LSV Asset Management Sells 88,700 Shares of F.N.B. Co. (NYSE:FNB)

LSV Asset Management cut its holdings in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,923,700 shares of the bank's stock after selling 88,700 shares during the period. LSV Asset Management owned 0.53% of F.N.B. worth $28,432,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FNB. AlphaQuest LLC lifted its holdings in F.N.B. by 3,589.8% in the fourth quarter. AlphaQuest LLC now owns 1,808 shares of the bank's stock worth $27,000 after buying an additional 1,759 shares during the period. Headlands Technologies LLC bought a new position in F.N.B. in the fourth quarter worth $39,000. Versant Capital Management Inc boosted its holdings in shares of 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. Nomura Asset Management Co. Ltd. grew its position in shares of F.N.B. by 31.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank's stock worth $65,000 after buying an additional 1,100 shares during the period. Finally, Sandy Spring Bank bought a new position in shares of F.N.B. in the 4th quarter worth about $67,000. Institutional investors own 79.25% of the company's stock.

Insider Buying and Selling at F.N.B.

In related news, Director David L. Motley sold 15,000 shares of the firm'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 transaction, the director now directly owns 65,344 shares of the company's stock, valued at approximately $1,013,485.44. This trade represents a 18.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William B. Campbell purchased 3,000 shares of F.N.B. stock in a transaction on Wednesday, February 5th. The stock was bought at an average price of $15.57 per share, with a total value of $46,710.00. Following the transaction, the director now owns 158,834 shares of the company's stock, valued at approximately $2,473,045.38. This represents a 1.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.03% of the company's stock.

F.N.B. Stock Performance

Shares of NYSE FNB traded up $0.43 during trading on Thursday, reaching $12.66. 2,501,693 shares of the company traded hands, compared to its average volume of 2,444,013. The firm has a 50 day simple moving average of $13.68 and a 200-day simple moving average of $14.76. F.N.B. Co. has a 52-week low of $10.88 and a 52-week high of $17.70. The stock has a market capitalization of $4.55 billion, a PE ratio of 10.09, a P/E/G ratio of 3.60 and a beta of 0.86. 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. (NYSE:FNB - Get Free Report) last issued its earnings results on Wednesday, April 16th. The bank reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.02. The company 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 last year, the company posted $0.34 earnings per share. Equities research analysts anticipate that F.N.B. Co. will post 1.45 earnings per share for the current year.

F.N.B. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date was Monday, March 3rd. F.N.B.'s dividend payout ratio is 38.10%.

Wall Street Analysts Forecast Growth

FNB has been the subject of several recent research reports. DA Davidson reiterated a "buy" rating and set a $19.00 target price on shares of F.N.B. in a report on Thursday. Wells Fargo & Company lowered their price target on 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 reduced 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 note on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $18.00.

F.N.B. 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.