Intellus Advisors LLC Buys New Stake in F.N.B. Co. (NYSE:FNB)

Intellus Advisors LLC purchased a new stake in F.N.B. Co. (NYSE:FNB) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 44,160 shares of the bank’s stock, valued at approximately $653,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PL Capital Advisors LLC purchased a new stake in shares of F.N.B. in the fourth quarter worth about $308,616,000. Raymond James Financial Inc. acquired a new position in F.N.B. in the fourth quarter valued at approximately $15,801,000. Point72 Asset Management L.P. purchased a new stake in F.N.B. in the 3rd quarter worth approximately $14,190,000. Assenagon Asset Management S.A. grew its stake in shares of 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 during the period. Finally, Fisher Asset Management LLC increased its holdings in shares of F.N.B. by 583.5% during the 4th quarter. Fisher Asset Management LLC now owns 666,990 shares of the bank’s stock valued at $9,858,000 after purchasing an additional 569,409 shares in the last quarter. 79.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on FNB shares. Keefe, Bruyette & Woods increased their price target on shares of F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler lowered their target price 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, January 23rd. DA Davidson lifted their price target on F.N.B. from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company lowered their price target on 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. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.50.

Insider Transactions at F.N.B.

In other F.N.B. news, Director William B. Campbell purchased 3,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were purchased at an average cost 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 in the company, valued at approximately $2,473,045.38. This represents a 1.93 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director David L. Motley sold 15,000 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $15.51, for a total transaction of $232,650.00. Following the transaction, the director now owns 65,344 shares in the company, valued at $1,013,485.44. The trade was a 18.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.03% of the company’s stock.

F.N.B. Stock Down 0.0 %

FNB opened at $13.55 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.48. F.N.B. Co. has a twelve month low of $12.49 and a twelve month high of $17.70. The company has a market cap of $4.87 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 3.60 and a beta of 0.98. The company has a 50-day moving average price of $14.84 and a 200 day moving average price of $14.97.

F.N.B. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were given a $0.12 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.48 annualized dividend and a dividend yield of 3.54%. F.N.B.’s dividend payout ratio (DPR) is presently 38.10%.

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.