HB Wealth Management LLC Purchases New Shares in F.N.B. Co. (NYSE:FNB)

HB Wealth Management LLC acquired a new position in shares of F.N.B. Co. (NYSE:FNB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,742 shares of the bank’s stock, valued at approximately $174,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of FNB. AQR Capital Management LLC increased its position in shares of F.N.B. by 181.6% in the second quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank’s stock worth $41,045,000 after acquiring an additional 1,964,884 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in F.N.B. in the 3rd quarter worth approximately $14,190,000. Assenagon Asset Management S.A. grew its position in F.N.B. by 490.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 929,683 shares of the bank’s stock worth $13,741,000 after purchasing an additional 772,134 shares in the last quarter. Jane Street Group LLC raised its stake in F.N.B. by 780.7% during the 3rd 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. Finally, State Street Corp lifted its holdings in shares of F.N.B. by 1.9% in the third quarter. State Street Corp now owns 15,185,397 shares of the bank’s stock valued at $214,266,000 after purchasing an additional 278,825 shares in the last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.

Insider Transactions at F.N.B.

In other news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $16.50, for a total transaction of $2,062,500.00. Following the completion of the sale, the chief executive officer now owns 1,652,229 shares in the company, valued at approximately $27,261,778.50. This represents a 7.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.03% of the stock is currently owned by company insiders.

F.N.B. Trading Up 0.1 %

Shares of NYSE FNB opened at $15.53 on Friday. The business has a 50 day simple moving average of $15.66 and a 200 day simple moving average of $14.91. F.N.B. Co. has a 52 week low of $12.49 and a 52 week high of $17.70. The stock has a market cap of $5.58 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 4.80 and a beta of 1.01. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.92 and a current ratio of 0.94.

F.N.B. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.09%. The ex-dividend date was Monday, December 2nd. F.N.B.’s dividend payout ratio is 38.10%.

Wall Street Analyst Weigh In

FNB has been the topic of several recent analyst reports. Stephens upped their price target 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. DA Davidson lifted their target price on F.N.B. from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday. Raymond James increased their price target on shares of F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Wells Fargo & Company lowered their price objective on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Finally, Piper Sandler dropped their price objective on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, F.N.B. has an average rating of “Moderate Buy” and an average price target of $18.50.

F.N.B. Company 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.