Algert Global LLC Takes $482,000 Position in F.N.B. Co. (NYSE:FNB)

Algert Global LLC acquired a new stake in F.N.B. Co. (NYSE:FNB - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 32,618 shares of the bank's stock, valued at approximately $482,000.

A number of other institutional investors have also recently bought and sold shares of the business. World Investment Advisors raised its position in shares of F.N.B. by 2.3% in the 4th quarter. World Investment Advisors now owns 29,393 shares of the bank's stock valued at $434,000 after buying an additional 667 shares in the last quarter. Savant Capital LLC raised its position in shares of F.N.B. by 1.4% in the 4th quarter. Savant Capital LLC now owns 52,065 shares of the bank's stock valued at $770,000 after buying an additional 708 shares in the last quarter. Forum Financial Management LP raised its position in shares of F.N.B. by 5.9% in the 4th quarter. Forum Financial Management LP now owns 13,258 shares of the bank's stock valued at $196,000 after buying an additional 744 shares in the last quarter. Arizona State Retirement System raised its position in shares of F.N.B. by 0.7% in the 4th quarter. Arizona State Retirement System now owns 104,354 shares of the bank's stock valued at $1,542,000 after buying an additional 765 shares in the last quarter. Finally, United Services Automobile Association raised its position in shares of F.N.B. by 3.7% in the 4th quarter. United Services Automobile Association now owns 24,524 shares of the bank's stock valued at $362,000 after buying an additional 870 shares in the last quarter. Institutional investors own 79.25% of the company's stock.

F.N.B. Trading Down 0.0%

NYSE FNB traded down $0.01 on Friday, hitting $14.46. The company's stock had a trading volume of 395,351 shares, compared to its average volume of 2,789,219. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.48. F.N.B. Co. has a 1-year low of $10.88 and a 1-year high of $17.70. The company's 50-day moving average is $13.14 and its 200 day moving average is $14.66. The firm has a market cap of $5.20 billion, a PE ratio of 11.46, a PEG ratio of 3.60 and a beta of 0.88.

F.N.B. (NYSE:FNB - Get Free Report) last announced its quarterly 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 firm had revenue of $411.61 million during the quarter, compared to analysts' expectations of $409.52 million. During the same period in the prior year, the company posted $0.34 EPS. As a group, analysts predict that F.N.B. Co. will post 1.45 earnings per share for the current fiscal year.

F.N.B. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend is Monday, June 2nd. F.N.B.'s dividend payout ratio (DPR) is currently 38.10%.

Insider Buying and Selling at F.N.B.

In other news, Director David L. Motley sold 15,000 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $15.51, for a total value of $232,650.00. Following the sale, the director now directly owns 65,344 shares of the company's stock, valued at approximately $1,013,485.44. This represents a 18.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.37% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on FNB shares. Truist Financial started coverage on shares of F.N.B. in a research report on Tuesday. They issued a "buy" rating and a $16.50 target price for the company. Keefe, Bruyette & Woods upgraded shares of F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 price objective for the company in a research report on Monday, April 21st. DA Davidson reiterated a "buy" rating and set a $19.00 price objective on shares of F.N.B. in a research report on Thursday, April 17th. Wells Fargo & Company lowered their price objective on shares of F.N.B. from $18.00 to $16.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Finally, Piper Sandler lowered their price objective 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. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $17.57.

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.