Stonebridge Financial Group LLC Invests $863,000 in F.N.B. Co. (NYSE:FNB)

Stonebridge Financial Group LLC bought a new stake in F.N.B. Co. (NYSE:FNB) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 58,383 shares of the bank’s stock, valued at approximately $863,000.

A number of other institutional investors have also recently added to or reduced their stakes in FNB. Jane Street Group LLC lifted its stake in shares of F.N.B. by 780.7% in the 3rd quarter. Jane Street Group LLC now owns 357,057 shares of the bank’s stock valued at $5,038,000 after purchasing an additional 316,515 shares in the last quarter. Oak Thistle LLC raised its holdings in F.N.B. by 117.7% in the fourth quarter. Oak Thistle LLC now owns 95,737 shares of the bank’s stock valued at $1,415,000 after buying an additional 51,763 shares during the period. Stifel Financial Corp lifted its position in F.N.B. by 6.6% during the third quarter. Stifel Financial Corp now owns 28,669 shares of the bank’s stock valued at $405,000 after buying an additional 1,768 shares in the last quarter. Petiole USA ltd grew its stake in F.N.B. by 48.1% during the third quarter. Petiole USA ltd now owns 175,421 shares of the bank’s stock worth $2,475,000 after buying an additional 57,000 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in shares of F.N.B. in the third quarter worth $447,000. Hedge funds and other institutional investors own 79.25% of the company’s stock.

Insider Activity

In other F.N.B. news, CEO Vincent J. Delie, Jr. sold 125,000 shares of F.N.B. stock in a transaction on Friday, December 6th. The shares were sold at an average price of $16.50, for a total value of $2,062,500.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director William B. Campbell bought 3,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were acquired at an average cost of $15.57 per share, for a total transaction of $46,710.00. Following the completion of the acquisition, the director now directly owns 158,834 shares of the company’s stock, valued at $2,473,045.38. This trade represents a 1.93 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.03% of the company’s stock.

F.N.B. Stock Down 1.6 %

FNB stock opened at $15.49 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48. The firm has a 50 day simple moving average of $15.38 and a 200-day simple moving average of $14.98. The company has a market capitalization of $5.57 billion, a P/E ratio of 12.29, a PEG ratio of 3.80 and a beta of 1.01. F.N.B. Co. has a twelve month low of $12.49 and a twelve month high of $17.70.

F.N.B. Announces Dividend

The business also recently announced 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. This represents a $0.48 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Monday, March 3rd. F.N.B.’s payout ratio is currently 38.10%.

Wall Street Analyst Weigh In

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

F.N.B. 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.