44,160 Shares in F.N.B. Co. (NYSE:FNB) Acquired by Intellus Advisors LLC

Intellus Advisors LLC bought a new stake in shares of F.N.B. Co. (NYSE:FNB) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 44,160 shares of the bank’s stock, valued at approximately $653,000.

Several other hedge funds have also made changes to their positions in the company. AlphaQuest LLC increased its stake in shares of F.N.B. by 3,589.8% during the fourth quarter. AlphaQuest LLC now owns 1,808 shares of the bank’s stock valued at $27,000 after buying an additional 1,759 shares during the period. Brooklyn Investment Group purchased a new position in F.N.B. during the 3rd quarter valued at about $31,000. Versant Capital Management Inc raised its holdings in shares of F.N.B. by 100.9% in 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 in the last quarter. Sandy Spring Bank purchased a new stake in shares of F.N.B. in the 4th quarter worth approximately $67,000. Finally, Nomura Asset Management Co. Ltd. boosted its stake in shares of F.N.B. by 31.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank’s stock valued at $65,000 after purchasing an additional 1,100 shares in the last quarter. 79.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the company. DA Davidson upped their target price on F.N.B. from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Wells Fargo & Company dropped their price objective on F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Piper Sandler cut 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, Keefe, Bruyette & Woods increased their price target on shares of F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $18.50.

Insider Buying and Selling 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 dated Wednesday, February 19th. The stock was sold at an average price of $15.51, for a total transaction of $232,650.00. Following the completion of the sale, the director now owns 65,344 shares of the company’s stock, valued at approximately $1,013,485.44. The trade was a 18.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William B. Campbell acquired 3,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was purchased 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 approximately $2,473,045.38. This trade represents a 1.93 % increase in their position. The disclosure for this purchase can be found here. 1.03% of the stock is currently owned by company insiders.

F.N.B. Price Performance

Shares of NYSE FNB opened at $13.55 on Friday. F.N.B. Co. has a fifty-two week low of $12.49 and a fifty-two week high of $17.70. The company has a market cap of $4.87 billion, a PE ratio of 10.75, a P/E/G ratio of 3.60 and a beta of 0.98. 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 business has a 50-day simple moving average of $14.84 and a two-hundred day simple moving average of $14.97.

F.N.B. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.54%. The ex-dividend date was Monday, March 3rd. F.N.B.’s dividend payout ratio is presently 38.10%.

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.