Vanguard Group Inc. Purchases 305,826 Shares of F.N.B. Co. (NYSE:FNB)

Vanguard Group Inc. grew its position in F.N.B. Co. (NYSE:FNB) by 0.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 39,416,478 shares of the bank’s stock after buying an additional 305,826 shares during the period. Vanguard Group Inc. owned approximately 10.96% of F.N.B. worth $582,576,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. AlphaQuest LLC grew its stake in F.N.B. by 3,589.8% in the fourth quarter. AlphaQuest LLC now owns 1,808 shares of the bank’s stock valued at $27,000 after acquiring an additional 1,759 shares during the period. Versant Capital Management Inc grew its position in shares of F.N.B. by 100.9% in the 4th quarter. Versant Capital Management Inc now owns 4,011 shares of the bank’s stock valued at $59,000 after purchasing an additional 2,014 shares during the period. Sandy Spring Bank bought a new stake in F.N.B. during the 4th quarter worth approximately $67,000. Nomura Asset Management Co. Ltd. raised its holdings in F.N.B. by 31.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank’s stock worth $65,000 after buying an additional 1,100 shares during the period. Finally, R Squared Ltd bought a new position in F.N.B. in the fourth quarter valued at approximately $69,000. Institutional investors and hedge funds own 79.25% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. DA Davidson increased their price objective on shares of F.N.B. from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Wells Fargo & Company lowered their target price on F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Piper Sandler cut their price target 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, Keefe, Bruyette & Woods increased their price objective on F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.50.

Insider Activity

In other F.N.B. news, Director William B. Campbell purchased 3,000 shares of the stock in a transaction on Wednesday, February 5th. The shares were purchased at an average price of $15.57 per share, with a total value of $46,710.00. Following the completion of the transaction, the director now directly owns 158,834 shares in the company, valued at $2,473,045.38. This represents a 1.93 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David L. Motley sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $15.51, for a total value of $232,650.00. Following the completion of the sale, 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 disclosure for this sale can be found here. 1.03% of the stock is currently owned by insiders.

F.N.B. Price Performance

NYSE:FNB opened at $13.47 on Tuesday. The stock’s 50-day simple moving average is $14.66 and its 200 day simple moving average is $14.96. F.N.B. Co. has a 52-week low of $12.49 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. The company has a market cap of $4.84 billion, a P/E ratio of 10.69, a P/E/G ratio of 3.60 and a beta of 0.98.

F.N.B. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend was Monday, March 3rd. F.N.B.’s dividend payout ratio is currently 38.10%.

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.