F.N.B. Co. (NYSE:FNB) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lowered its position in F.N.B. Co. (NYSE:FNB) by 37.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 54,388 shares of the bank’s stock after selling 33,254 shares during the quarter. Quantbot Technologies LP’s holdings in F.N.B. were worth $804,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PL Capital Advisors LLC purchased a new position in shares of F.N.B. in the 4th quarter worth about $308,616,000. Raymond James Financial Inc. acquired a new position in F.N.B. during the fourth quarter valued at approximately $15,801,000. Point72 Asset Management L.P. purchased a new stake in F.N.B. during the third quarter worth approximately $14,190,000. Assenagon Asset Management S.A. increased its position in shares of F.N.B. by 490.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 929,683 shares of the bank’s stock worth $13,741,000 after acquiring an additional 772,134 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of F.N.B. by 583.5% in 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 period. Institutional investors and hedge funds own 79.25% of the company’s stock.

F.N.B. Stock Down 0.4 %

Shares of F.N.B. stock opened at $13.87 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.94 and a quick ratio of 0.94. F.N.B. Co. has a 1-year low of $12.49 and a 1-year high of $17.70. The business has a 50-day moving average of $14.77 and a 200-day moving average of $14.96. The company has a market capitalization of $4.99 billion, a PE ratio of 11.00, a P/E/G ratio of 3.60 and a beta of 0.98.

F.N.B. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend was Monday, March 3rd. F.N.B.’s payout ratio is 38.10%.

Insider Transactions at F.N.B.

In other news, Director David L. Motley sold 15,000 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were 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 in the company, valued at approximately $1,013,485.44. This represents a 18.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William B. Campbell purchased 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was purchased at an average price of $15.57 per share, with a total value of $46,710.00. Following the completion of the purchase, the director now directly owns 158,834 shares of the company’s stock, valued at approximately $2,473,045.38. This represents a 1.93 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on FNB. 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 research report on Thursday, January 23rd. Piper Sandler decreased their target price on 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. Wells Fargo & Company lowered their target price 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. Finally, Keefe, Bruyette & Woods boosted their price target 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. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $18.50.

F.N.B. Profile

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.