Charles Schwab Investment Management Inc. Acquires 51,862 Shares of F.N.B. Co. (NYSE:FNB)

Charles Schwab Investment Management Inc. boosted its holdings in shares of F.N.B. Co. (NYSE:FNB) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,940,425 shares of the bank’s stock after buying an additional 51,862 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.10% of F.N.B. worth $58,239,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in F.N.B. during the third quarter valued at $31,000. Versant Capital Management Inc lifted its stake in F.N.B. by 100.9% during the fourth quarter. Versant Capital Management Inc now owns 4,011 shares of the bank’s stock worth $59,000 after purchasing an additional 2,014 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in F.N.B. by 31.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank’s stock worth $65,000 after purchasing an additional 1,100 shares during the last quarter. R Squared Ltd bought a new stake in F.N.B. during the fourth quarter worth about $69,000. Finally, Quarry LP bought a new stake in F.N.B. during the third quarter worth about $73,000. Institutional investors own 79.25% of the company’s stock.

Insider Activity at F.N.B.

In other F.N.B. news, Director William B. Campbell purchased 3,000 shares of F.N.B. stock in a transaction that occurred on Wednesday, February 5th. The shares were bought at an average price of $15.57 per share, for a total transaction of $46,710.00. Following the acquisition, the director now directly owns 158,834 shares in the company, valued at approximately $2,473,045.38. This trade represents a 1.93 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David L. Motley sold 15,000 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $15.51, for a total value of $232,650.00. Following the transaction, the director now owns 65,344 shares in the company, valued at approximately $1,013,485.44. This represents a 18.67 % decrease in their position. The disclosure for this sale can be found here. 1.03% of the stock is owned by company insiders.

F.N.B. Trading Up 1.4 %

NYSE FNB opened at $13.26 on Thursday. F.N.B. Co. has a 1-year low of $12.49 and a 1-year high of $17.70. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48. The stock has a 50-day moving average of $15.00 and a 200-day moving average of $15.03. The firm has a market cap of $4.77 billion, a PE ratio of 10.52, a price-to-earnings-growth ratio of 3.60 and a beta of 0.98.

F.N.B. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date is Monday, March 3rd. F.N.B.’s dividend payout ratio (DPR) is presently 38.10%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. DA Davidson lifted their price target on F.N.B. from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods lifted their price target on F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Raymond James lifted their price target on F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Piper Sandler dropped their price target on F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research note 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 for the company in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.50.

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.