read Our Latest Stock Report on F.N.B.
Insiders Place Their Bets
In related news, Director William B. Campbell acquired 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The shares were acquired at an average price of $15.57 per share, with a total value of $46,710.00. Following the completion of the purchase, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David L. Motley sold 15,000 shares of F.N.B. 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 sale, the director now owns 65,344 shares of the company's stock, valued at approximately $1,013,485.44. This represents a 18.67 % decrease in their position. The disclosure for this sale can be found here. 1.03% of the stock is currently owned by company insiders.
F.N.B. Profile
(
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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