AmeriServ Wealth Advisors Takes $463,000 Position in F.N.B. Co. (NYSE:FNB)

AmeriServ Wealth Advisors bought a new stake in F.N.B. Co. (NYSE:FNB - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 31,329 shares of the bank's stock, valued at approximately $463,000.

A number of other large investors also recently added to or reduced their stakes in the company. AlphaQuest LLC increased its position in shares of F.N.B. by 3,589.8% during the fourth 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. Headlands Technologies LLC acquired a new stake in F.N.B. in the 4th quarter valued at about $39,000. Versant Capital Management Inc raised its holdings in F.N.B. by 100.9% in the fourth quarter. Versant Capital Management Inc now owns 4,011 shares of the bank's stock valued at $59,000 after acquiring an additional 2,014 shares in the last quarter. Sandy Spring Bank purchased a new position in F.N.B. in the fourth quarter worth approximately $67,000. Finally, R Squared Ltd purchased a new position in F.N.B. in the fourth quarter worth approximately $69,000. 79.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FNB has been the topic of a number of analyst reports. DA Davidson restated a "buy" rating and issued a $19.00 price objective on shares of F.N.B. in a report on Thursday, April 17th. Piper Sandler lowered their price objective on 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. Wells Fargo & Company cut their target price on F.N.B. from $18.00 to $16.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Finally, 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 note on Monday, April 21st. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $17.75.

F.N.B. Stock Performance

Shares of NYSE:FNB traded up $0.41 during midday trading on Thursday, hitting $13.91. The stock had a trading volume of 760,727 shares, compared to its average volume of 2,453,519. The company has a market capitalization of $5.00 billion, a PE ratio of 11.04, a P/E/G ratio of 3.60 and a beta of 0.88. F.N.B. Co. has a 1 year low of $10.88 and a 1 year high of $17.70. The stock has a 50 day moving average price of $13.10 and a two-hundred day moving average price of $14.67. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48.

F.N.B. (NYSE:FNB - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The bank reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.02. The business had revenue of $411.61 million during 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 period last year, the company posted $0.34 EPS. As a group, equities 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 business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend is Monday, June 2nd. F.N.B.'s dividend payout ratio is currently 38.10%.

Insider Transactions 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 stock was sold at an average price of $15.51, for a total transaction of $232,650.00. Following the completion of the sale, the director now directly owns 65,344 shares in the company, valued at $1,013,485.44. This represents a 18.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.37% of the company's stock.

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.