Aigen Investment Management LP Makes New $339,000 Investment in F.N.B. Co. (NYSE:FNB)

Aigen Investment Management LP purchased a new position in shares of F.N.B. Co. (NYSE:FNB) during the 3rd quarter, HoldingsChannel reports. The firm purchased 24,019 shares of the bank’s stock, valued at approximately $339,000.

Several other large investors also recently bought and sold shares of the stock. AQR Capital Management LLC increased its holdings in shares of F.N.B. by 181.6% in the 2nd quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank’s stock valued at $41,045,000 after acquiring an additional 1,964,884 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of F.N.B. by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank’s stock valued at $303,361,000 after acquiring an additional 647,335 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of F.N.B. in the 3rd quarter valued at about $3,292,000. Choreo LLC purchased a new position in shares of F.N.B. in the 2nd quarter valued at about $2,802,000. Finally, Assenagon Asset Management S.A. purchased a new position in shares of F.N.B. in the 3rd quarter valued at about $2,223,000. Hedge funds and other institutional investors own 79.25% of the company’s stock.

F.N.B. Stock Up 0.2 %

Shares of NYSE FNB opened at $16.53 on Friday. F.N.B. Co. has a 52-week low of $11.55 and a 52-week high of $16.97. The business has a 50-day moving average price of $14.54 and a 200 day moving average price of $14.16. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.40. The stock has a market cap of $5.94 billion, a PE ratio of 15.17 and a beta of 0.95.

F.N.B. (NYSE:FNB) last posted 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 return on equity of 8.49% and a net margin of 16.29%. The company had revenue of $413.02 million for the quarter, compared to analyst estimates of $409.80 million. Equities research analysts forecast that F.N.B. Co. will post 1.34 earnings per share for the current year.

F.N.B. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 2.90%. F.N.B.’s payout ratio is 44.04%.

Analysts Set New Price Targets

FNB has been the topic of a number of recent analyst reports. StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Piper Sandler reissued an “overweight” rating on shares of F.N.B. in a research report on Friday, October 18th. Finally, Stephens upped their target price on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.33.

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.