Natixis Advisors LLC Purchases 6,921 Shares of F.N.B. Co. (NYSE:FNB)

Natixis Advisors LLC raised its holdings in shares of F.N.B. Co. (NYSE:FNB) by 10.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 73,626 shares of the bank’s stock after purchasing an additional 6,921 shares during the period. Natixis Advisors LLC’s holdings in F.N.B. were worth $1,088,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. AlphaQuest LLC grew its stake in F.N.B. by 3,589.8% in the fourth quarter. AlphaQuest LLC now owns 1,808 shares of the bank’s stock valued at $27,000 after purchasing an additional 1,759 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of F.N.B. during the third quarter worth $31,000. Versant Capital Management Inc lifted its holdings in shares of 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. raised its stake in F.N.B. by 31.4% in the third 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 last quarter. Finally, R Squared Ltd purchased a new position in shares of F.N.B. in the 4th quarter valued at approximately $69,000. 79.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FNB. DA Davidson boosted their price objective 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 increased their price target 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 lowered their target price on 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, Wells Fargo & Company reduced their price target on 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, F.N.B. currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.50.

F.N.B. Trading Up 0.1 %

Shares of NYSE:FNB opened at $13.92 on Wednesday. The business’s 50 day moving average price is $14.81 and its 200-day moving average price is $14.97. F.N.B. Co. has a 1 year low of $12.49 and a 1 year high of $17.70. The firm has a market capitalization of $5.01 billion, a price-to-earnings ratio of 11.05, 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 current ratio of 0.94 and a quick ratio of 0.94.

F.N.B. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.12 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.45%. F.N.B.’s dividend payout ratio is currently 38.10%.

Insider Buying and Selling

In other news, Director William B. Campbell acquired 3,000 shares of the firm’s stock in a transaction 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 owns 158,834 shares of the company’s stock, valued at approximately $2,473,045.38. This trade represents a 1.93 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director David L. Motley sold 15,000 shares of the company’s stock in a transaction 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 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. Insiders own 1.03% of the company’s stock.

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.