Oak Thistle LLC Purchases 51,763 Shares of F.N.B. Co. (NYSE:FNB)

Oak Thistle LLC increased its position in F.N.B. Co. (NYSE:FNB) by 117.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,737 shares of the bank’s stock after purchasing an additional 51,763 shares during the period. Oak Thistle LLC’s holdings in F.N.B. were worth $1,415,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of FNB. Versant Capital Management Inc lifted its stake in shares of F.N.B. by 100.9% in the fourth 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 in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of F.N.B. by 3.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 987,084 shares of the bank’s stock worth $13,928,000 after acquiring an additional 32,047 shares during the last quarter. Principal Financial Group Inc. lifted its position in F.N.B. by 2.6% in the 3rd quarter. Principal Financial Group Inc. now owns 4,952,429 shares of the bank’s stock valued at $69,879,000 after acquiring an additional 127,516 shares in the last quarter. World Investment Advisors LLC acquired a new position in F.N.B. during the 3rd quarter valued at about $405,000. Finally, TD Private Client Wealth LLC increased its holdings in F.N.B. by 27.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 6,332 shares of the bank’s stock worth $89,000 after purchasing an additional 1,383 shares in the last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.

F.N.B. Price Performance

Shares of NYSE:FNB opened at $15.08 on Wednesday. The company has a market capitalization of $5.42 billion, a P/E ratio of 13.83 and a beta of 1.01. The company’s 50-day moving average is $15.80 and its 200 day moving average is $14.80. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 0.93. 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. (NYSE:FNB) last released its earnings results on Thursday, October 17th. The bank reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). F.N.B. had a net margin of 16.29% and a return on equity of 8.49%. The company had revenue of $413.02 million during the quarter, compared to analysts’ expectations of $409.80 million. On average, equities research analysts forecast that F.N.B. Co. will post 1.34 earnings per share for the current year.

F.N.B. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd were given a dividend of $0.12 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 3.18%. F.N.B.’s dividend payout ratio is presently 44.04%.

Insider Activity

In other F.N.B. news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $16.50, for a total transaction of $2,062,500.00. Following the sale, the chief executive officer now owns 1,652,229 shares of the company’s stock, valued at $27,261,778.50. The trade was a 7.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on FNB shares. StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Raymond James lifted their price objective on shares of F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Piper Sandler reiterated an “overweight” rating on shares of F.N.B. in a report on Friday, October 18th. Keefe, Bruyette & Woods boosted their price target on shares of F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, Stephens increased their price objective on shares of F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

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.