Wellington Management Group LLP Purchases 18,547 Shares of F.N.B. Co. (NYSE:FNB)

Wellington Management Group LLP increased its position in shares of F.N.B. Co. (NYSE:FNB) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,063,362 shares of the bank’s stock after buying an additional 18,547 shares during the period. Wellington Management Group LLP owned 0.30% of F.N.B. worth $15,716,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Janus Henderson Group PLC grew its position in shares of F.N.B. by 8.3% in the third quarter. Janus Henderson Group PLC now owns 170,106 shares of the bank’s stock valued at $2,399,000 after purchasing an additional 12,978 shares during the last quarter. Quantinno Capital Management LP grew its holdings in F.N.B. by 10.7% in the 3rd quarter. Quantinno Capital Management LP now owns 133,693 shares of the bank’s stock valued at $1,886,000 after buying an additional 12,939 shares during the last quarter. Stifel Financial Corp increased its position in F.N.B. by 6.6% in the 3rd quarter. Stifel Financial Corp now owns 28,669 shares of the bank’s stock worth $405,000 after buying an additional 1,768 shares during the period. State Street Corp lifted its holdings in shares of F.N.B. by 1.9% during the third quarter. State Street Corp now owns 15,185,397 shares of the bank’s stock worth $214,266,000 after buying an additional 278,825 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its position in shares of F.N.B. by 60.6% in the third quarter. Kovitz Investment Group Partners LLC now owns 18,242 shares of the bank’s stock valued at $246,000 after acquiring an additional 6,880 shares during the period. 79.25% of the stock is currently owned by institutional investors and hedge funds.

F.N.B. Price Performance

NYSE:FNB opened at $11.53 on Wednesday. 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 has a 50-day moving average of $14.17 and a 200-day moving average of $14.86. F.N.B. Co. has a 52 week low of $10.88 and a 52 week high of $17.70. The company has a market capitalization of $4.14 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 3.60 and a beta of 0.86.

F.N.B. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date of this dividend was Monday, March 3rd. F.N.B.’s payout ratio is 38.10%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on FNB shares. Wells Fargo & Company dropped 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 report on Monday, January 6th. DA Davidson upped 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, Piper Sandler decreased their target price on F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $18.50.

Insider Activity

In other news, Director William B. Campbell bought 3,000 shares of F.N.B. stock in a transaction dated Wednesday, February 5th. The shares were bought at an average price of $15.57 per share, for a total transaction of $46,710.00. Following the purchase, the director now 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David L. Motley sold 15,000 shares of the 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 sale, the director now owns 65,344 shares of the company’s stock, valued at $1,013,485.44. This trade represents a 18.67 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.03% of the company’s stock.

About F.N.B.

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.