Versant Capital Management Inc Acquires 2,014 Shares of F.N.B. Co. (NYSE:FNB)

Versant Capital Management Inc raised its holdings in shares of F.N.B. Co. (NYSE:FNB) by 100.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,011 shares of the bank’s stock after purchasing an additional 2,014 shares during the quarter. Versant Capital Management Inc’s holdings in F.N.B. were worth $59,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. AQR Capital Management LLC lifted its holdings in F.N.B. by 181.6% during the 2nd quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank’s stock valued at $41,045,000 after buying an additional 1,964,884 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of F.N.B. during the third quarter worth approximately $14,190,000. Dimensional Fund Advisors LP raised its stake in shares of F.N.B. by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank’s stock valued at $303,361,000 after acquiring an additional 647,335 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of F.N.B. by 780.7% in the third 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 boosted 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 during the period. 79.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other F.N.B. 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 transaction of $2,062,500.00. Following the sale, the chief executive officer now owns 1,652,229 shares of the company’s stock, valued at approximately $27,261,778.50. The trade was a 7.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.03% of the stock is owned by company insiders.

F.N.B. Stock Performance

Shares of F.N.B. stock opened at $14.67 on Monday. F.N.B. Co. has a one year low of $12.49 and a one year high of $17.70. The company has a market capitalization of $5.28 billion, a PE ratio of 13.46 and a beta of 1.01. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 0.93. The company has a 50-day simple moving average of $15.78 and a two-hundred day simple moving average of $14.73.

F.N.B. (NYSE:FNB) last posted its earnings results on Thursday, October 17th. The bank reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The firm had revenue of $413.02 million for the quarter, compared to analysts’ expectations of $409.80 million. F.N.B. had a net margin of 16.29% and a return on equity of 8.49%. Research analysts expect that F.N.B. Co. will post 1.34 EPS for the current fiscal year.

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 given a $0.12 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.27%. F.N.B.’s payout ratio is 44.04%.

Analysts Set New Price Targets

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

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.