Smartleaf Asset Management LLC Acquires 1,631 Shares of F.N.B. Co. (NYSE:FNB)

Smartleaf Asset Management LLC lifted its holdings in F.N.B. Co. (NYSE:FNB) by 40.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,701 shares of the bank’s stock after buying an additional 1,631 shares during the period. Smartleaf Asset Management LLC’s holdings in F.N.B. were worth $84,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new position in F.N.B. during the 3rd quarter valued at about $31,000. Versant Capital Management Inc grew its holdings in F.N.B. by 100.9% during the 4th quarter. Versant Capital Management Inc now owns 4,011 shares of the bank’s stock valued at $59,000 after purchasing an additional 2,014 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in F.N.B. by 31.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank’s stock valued at $65,000 after purchasing an additional 1,100 shares during the last quarter. R Squared Ltd bought a new position in F.N.B. during the 4th quarter valued at about $69,000. Finally, Quarry LP bought a new position in F.N.B. during the 3rd quarter valued at about $73,000. 79.25% of the stock is currently owned by institutional investors.

Insider Transactions at F.N.B.

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

F.N.B. Price Performance

Shares of FNB opened at $13.75 on Friday. The company has a 50 day moving average price of $15.09 and a 200-day moving average price of $15.06. F.N.B. Co. has a fifty-two week low of $12.49 and a fifty-two week high of $17.70. The stock has a market capitalization of $4.95 billion, a PE ratio of 10.91, a PEG 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. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be given a $0.12 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.48 annualized dividend and a dividend yield of 3.49%. F.N.B.’s payout ratio is presently 38.10%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. DA Davidson upped their price target on shares of F.N.B. from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods boosted their price objective on shares of F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler lowered their price objective on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Raymond James boosted their price objective on shares of F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Finally, Wells Fargo & Company lowered their price objective on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, F.N.B. presently has an average rating of “Moderate Buy” and an average target price 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.