F.N.B. Co. (NYSE:FNB) Holdings Lessened by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. trimmed its holdings in F.N.B. Co. (NYSE:FNB - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 24,439,656 shares of the bank's stock after selling 433,224 shares during the quarter. F.N.B. accounts for about 1.4% of Fuller & Thaler Asset Management Inc.'s holdings, making the stock its 5th biggest holding. Fuller & Thaler Asset Management Inc. owned approximately 6.80% of F.N.B. worth $361,218,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. AlphaQuest LLC grew its stake in shares of 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 purchasing an additional 1,759 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of F.N.B. in the fourth quarter worth about $39,000. Versant Capital Management Inc grew its stake in shares of F.N.B. by 100.9% in the fourth quarter. Versant Capital Management Inc now owns 4,011 shares of the bank's stock worth $59,000 after purchasing an additional 2,014 shares during the last quarter. Sandy Spring Bank bought a new stake in shares of F.N.B. in the fourth quarter worth about $67,000. Finally, R Squared Ltd bought a new stake in shares of F.N.B. in the fourth quarter worth about $69,000. 79.25% of the stock is currently owned by institutional investors.

F.N.B. Stock Down 0.8 %

Shares of FNB stock traded down $0.11 during trading hours on Monday, hitting $13.19. 385,527 shares of the company's stock traded hands, compared to its average volume of 2,875,621. The stock's fifty day simple moving average is $13.32 and its two-hundred day simple moving average is $14.73. F.N.B. Co. has a 12-month low of $10.88 and a 12-month high of $17.70. The stock has a market cap of $4.74 billion, a price-to-earnings ratio of 10.46, a PEG 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 released its earnings results 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. F.N.B. had a net margin of 18.12% and a return on equity of 8.30%. The firm had revenue of $411.61 million during the quarter, compared to analyst estimates of $409.52 million. During the same period last year, the business earned $0.34 earnings per share. On average, analysts expect that F.N.B. Co. will post 1.45 EPS for the current year.

F.N.B. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were given 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 3.64%. F.N.B.'s dividend payout ratio (DPR) is presently 38.10%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on FNB shares. DA Davidson reaffirmed a "buy" rating and set a $19.00 price objective on shares of F.N.B. in a research report on Thursday, April 17th. Wells Fargo & Company cut their price objective 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. Piper Sandler cut their price objective 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. Finally, Keefe, Bruyette & Woods raised F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 price objective on the stock in a research report on Monday, April 21st. 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, F.N.B. has an average rating of "Moderate Buy" and an average price target of $17.75.

Insider Buying and Selling

In other news, Director David L. Motley sold 15,000 shares of the firm's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $15.51, for a total transaction of $232,650.00. Following the sale, the director now owns 65,344 shares of the company's stock, valued at $1,013,485.44. This trade represents a 18.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William B. Campbell purchased 3,000 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were bought at an average cost of $15.57 per share, for a total transaction of $46,710.00. Following the acquisition, the director now owns 158,834 shares in the company, valued at approximately $2,473,045.38. The trade was a 1.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.37% of the stock is owned by corporate 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.