F.N.B. Co. (NYSE:FNB) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in F.N.B. Co. (NYSE:FNB) by 19.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 101,229 shares of the bank’s stock after purchasing an additional 16,363 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in F.N.B. were worth $1,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Savant Capital LLC increased its stake in shares of F.N.B. by 1.4% in the 4th quarter. Savant Capital LLC now owns 52,065 shares of the bank’s stock worth $770,000 after acquiring an additional 708 shares during the last quarter. Arizona State Retirement System grew 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 purchasing an additional 765 shares during the period. Hancock Whitney Corp grew its holdings in shares of F.N.B. by 0.8% in the third quarter. Hancock Whitney Corp now owns 121,945 shares of the bank’s stock valued at $1,721,000 after purchasing an additional 947 shares during the period. Bill Few Associates Inc. grew its holdings in shares of F.N.B. by 1.1% in the fourth quarter. Bill Few Associates Inc. now owns 92,332 shares of the bank’s stock valued at $1,365,000 after purchasing an additional 1,023 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of F.N.B. by 31.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank’s stock valued at $65,000 after purchasing an additional 1,100 shares during the period. Institutional investors and hedge funds own 79.25% of the company’s stock.

Insider Transactions at F.N.B.

In other news, Director David L. Motley sold 15,000 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $15.51, for a total transaction of $232,650.00. Following the completion of the transaction, the director now directly owns 65,344 shares of the company’s stock, valued at approximately $1,013,485.44. The trade was a 18.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William B. Campbell acquired 3,000 shares of the stock in a transaction dated Wednesday, February 5th. The shares were bought at an average cost of $15.57 per share, with a total value of $46,710.00. Following the completion of the transaction, the director now owns 158,834 shares of the company’s stock, valued at approximately $2,473,045.38. This represents a 1.93 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on FNB. Raymond James upped their price objective on shares of F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. 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 report on Monday, January 6th. DA Davidson upped their price objective on shares of F.N.B. from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods upped their target price on shares of F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, Piper Sandler decreased their target price 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. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.50.

F.N.B. Stock Up 0.0 %

Shares of FNB opened at $13.61 on Wednesday. The stock has a market capitalization of $4.90 billion, a PE ratio of 10.80, a P/E/G ratio of 3.60 and a beta of 0.98. F.N.B. Co. has a 1 year low of $12.49 and a 1 year 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. The company’s 50-day simple moving average is $14.90 and its 200-day simple moving average is $15.00.

F.N.B. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were given 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 dividend yield of 3.53%. F.N.B.’s dividend payout ratio is presently 38.10%.

F.N.B. 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.