F.N.B. Co. (NYSE:FNB) Shares Bought by AlphaQuest LLC

AlphaQuest LLC raised its stake in F.N.B. Co. (NYSE:FNB) by 3,589.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,808 shares of the bank’s stock after purchasing an additional 1,759 shares during the period. AlphaQuest LLC’s holdings in F.N.B. were worth $27,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of FNB. PL Capital Advisors LLC acquired a new stake in F.N.B. in the 4th quarter valued at about $308,616,000. Raymond James Financial Inc. acquired a new stake in F.N.B. in the 4th quarter valued at about $15,801,000. Point72 Asset Management L.P. acquired a new stake in F.N.B. in the 3rd quarter valued at about $14,190,000. Assenagon Asset Management S.A. raised its position in F.N.B. by 490.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 929,683 shares of the bank’s stock valued at $13,741,000 after purchasing an additional 772,134 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in F.N.B. by 583.5% in 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. Institutional investors and hedge funds own 79.25% of the company’s stock.

Insider Buying and Selling

In related news, Director David L. Motley sold 15,000 shares of the firm’s stock in a transaction that occurred on 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. This trade represents a 18.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William B. Campbell purchased 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average price of $15.57 per share, for a total transaction of $46,710.00. Following the purchase, the director now directly owns 158,834 shares in the company, valued at $2,473,045.38. The trade was a 1.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.03% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FNB. DA Davidson increased their price target 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. Keefe, Bruyette & Woods raised their target price on F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler cut their target price on F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company cut their target price 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 company. Based on data from MarketBeat, F.N.B. has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

F.N.B. Price Performance

Shares of NYSE FNB opened at $13.55 on Friday. The stock’s 50-day simple moving average is $14.84 and its 200-day simple moving average is $14.97. The firm has a market capitalization 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 debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 0.94. F.N.B. Co. has a fifty-two week low of $12.49 and a fifty-two week high of $17.70.

F.N.B. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.48 dividend on an annualized basis and a yield of 3.54%. F.N.B.’s dividend payout ratio is presently 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.