Ceredex Value Advisors LLC Has $14.36 Million Stock Position in F.N.B. Co. (NYSE:FNB)

Ceredex Value Advisors LLC raised its position in F.N.B. Co. (NYSE:FNB) by 0.7% in the fourth quarter, HoldingsChannel reports. The fund owned 971,874 shares of the bank’s stock after purchasing an additional 6,900 shares during the quarter. Ceredex Value Advisors LLC’s holdings in F.N.B. were worth $14,364,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. AlphaQuest LLC increased 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 valued at $27,000 after purchasing an additional 1,759 shares in the last quarter. Headlands Technologies LLC purchased a new position in F.N.B. during the 4th quarter worth $39,000. Versant Capital Management Inc boosted its holdings in F.N.B. by 100.9% during the fourth quarter. Versant Capital Management Inc now owns 4,011 shares of the bank’s stock worth $59,000 after purchasing an additional 2,014 shares during the last quarter. Sandy Spring Bank bought a new position in shares of F.N.B. in the fourth quarter valued at approximately $67,000. Finally, R Squared Ltd bought a new position in F.N.B. in the 4th quarter valued at $69,000. 79.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity at F.N.B.

In other news, 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 acquisition, the director now owns 158,834 shares of the company’s stock, valued at $2,473,045.38. This trade represents a 1.93 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director David L. Motley sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $15.51, for a total value of $232,650.00. Following the transaction, the director now directly owns 65,344 shares in the company, valued at approximately $1,013,485.44. This represents 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 owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company decreased their price target on shares of F.N.B. from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Wednesday, April 9th. DA Davidson upped their price target on 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 shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $18.17.

F.N.B. Stock Performance

NYSE:FNB opened at $12.26 on Thursday. F.N.B. Co. has a twelve month low of $10.88 and a twelve month high of $17.70. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.48. The stock has a market cap of $4.41 billion, a P/E ratio of 9.73, a PEG ratio of 3.60 and a beta of 0.86. The business’s 50-day moving average price is $13.68 and its two-hundred day moving average price is $14.76.

F.N.B. (NYSE:FNB) last announced its earnings results on Wednesday, April 16th. The bank reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.02. F.N.B. had a net margin of 18.12% and a return on equity of 8.30%. The business had revenue of $411.61 million during the quarter, compared to analyst estimates of $409.52 million. During the same period in the previous year, the business posted $0.34 earnings per share. As a group, equities analysts predict that F.N.B. Co. will post 1.45 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were given a $0.12 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.48 annualized dividend and a yield of 3.92%. 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.