Envestnet Asset Management Inc. trimmed its holdings in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 13.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 157,040 shares of the bank's stock after selling 23,773 shares during the quarter. Envestnet Asset Management Inc.'s holdings in F.N.B. were worth $2,321,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the business. AlphaQuest LLC raised its stake 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 in the last quarter. Headlands Technologies LLC bought a new position in F.N.B. in the 4th quarter worth approximately $39,000. Versant Capital Management Inc grew its holdings in F.N.B. by 100.9% during the 4th quarter. Versant Capital Management Inc now owns 4,011 shares of the bank's stock valued at $59,000 after buying an additional 2,014 shares in the last quarter. Sandy Spring Bank bought a new stake in shares of F.N.B. during the fourth quarter valued at approximately $67,000. Finally, R Squared Ltd purchased a new position in shares of F.N.B. in the fourth quarter worth $69,000. 79.25% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
FNB has been the topic of several research analyst reports. Keefe, Bruyette & Woods upgraded shares of F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 price target on the stock in a research note on Monday, April 21st. DA Davidson reiterated a "buy" rating and issued a $19.00 price target on shares of F.N.B. in a report on Thursday, April 17th. Wells Fargo & Company reduced their target price on shares of F.N.B. from $18.00 to $16.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. 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. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, F.N.B. has a consensus rating of "Moderate Buy" and a consensus target price of $17.75.
Check Out Our Latest Report on F.N.B.
F.N.B. Trading Up 2.2 %
NYSE:FNB traded up $0.28 on Thursday, hitting $13.37. The stock had a trading volume of 305,863 shares, compared to its average volume of 2,460,455. The company has a fifty day moving average price of $13.21 and a two-hundred day moving average price of $14.71. F.N.B. Co. has a 1-year low of $10.88 and a 1-year 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 $4.81 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 3.60 and a beta of 0.86.
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 (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.02. The firm had revenue of $411.61 million for the quarter, compared to analyst estimates 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 in the previous year, the firm earned $0.34 EPS. Equities research analysts expect that F.N.B. Co. will post 1.45 earnings per share for the current fiscal year.
Insider Activity
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. Also, Director William B. Campbell bought 3,000 shares of F.N.B. stock in a transaction that occurred on Wednesday, February 5th. The stock was purchased at an average price of $15.57 per share, for a total transaction of $46,710.00. Following the acquisition, the director now directly owns 158,834 shares of the company's stock, valued at $2,473,045.38. The trade was a 1.93 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.37% of the company's stock.
About F.N.B.
(
Free Report)
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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