F.N.B. Co. (NYSE:FNB) Shares Purchased by Sterling Capital Management LLC

Sterling Capital Management LLC increased its holdings in F.N.B. Co. (NYSE:FNB) by 56.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,251 shares of the bank’s stock after buying an additional 7,691 shares during the quarter. Sterling Capital Management LLC’s holdings in F.N.B. were worth $314,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. PL Capital Advisors LLC purchased a new stake in shares of F.N.B. in the 4th quarter valued at $308,616,000. Norges Bank purchased a new stake in F.N.B. in the fourth quarter valued at $50,205,000. Raymond James Financial Inc. acquired a new stake in F.N.B. during the 4th quarter worth about $15,801,000. Prospector Partners LLC purchased a new position in shares of F.N.B. during the 4th quarter valued at about $12,091,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of F.N.B. by 490.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 929,683 shares of the bank’s stock valued at $13,741,000 after buying an additional 772,134 shares during the period. 79.25% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at F.N.B.

In other F.N.B. news, Director David L. Motley sold 15,000 shares of F.N.B. stock in a transaction 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 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William B. Campbell bought 3,000 shares of F.N.B. stock in a transaction dated Wednesday, February 5th. The stock was acquired 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 ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.37% of the company’s stock.

F.N.B. Price Performance

F.N.B. stock opened at $12.59 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 0.94. The company’s fifty day moving average price is $13.56 and its 200 day moving average price is $14.75. The stock has a market capitalization of $4.53 billion, a P/E ratio of 10.00, a P/E/G ratio of 3.60 and a beta of 0.86. F.N.B. Co. has a 1 year low of $10.88 and a 1 year high of $17.70.

F.N.B. (NYSE:FNB) last released its earnings results on Wednesday, April 16th. The bank reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The business had revenue of $411.61 million during the quarter, compared to analysts’ expectations of $409.52 million. F.N.B. had a net margin of 18.12% and a return on equity of 8.30%. During the same quarter in the previous year, the company earned $0.34 earnings per share. As a group, equities research analysts anticipate that F.N.B. Co. will post 1.45 earnings per share for the current fiscal year.

F.N.B. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were given a $0.12 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.48 annualized dividend and a dividend yield of 3.81%. F.N.B.’s dividend payout ratio (DPR) is presently 38.10%.

Analyst Upgrades and Downgrades

Several research firms recently commented on FNB. Piper Sandler dropped their target price on F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Wells Fargo & Company cut their target price on shares of F.N.B. from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. Finally, DA Davidson reissued a “buy” rating and set a $19.00 price target on shares of F.N.B. in a report on Thursday. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, F.N.B. currently has a consensus rating of “Moderate Buy” and an average target price of $18.00.

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.