Brandywine Global Investment Management LLC Sells 38,320 Shares of F.N.B. Co. (NYSE:FNB)

Brandywine Global Investment Management LLC lessened its stake in F.N.B. Co. (NYSE:FNB) by 4.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 834,784 shares of the bank’s stock after selling 38,320 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in F.N.B. were worth $12,338,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. AlphaQuest LLC raised its stake in shares of F.N.B. by 3,589.8% in 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. Versant Capital Management Inc raised its stake in shares of F.N.B. by 100.9% during 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 during the period. Sandy Spring Bank purchased a new stake in shares of F.N.B. in the fourth quarter worth about $67,000. Nomura Asset Management Co. Ltd. grew its stake in 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 acquiring an additional 1,100 shares in the last quarter. Finally, R Squared Ltd bought a new stake in F.N.B. during the 4th quarter worth approximately $69,000. Hedge funds and other institutional investors own 79.25% of the company’s stock.

F.N.B. Trading Up 0.4 %

FNB stock opened at $13.47 on Tuesday. The company has a market capitalization of $4.84 billion, a PE ratio of 10.69, a price-to-earnings-growth 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. F.N.B. Co. has a one year low of $12.49 and a one year high of $17.70. The company’s 50 day moving average price is $14.66 and its two-hundred day moving average price is $14.96.

F.N.B. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend was Monday, March 3rd. F.N.B.’s dividend payout ratio is presently 38.10%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Piper Sandler reduced their price target on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods upped their target price on 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. Wells Fargo & Company dropped their target price on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Finally, DA Davidson increased their price target on shares of F.N.B. from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, F.N.B. presently 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 the 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 completion of the sale, the director now owns 65,344 shares of the company’s stock, valued at $1,013,485.44. This represents a 18.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William B. Campbell purchased 3,000 shares of the business’s stock in a transaction on 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 acquisition, the director now owns 158,834 shares in the company, 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. Company insiders own 1.03% of the company’s stock.

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.