Xponance Inc. Purchases 2,308 Shares of F.N.B. Co. (NYSE:FNB)

Xponance Inc. increased its position in F.N.B. Co. (NYSE:FNB) by 6.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,845 shares of the bank’s stock after acquiring an additional 2,308 shares during the quarter. Xponance Inc.’s holdings in F.N.B. were worth $604,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AlphaQuest LLC increased its stake in shares of F.N.B. by 3,589.8% in the fourth quarter. AlphaQuest LLC now owns 1,808 shares of the bank’s stock worth $27,000 after purchasing an additional 1,759 shares during the period. Brooklyn Investment Group acquired a new stake in F.N.B. in the 3rd quarter valued at approximately $31,000. Versant Capital Management Inc increased its position in F.N.B. by 100.9% in the 4th quarter. Versant Capital Management Inc now owns 4,011 shares of the bank’s stock worth $59,000 after buying an additional 2,014 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in shares of F.N.B. by 31.4% during the third 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 last quarter. Finally, R Squared Ltd bought a new stake in shares of 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.

Analyst Ratings Changes

FNB has been the topic of a number of research reports. DA Davidson boosted their target price 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. Piper Sandler cut their price objective on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods lifted their target price on F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company cut their price target 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. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, F.N.B. presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

F.N.B. Stock Performance

NYSE FNB opened at $13.92 on Wednesday. F.N.B. Co. has a twelve month low of $12.49 and a twelve month high of $17.70. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.48. The stock has a market cap of $5.01 billion, a P/E ratio of 11.05, a PEG ratio of 3.60 and a beta of 0.98. The company’s 50-day simple moving average is $14.81 and its 200 day simple moving average is $14.97.

F.N.B. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were issued a $0.12 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.45%. F.N.B.’s payout ratio is presently 38.10%.

Insider Activity at F.N.B.

In other news, Director William B. Campbell purchased 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was purchased at an average cost of $15.57 per share, with a total value of $46,710.00. Following the acquisition, the director now directly owns 158,834 shares of the company’s stock, valued at approximately $2,473,045.38. This trade represents a 1.93 % increase in their position. The transaction 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 company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $15.51, for a total transaction of $232,650.00. Following the sale, the director now directly owns 65,344 shares in the company, valued at $1,013,485.44. This represents 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 owned by insiders.

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.