Headlands Technologies LLC Invests $39,000 in F.N.B. Co. (NYSE:FNB)

Headlands Technologies LLC bought a new stake in F.N.B. Co. (NYSE:FNB) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,611 shares of the bank’s stock, valued at approximately $39,000.

Several other institutional investors and hedge funds have also bought and sold shares of FNB. AlphaQuest LLC increased its position in shares of F.N.B. by 3,589.8% during the 4th 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 last quarter. Versant Capital Management Inc increased its holdings in F.N.B. by 100.9% during the fourth 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 last quarter. Sandy Spring Bank bought a new stake in F.N.B. during the fourth quarter worth $67,000. Nomura Asset Management Co. Ltd. lifted its stake in F.N.B. by 31.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank’s stock valued at $65,000 after acquiring an additional 1,100 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of F.N.B. in the 4th quarter valued at about $69,000. Institutional investors own 79.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on FNB. DA Davidson lifted their price target on F.N.B. from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Wells Fargo & Company decreased 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 Monday, January 6th. Finally, Piper Sandler 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 Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $18.50.

Insider Buying and Selling

In other news, Director David L. Motley sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $15.51, for a total transaction of $232,650.00. Following the transaction, the director now directly 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 bought 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 owns 158,834 shares of the company’s stock, valued at $2,473,045.38. This trade represents a 1.93 % increase in their position. The disclosure for this purchase can be found here. 1.03% of the stock is owned by insiders.

F.N.B. Stock Performance

FNB opened at $11.53 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.94 and a quick ratio of 0.94. The business has a fifty day simple moving average of $14.17 and a 200 day simple moving average of $14.86. F.N.B. Co. has a 1 year low of $10.88 and a 1 year high of $17.70. The company has a market capitalization of $4.14 billion, a PE ratio of 9.15, a price-to-earnings-growth ratio of 3.60 and a beta of 0.86.

F.N.B. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were paid a $0.12 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.48 annualized dividend and a dividend yield of 4.16%. F.N.B.’s dividend payout ratio (DPR) is presently 38.10%.

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.