Victory Capital Management Inc. Purchases 3,801 Shares of F.N.B. Co. (NYSE:FNB)

Victory Capital Management Inc. boosted its holdings in F.N.B. Co. (NYSE:FNB) by 3.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,925 shares of the bank’s stock after acquiring an additional 3,801 shares during the quarter. Victory Capital Management Inc.’s holdings in F.N.B. were worth $1,891,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in shares of F.N.B. by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,940,425 shares of the bank’s stock worth $58,239,000 after purchasing an additional 51,862 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in F.N.B. by 40.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 5,701 shares of the bank’s stock worth $84,000 after buying an additional 1,631 shares in the last quarter. Prudent Man Advisors LLC raised its position in F.N.B. by 8.5% in the 4th quarter. Prudent Man Advisors LLC now owns 50,857 shares of the bank’s stock worth $752,000 after buying an additional 3,983 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of F.N.B. by 583.5% during the 4th quarter. Fisher Asset Management LLC now owns 666,990 shares of the bank’s stock valued at $9,858,000 after acquiring an additional 569,409 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of F.N.B. during the 4th quarter valued at about $177,000. 79.25% of the stock is owned by institutional investors.

Insider Activity

In other F.N.B. news, Director William B. Campbell acquired 3,000 shares of the stock in a transaction dated 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 legal filing with the SEC, which is available through the SEC website. Also, Director David L. Motley sold 15,000 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $15.51, for a total value of $232,650.00. Following the sale, the director now owns 65,344 shares of the company’s stock, valued at $1,013,485.44. This represents a 18.67 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.03% of the company’s stock.

F.N.B. Price Performance

Shares of F.N.B. stock opened at $13.63 on Tuesday. The stock has a market cap of $4.90 billion, a P/E ratio of 10.81, a P/E/G ratio of 3.60 and a beta of 0.98. 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 stock’s fifty day moving average is $14.92 and its 200 day moving average is $15.01. 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 business also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.52%. The ex-dividend date was Monday, March 3rd. F.N.B.’s dividend payout ratio (DPR) is currently 38.10%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on FNB shares. Raymond James boosted 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. Keefe, Bruyette & Woods boosted 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 note on Wednesday, December 4th. Wells Fargo & Company dropped their price target on F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Piper Sandler lowered their target price 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, DA Davidson boosted their price target on F.N.B. from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.