Jane Street Group LLC Buys 316,515 Shares of F.N.B. Co. (NYSE:FNB)

Jane Street Group LLC grew its stake in shares of F.N.B. Co. (NYSE:FNB) by 780.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 357,057 shares of the bank’s stock after acquiring an additional 316,515 shares during the period. Jane Street Group LLC’s holdings in F.N.B. were worth $5,038,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. CWM LLC raised its holdings in shares of F.N.B. by 0.4% in the 3rd quarter. CWM LLC now owns 379,995 shares of the bank’s stock valued at $5,362,000 after purchasing an additional 1,527 shares in the last quarter. Petiole USA ltd boosted its position in F.N.B. by 48.1% during the 3rd quarter. Petiole USA ltd now owns 175,421 shares of the bank’s stock valued at $2,475,000 after acquiring an additional 57,000 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of F.N.B. in the 3rd quarter valued at $447,000. AQR Capital Management LLC raised its position in shares of F.N.B. by 181.6% in the 2nd quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank’s stock worth $41,045,000 after acquiring an additional 1,964,884 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of F.N.B. by 6.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,888,563 shares of the bank’s stock worth $54,868,000 after purchasing an additional 218,511 shares during the last quarter. Hedge funds and other institutional investors own 79.25% of the company’s stock.

F.N.B. Price Performance

Shares of NYSE FNB opened at $15.82 on Tuesday. The stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of 14.51 and a beta of 0.99. F.N.B. Co. has a 52 week low of $12.49 and a 52 week high of $17.70. The firm has a 50-day simple moving average of $15.65 and a 200-day simple moving average of $14.57. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.40.

F.N.B. (NYSE:FNB) last released its quarterly earnings data on Thursday, October 17th. The bank reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The company had revenue of $413.02 million for the quarter, compared to analyst estimates of $409.80 million. F.N.B. had a return on equity of 8.49% and a net margin of 16.29%. On average, equities analysts predict that F.N.B. Co. will post 1.34 earnings per share for the current fiscal year.

F.N.B. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd were given a $0.12 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 3.03%. F.N.B.’s payout ratio is currently 44.04%.

Insiders Place Their Bets

In other news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $16.50, for a total transaction of $2,062,500.00. Following the sale, the chief executive officer now owns 1,652,229 shares of the company’s stock, valued at approximately $27,261,778.50. This represents a 7.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.03% of the stock is currently owned by insiders.

Analysts Set New Price Targets

FNB has been the topic of a number of analyst reports. 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 report on Wednesday, December 4th. Raymond James upped their price target on F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. StockNews.com raised F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Wells Fargo & Company upped their target price on F.N.B. from $16.00 to $19.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Finally, Piper Sandler reissued an “overweight” rating on shares of F.N.B. in a report on Friday, October 18th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $17.67.

About F.N.B.

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.