D. E. Shaw & Co. Inc. Decreases Position in F.N.B. Co. (NYSE:FNB)

D. E. Shaw & Co. Inc. decreased its position in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 55.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 181,958 shares of the bank's stock after selling 228,713 shares during the period. D. E. Shaw & Co. Inc. owned 0.05% of F.N.B. worth $2,689,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. acquired a new position in F.N.B. during the fourth quarter worth approximately $12,952,000. Bastion Asset Management Inc. acquired a new position in F.N.B. during the fourth quarter worth approximately $4,360,000. Algert Global LLC acquired a new position in F.N.B. during the fourth quarter worth approximately $482,000. AmeriServ Wealth Advisors acquired a new position in F.N.B. during the fourth quarter worth approximately $463,000. Finally, Aptus Capital Advisors LLC increased its position in F.N.B. by 2.9% during the fourth quarter. Aptus Capital Advisors LLC now owns 41,111 shares of the bank's stock worth $608,000 after buying an additional 1,142 shares during the period. Institutional investors and hedge funds own 79.25% of the company's stock.

Insider Buying and Selling

In other 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 value of $232,650.00. Following the completion of the transaction, the director now directly owns 65,344 shares of the company's stock, valued at $1,013,485.44. The trade was a 18.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

FNB has been the topic of several analyst reports. Keefe, Bruyette & Woods upgraded F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 target price on the stock in a research note on Monday, April 21st. Truist Financial initiated coverage on F.N.B. in a research note on Tuesday, May 13th. They issued a "buy" rating and a $16.50 target price on the stock. Wells Fargo & Company lowered their target price on 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 lowered their target price on F.N.B. from $19.00 to $18.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. Finally, DA Davidson reiterated a "buy" rating and issued a $19.00 target price on shares of F.N.B. in a research note on Thursday, April 17th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $17.57.

F.N.B. Stock Down 0.4%

F.N.B. stock opened at $14.37 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.94 and a quick ratio of 0.94. F.N.B. Co. has a 1-year low of $10.88 and a 1-year high of $17.70. The company has a market cap of $5.17 billion, a PE ratio of 11.40, a price-to-earnings-growth ratio of 3.60 and a beta of 0.88. The stock's 50 day moving average price is $13.19 and its 200 day moving average price is $14.66.

F.N.B. (NYSE:FNB - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $411.61 million for the quarter, compared to the consensus estimate of $409.52 million. F.N.B. had a return on equity of 8.30% and a net margin of 18.12%. During the same period in the previous year, the business earned $0.34 earnings per share. On average, sell-side analysts predict that F.N.B. Co. will post 1.45 EPS for the current fiscal year.

F.N.B. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Monday, June 2nd will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.48 annualized dividend and a yield of 3.34%. F.N.B.'s dividend payout ratio is presently 38.10%.

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.

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