10,579 Shares in F.N.B. Co. (NYSE:FNB) Purchased by Empowered Funds LLC

Empowered Funds LLC purchased a new position in shares of F.N.B. Co. (NYSE:FNB) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,579 shares of the bank’s stock, valued at approximately $156,000.

A number of other hedge funds have also bought and sold shares of the business. Brooklyn Investment Group bought a new position in F.N.B. in the 3rd quarter valued at about $31,000. Richardson Financial Services Inc. increased its holdings in F.N.B. by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock valued at $41,000 after buying an additional 1,473 shares during the period. Versant Capital Management Inc increased its holdings in F.N.B. by 100.9% in the 4th quarter. Versant Capital Management Inc now owns 4,011 shares of the bank’s stock valued at $59,000 after buying an additional 2,014 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in F.N.B. by 31.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank’s stock valued at $65,000 after buying an additional 1,100 shares during the period. Finally, R Squared Ltd bought a new position in F.N.B. in the 4th quarter valued at about $69,000. 79.25% of the stock is owned by institutional investors.

F.N.B. Stock Down 2.3 %

NYSE:FNB opened at $14.78 on Friday. The firm’s 50 day simple moving average is $15.21 and its 200 day simple moving average is $15.02. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.94 and a quick ratio of 0.94. 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 cap of $5.31 billion, a PE ratio of 11.73, a P/E/G ratio of 3.60 and a beta of 1.01.

F.N.B. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.48 annualized dividend and a yield of 3.25%. F.N.B.’s dividend payout ratio is presently 38.10%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

FNB has been the topic of several recent analyst reports. Raymond James raised their target price on shares of F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods raised their target price on shares of F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Wells Fargo & Company reduced their price target 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 Monday, January 6th. Piper Sandler reduced their price target 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. Finally, DA Davidson raised their price target on shares of F.N.B. from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.50.

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.