Y Intercept Hong Kong Ltd Takes $753,000 Position in F.N.B. Co. (NYSE:FNB)

Y Intercept Hong Kong Ltd bought a new position in F.N.B. Co. (NYSE:FNB) during the 3rd quarter, Holdings Channel reports. The fund bought 53,338 shares of the bank’s stock, valued at approximately $753,000.

A number of other hedge funds also recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in F.N.B. during the 2nd quarter valued at $920,000. CWM LLC raised its position 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 worth $5,362,000 after acquiring an additional 1,527 shares in the last quarter. Petiole USA ltd lifted its stake in shares of F.N.B. by 48.1% in the 3rd quarter. Petiole USA ltd now owns 175,421 shares of the bank’s stock valued at $2,475,000 after purchasing an additional 57,000 shares during the period. GSA Capital Partners LLP bought a new stake in shares of F.N.B. during the third quarter valued at approximately $447,000. Finally, AQR Capital Management LLC grew its stake in F.N.B. by 181.6% in the second quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank’s stock worth $41,045,000 after purchasing an additional 1,964,884 shares during the period. Hedge funds and other institutional investors own 79.25% of the company’s stock.

Insider Activity at F.N.B.

In related news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 1,652,229 shares in the company, valued at approximately $27,261,778.50. The trade was a 7.03 % 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. 1.03% of the stock is owned by company insiders.

F.N.B. Price Performance

Shares of NYSE:FNB opened at $15.91 on Friday. The business has a 50-day simple moving average of $15.61 and a two-hundred day simple moving average of $14.54. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 0.93. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 14.60 and a beta of 0.99. F.N.B. Co. has a fifty-two week low of $12.49 and a fifty-two week high of $17.70.

F.N.B. (NYSE:FNB) last issued 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). F.N.B. had a net margin of 16.29% and a return on equity of 8.49%. The company had revenue of $413.02 million for the quarter, compared to the consensus estimate of $409.80 million. On average, analysts expect that F.N.B. Co. will post 1.34 earnings per share for the current year.

F.N.B. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Monday, December 2nd will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Monday, December 2nd. F.N.B.’s payout ratio is currently 44.04%.

Wall Street Analyst Weigh In

FNB has been the topic of several research reports. Raymond James boosted their price objective on shares of F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Keefe, Bruyette & Woods boosted their target price 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. Wells Fargo & Company raised their price target on F.N.B. from $16.00 to $19.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. StockNews.com upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Finally, Piper Sandler restated an “overweight” rating on shares of F.N.B. in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, F.N.B. has an average rating of “Moderate Buy” and a consensus target price of $17.67.

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.