Rhumbline Advisers Grows Position in F.N.B. Co. (NYSE:FNB)

Rhumbline Advisers raised its holdings in F.N.B. Co. (NYSE:FNB) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,051,865 shares of the bank’s stock after purchasing an additional 2,294 shares during the period. Rhumbline Advisers owned 0.29% of F.N.B. worth $15,547,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Stonebridge Financial Group LLC purchased a new position in F.N.B. in the 4th quarter valued at approximately $863,000. Savant Capital LLC grew its position in shares of F.N.B. by 1.4% in the fourth quarter. Savant Capital LLC now owns 52,065 shares of the bank’s stock valued at $770,000 after purchasing an additional 708 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of F.N.B. during the 4th quarter valued at $156,000. GHP Investment Advisors Inc. lifted its holdings in F.N.B. by 1.3% during the 4th quarter. GHP Investment Advisors Inc. now owns 103,496 shares of the bank’s stock worth $1,530,000 after purchasing an additional 1,278 shares in the last quarter. Finally, Stratos Wealth Partners LTD. bought a new position in F.N.B. in the 4th quarter worth about $170,000. Institutional investors own 79.25% of the company’s stock.

F.N.B. Price Performance

FNB stock opened at $14.78 on Friday. The firm has a 50 day simple moving average of $15.21 and a two-hundred day simple moving average of $15.01. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market cap of $5.31 billion, a PE ratio of 11.73, a P/E/G ratio of 3.70 and a beta of 1.01. F.N.B. Co. has a one year low of $12.49 and a one year high of $17.70.

F.N.B. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be paid a $0.12 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.48 dividend on an annualized basis and a yield of 3.25%. F.N.B.’s dividend payout ratio is presently 38.10%.

Insider Buying and Selling at F.N.B.

In other F.N.B. news, Director William B. Campbell purchased 3,000 shares of F.N.B. stock in a transaction on Wednesday, February 5th. The shares were acquired at an average cost of $15.57 per share, for a total transaction of $46,710.00. Following the completion of the transaction, the director now directly owns 158,834 shares of the company’s stock, 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 SEC, which is available through this hyperlink. Also, Director David L. Motley sold 15,000 shares of F.N.B. stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $15.51, for a total transaction of $232,650.00. Following the transaction, the director now directly owns 65,344 shares in the company, valued at $1,013,485.44. This trade represents a 18.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.03% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FNB shares. Piper Sandler decreased their price target on 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. Raymond James upped their target price on shares of F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods raised their price target on shares of F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. DA Davidson upped their price target on shares of F.N.B. from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Finally, Wells Fargo & Company dropped their price objective on F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.50.

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.