Public Employees Retirement System of Ohio Purchases 3,526 Shares of F.N.B. Co. (NYSE:FNB)

Public Employees Retirement System of Ohio boosted its holdings in shares of F.N.B. Co. (NYSE:FNB) by 2.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 145,059 shares of the bank’s stock after purchasing an additional 3,526 shares during the period. Public Employees Retirement System of Ohio’s holdings in F.N.B. were worth $2,047,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Nomura Asset Management Co. Ltd. boosted 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 in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of F.N.B. in the third quarter worth about $753,000. XTX Topco Ltd acquired a new stake in shares of F.N.B. in the 3rd quarter valued at approximately $772,000. Zacks Investment Management grew its holdings in shares of F.N.B. by 22.0% during the 3rd quarter. Zacks Investment Management now owns 49,669 shares of the bank’s stock valued at $701,000 after purchasing an additional 8,959 shares during the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in F.N.B. during the 3rd quarter worth approximately $491,000. Institutional investors and hedge funds own 79.25% of the company’s stock.

Insider Buying and Selling at F.N.B.

In other F.N.B. news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $16.50, for a total value of $2,062,500.00. Following the completion of the sale, the chief executive officer now owns 1,652,229 shares in the company, valued at approximately $27,261,778.50. This trade represents a 7.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.03% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

FNB has been the subject of several recent research reports. Piper Sandler restated an “overweight” rating on shares of F.N.B. in a research report on Friday, October 18th. StockNews.com raised F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Wells Fargo & Company boosted their price objective on F.N.B. from $16.00 to $19.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Stephens raised their target price 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. Finally, 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 research note on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, F.N.B. has an average rating of “Moderate Buy” and an average target price of $17.67.

F.N.B. Stock Down 2.6 %

Shares of FNB opened at $15.41 on Wednesday. F.N.B. Co. has a 1 year low of $12.49 and a 1 year high of $17.70. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.92. The stock has a 50 day simple moving average of $15.69 and a two-hundred day simple moving average of $14.58. The firm has a market cap of $5.54 billion, a P/E ratio of 14.13 and a beta of 0.99.

F.N.B. (NYSE:FNB) last announced its quarterly earnings results on Thursday, October 17th. The bank reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The company had revenue of $413.02 million during the quarter, compared to analysts’ expectations of $409.80 million. F.N.B. had a return on equity of 8.49% and a net margin of 16.29%. On average, analysts forecast that F.N.B. Co. will post 1.34 earnings per share for the current fiscal year.

F.N.B. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Monday, December 2nd were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 3.12%. F.N.B.’s dividend payout ratio is currently 44.04%.

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.