4,500 Shares in F.N.B. Co. (NYSE:FNB) Acquired by Sandy Spring Bank

Sandy Spring Bank acquired a new position in F.N.B. Co. (NYSE:FNB) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 4,500 shares of the bank’s stock, valued at approximately $67,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. AlphaQuest LLC raised its stake in F.N.B. by 3,589.8% during the 4th quarter. AlphaQuest LLC now owns 1,808 shares of the bank’s stock worth $27,000 after acquiring an additional 1,759 shares during the period. Brooklyn Investment Group bought a new stake in F.N.B. during the 3rd quarter worth approximately $31,000. Versant Capital Management Inc raised its stake in F.N.B. by 100.9% during the 4th quarter. Versant Capital Management Inc now owns 4,011 shares of the bank’s stock worth $59,000 after acquiring an additional 2,014 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in F.N.B. by 31.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank’s stock worth $65,000 after acquiring an additional 1,100 shares during the period. 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.

Wall Street Analyst Weigh In

A number of research firms have commented on FNB. Piper Sandler decreased their target price on shares of 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. Keefe, Bruyette & Woods lifted their price objective 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. 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 report on Thursday, January 23rd. Finally, Wells Fargo & Company reduced their price objective on shares of 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. 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.50.

Insider Activity at F.N.B.

In other news, Director William B. Campbell acquired 3,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was bought at an average cost of $15.57 per share, with a total value of $46,710.00. Following the completion of the purchase, the director now directly owns 158,834 shares of the company’s stock, valued at $2,473,045.38. This represents a 1.93 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David L. Motley sold 15,000 shares of F.N.B. stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $15.51, for a total transaction of $232,650.00. Following the transaction, the director now directly owns 65,344 shares of the company’s stock, valued at $1,013,485.44. The trade was a 18.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.03% of the stock is currently owned by insiders.

F.N.B. Trading Down 0.0 %

FNB stock opened at $13.55 on Friday. The firm has a fifty day moving average price of $14.84 and a 200 day moving average price of $14.97. 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 debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $4.87 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 3.60 and a beta of 0.98.

F.N.B. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date was Monday, March 3rd. F.N.B.’s dividend payout ratio (DPR) is presently 38.10%.

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.