10,875 Shares in F.N.B. Co. (NYSE:FNB) Acquired by Intech Investment Management LLC

Intech Investment Management LLC purchased a new stake in shares of F.N.B. Co. (NYSE:FNB) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 10,875 shares of the bank’s stock, valued at approximately $161,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Jane Street Group LLC raised its position in shares of F.N.B. by 780.7% in the third quarter. Jane Street Group LLC now owns 357,057 shares of the bank’s stock valued at $5,038,000 after purchasing an additional 316,515 shares during the period. Oak Thistle LLC raised its holdings in F.N.B. by 117.7% in the 4th quarter. Oak Thistle LLC now owns 95,737 shares of the bank’s stock valued at $1,415,000 after acquiring an additional 51,763 shares during the period. Stifel Financial Corp lifted its position in F.N.B. by 6.6% during the third quarter. Stifel Financial Corp now owns 28,669 shares of the bank’s stock worth $405,000 after acquiring an additional 1,768 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of F.N.B. by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,940,425 shares of the bank’s stock worth $58,239,000 after acquiring an additional 51,862 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in shares of F.N.B. by 40.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 5,701 shares of the bank’s stock valued at $84,000 after purchasing an additional 1,631 shares during the last quarter. 79.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on FNB shares. Keefe, Bruyette & Woods boosted their price target on 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. Piper Sandler reduced their target price 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. DA Davidson raised their price target 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. Finally, Wells Fargo & Company 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 report on Monday, January 6th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

F.N.B. Trading Down 0.9 %

FNB opened at $13.74 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.48. F.N.B. Co. has a twelve month low of $12.49 and a twelve month high of $17.70. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 10.90, a P/E/G ratio of 3.60 and a beta of 0.98. The company has a 50-day simple moving average of $14.74 and a 200 day simple moving average of $14.95.

F.N.B. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.48 annualized dividend and a dividend yield of 3.49%. F.N.B.’s dividend payout ratio is 38.10%.

Insider Activity at F.N.B.

In other F.N.B. news, Director David L. Motley sold 15,000 shares of the firm’s stock in a transaction on 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 approximately $1,013,485.44. This trade represents a 18.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William B. Campbell purchased 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, with a total value of $46,710.00. Following the acquisition, the director now directly owns 158,834 shares in the company, valued at $2,473,045.38. This represents a 1.93 % increase in their position. The disclosure for this purchase can be found here. 1.03% of the stock is currently 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.