F.N.B. Co. (NYSE:FNB) Shares Purchased by KBC Group NV

KBC Group NV raised its holdings in F.N.B. Co. (NYSE:FNB) by 1,164.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 286,765 shares of the bank’s stock after acquiring an additional 264,094 shares during the quarter. KBC Group NV owned 0.08% of F.N.B. worth $4,238,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. CWM LLC lifted its stake in shares of F.N.B. by 0.4% in the third quarter. CWM LLC now owns 379,995 shares of the bank’s stock valued at $5,362,000 after purchasing an additional 1,527 shares during the period. Jane Street Group LLC lifted its position in shares of 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 acquiring an additional 316,515 shares during the period. Oak Thistle LLC boosted its stake in shares of F.N.B. by 117.7% during the 4th quarter. Oak Thistle LLC now owns 95,737 shares of the bank’s stock worth $1,415,000 after acquiring an additional 51,763 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of F.N.B. by 6.6% in the 3rd quarter. Stifel Financial Corp now owns 28,669 shares of the bank’s stock worth $405,000 after acquiring an additional 1,768 shares during the period. Finally, Petiole USA ltd increased its stake in F.N.B. by 48.1% in the 3rd quarter. Petiole USA ltd now owns 175,421 shares of the bank’s stock valued at $2,475,000 after purchasing an additional 57,000 shares in the last quarter. 79.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on FNB. Raymond James upped their target price on F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Stephens lifted their target price on shares of F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. StockNews.com upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Piper Sandler cut their price objective 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. Finally, Wells Fargo & Company lowered 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. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, F.N.B. presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

Insider Activity

In related news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $16.50, for a total value of $2,062,500.00. Following the completion of the sale, the chief executive officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.03% of the company’s stock.

F.N.B. Stock Up 0.8 %

Shares of NYSE FNB opened at $15.86 on Friday. The firm has a market cap of $5.70 billion, a P/E ratio of 12.58, a price-to-earnings-growth 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. Co. has a 1 year low of $12.49 and a 1 year high of $17.70. The firm’s 50 day moving average price is $15.60 and its 200 day moving average price is $14.95.

F.N.B. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Monday, December 2nd. F.N.B.’s dividend payout ratio (DPR) is 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.