42,543 Shares in F.N.B. Co. (NYSE:FNB) Bought by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC purchased a new stake in shares of F.N.B. Co. (NYSE:FNB - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 42,543 shares of the bank's stock, valued at approximately $629,000.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in F.N.B. by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 39,416,478 shares of the bank's stock valued at $582,576,000 after purchasing an additional 305,826 shares during the period. PL Capital Advisors LLC purchased a new stake in F.N.B. during the 4th quarter valued at approximately $308,616,000. Geode Capital Management LLC raised its position in shares of F.N.B. by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 5,961,104 shares of the bank's stock valued at $88,133,000 after buying an additional 21,325 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of F.N.B. by 76.8% in the fourth quarter. First Trust Advisors LP now owns 5,233,363 shares of the bank's stock worth $77,349,000 after buying an additional 2,273,736 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of F.N.B. by 2.6% during the third quarter. Principal Financial Group Inc. now owns 4,952,429 shares of the bank's stock worth $69,879,000 after acquiring an additional 127,516 shares during the last quarter. Institutional investors own 79.25% of the company's stock.

Analyst Ratings Changes

Several analysts have commented 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 on the stock in a research note on Wednesday, April 9th. 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. Keefe, Bruyette & Woods upgraded F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 price target for the company in a report on Monday, April 21st. Finally, DA Davidson reaffirmed a "buy" rating and set a $19.00 price objective on shares of F.N.B. in a report on Thursday, April 17th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $17.75.

Insider Buying and Selling at F.N.B.

In related news, Director David L. Motley sold 15,000 shares of the business's 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 completion of the transaction, the director now owns 65,344 shares in the company, valued at $1,013,485.44. The trade was a 18.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.37% of the company's stock.

F.N.B. Price Performance

Shares of F.N.B. stock opened at $13.68 on Friday. The stock has a 50 day moving average price of $13.08 and a 200-day moving average price of $14.66. F.N.B. Co. has a one year low of $10.88 and a one year high of $17.70. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 10.86, a price-to-earnings-growth ratio of 3.60 and a beta of 0.88. 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. (NYSE:FNB - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The bank reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.02. The business had revenue of $411.61 million for the quarter, compared to analysts' expectations of $409.52 million. F.N.B. had a net margin of 18.12% and a return on equity of 8.30%. During the same quarter in the previous year, the business posted $0.34 earnings per share. Equities analysts expect that F.N.B. Co. will post 1.45 EPS for the current year.

F.N.B. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend is Monday, June 2nd. F.N.B.'s payout ratio is currently 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.

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