F.N.B. Co. (NYSE:FNB) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP boosted its position in F.N.B. Co. (NYSE:FNB) by 1.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,044,815 shares of the bank’s stock after acquiring an additional 11,454 shares during the quarter. Wellington Management Group LLP’s holdings in F.N.B. were worth $14,742,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in shares of F.N.B. by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank’s stock worth $303,361,000 after acquiring an additional 647,335 shares in the last quarter. State Street Corp increased its holdings in F.N.B. by 1.9% during the 3rd quarter. State Street Corp now owns 15,185,397 shares of the bank’s stock worth $214,266,000 after purchasing an additional 278,825 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of F.N.B. by 2.6% in the 3rd quarter. Principal Financial Group Inc. now owns 4,952,429 shares of the bank’s stock valued at $69,879,000 after purchasing an additional 127,516 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of F.N.B. by 2.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 4,818,228 shares of the bank’s stock valued at $67,986,000 after buying an additional 130,972 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of F.N.B. by 6.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,888,563 shares of the bank’s stock valued at $54,868,000 after buying an additional 218,511 shares during the last quarter. 79.25% of the stock is owned by hedge funds and other institutional investors.

F.N.B. Price Performance

FNB opened at $15.91 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.40. The company’s 50-day moving average price is $15.61 and its 200 day moving average price is $14.55. F.N.B. Co. has a fifty-two week low of $12.49 and a fifty-two week high of $17.70. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 14.60 and a beta of 0.99.

F.N.B. (NYSE:FNB) last announced its quarterly earnings results on Thursday, October 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). F.N.B. had a return on equity of 8.49% and a net margin of 16.29%. The company had revenue of $413.02 million during the quarter, compared to the consensus estimate of $409.80 million. As a group, sell-side analysts expect that F.N.B. Co. will post 1.34 earnings per share for the current year.

F.N.B. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Monday, December 2nd. F.N.B.’s dividend payout ratio (DPR) is 44.04%.

Analyst Ratings Changes

Several analysts recently issued reports on FNB shares. Stephens upped their price target on shares of F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Keefe, Bruyette & Woods boosted their target price on shares of 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. Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a research report on Friday, October 18th. StockNews.com raised F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Finally, Raymond James increased their target price on F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $17.67.

Insider Transactions at F.N.B.

In other F.N.B. news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $16.50, for a total transaction of $2,062,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,652,229 shares of the company’s stock, valued at $27,261,778.50. The trade was a 7.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.03% of the company’s stock.

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.