F.N.B. Co. (NYSE:FNB) Shares Acquired by EMC Capital Management

EMC Capital Management increased its position in shares of F.N.B. Co. (NYSE:FNB) by 106.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,473 shares of the bank’s stock after acquiring an additional 13,120 shares during the quarter. EMC Capital Management’s holdings in F.N.B. were worth $376,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of FNB. Bank of Montreal Can increased its stake in F.N.B. by 2.2% during the second quarter. Bank of Montreal Can now owns 47,679 shares of the bank’s stock worth $653,000 after acquiring an additional 1,040 shares during the last quarter. Algert Global LLC purchased a new position in shares of F.N.B. during the 2nd quarter worth $494,000. Creative Planning increased its position in shares of F.N.B. by 2.7% during the 2nd quarter. Creative Planning now owns 58,974 shares of the bank’s stock worth $807,000 after purchasing an additional 1,570 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in F.N.B. in the 2nd quarter valued at about $553,000. Finally, Handelsbanken Fonder AB lifted its position in F.N.B. by 23.2% in the third quarter. Handelsbanken Fonder AB now owns 94,631 shares of the bank’s stock valued at $1,335,000 after buying an additional 17,800 shares during the last quarter. Hedge funds and other institutional investors own 79.25% of the company’s stock.

Wall Street Analysts Forecast Growth

FNB has been the subject of a number of recent analyst reports. Piper Sandler dropped their price target 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 boosted their target price on F.N.B. from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Stephens raised their price target on F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Keefe, Bruyette & Woods boosted their price objective on F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, 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 report on Monday, January 6th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, F.N.B. presently has an average rating of “Moderate Buy” and a consensus price target of $18.50.

F.N.B. Trading Up 1.8 %

NYSE:FNB opened at $15.96 on Thursday. F.N.B. Co. has a 12-month low of $12.49 and a 12-month high of $17.70. The firm has a market cap of $5.74 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 4.80 and a beta of 1.01. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 0.48. The stock has a fifty day moving average price of $15.61 and a 200 day moving average price of $14.94.

F.N.B. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend was Monday, December 2nd. F.N.B.’s dividend payout ratio is presently 38.10%.

Insider Transactions at F.N.B.

In related news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the business’s stock in a transaction on 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 owns 1,652,229 shares in the company, valued at approximately $27,261,778.50. The trade was a 7.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate 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.