Barclays PLC Buys 84,125 Shares of F.N.B. Co. (NYSE:FNB)

Barclays PLC increased its position in F.N.B. Co. (NYSE:FNB - Free Report) by 18.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 533,964 shares of the bank's stock after purchasing an additional 84,125 shares during the quarter. Barclays PLC owned 0.15% of F.N.B. worth $7,891,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. AlphaQuest LLC lifted its holdings in F.N.B. by 3,589.8% during the 4th 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 last quarter. Headlands Technologies LLC bought a new stake in shares of F.N.B. during the 4th quarter worth about $39,000. Versant Capital Management Inc boosted its stake in F.N.B. by 100.9% during the fourth 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. in the 4th quarter worth approximately $67,000. Finally, R Squared Ltd bought a new stake in shares of F.N.B. during the 4th quarter worth $69,000. 79.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FNB has been the subject of several analyst reports. Keefe, Bruyette & Woods raised F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 target price for the company in a report on Monday, April 21st. DA Davidson restated a "buy" rating and set a $19.00 price target on shares of F.N.B. in a report on Thursday, April 17th. Piper Sandler decreased 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. Finally, Wells Fargo & Company cut their target price on shares of 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. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.75.

F.N.B. Stock Down 0.7 %

Shares of F.N.B. stock traded down $0.10 on Tuesday, hitting $13.27. 214,163 shares of the company traded hands, compared to its average volume of 2,461,240. 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 12-month low of $10.88 and a 12-month high of $17.70. The company has a 50-day moving average price of $13.28 and a 200 day moving average price of $14.73. The company has a market cap of $4.77 billion, a PE ratio of 10.51, a PEG ratio of 3.60 and a beta of 0.86.

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, topping analysts' consensus estimates of $0.30 by $0.02. The company had revenue of $411.61 million during 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 last year, the business earned $0.34 EPS. Sell-side analysts predict that F.N.B. Co. will post 1.45 earnings per share for the current year.

F.N.B. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.12 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.48 annualized dividend and a dividend yield of 3.62%. F.N.B.'s dividend payout ratio (DPR) is 38.10%.

Insider Activity at F.N.B.

In other news, Director William B. Campbell bought 3,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were acquired at an average cost of $15.57 per share, for a total transaction of $46,710.00. Following the purchase, the director now owns 158,834 shares of the company's stock, valued at $2,473,045.38. This represents a 1.93 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction 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 represents a 18.67 % decrease in their position. The disclosure for this sale can be found here. 1.37% of the stock is owned by company insiders.

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.