Oxford Asset Management LLP Acquires New Position in F.N.B. Co. (NYSE:FNB)

Oxford Asset Management LLP acquired a new stake in F.N.B. Co. (NYSE:FNB - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 21,014 shares of the bank's stock, valued at approximately $311,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Boothbay Fund Management LLC raised its stake in F.N.B. by 103.7% in the fourth quarter. Boothbay Fund Management LLC now owns 31,459 shares of the bank's stock valued at $465,000 after buying an additional 16,015 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of F.N.B. by 9.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 207,273 shares of the bank's stock valued at $3,064,000 after acquiring an additional 18,045 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of F.N.B. by 47.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 30,628 shares of the bank's stock worth $453,000 after acquiring an additional 9,887 shares in the last quarter. MetLife Investment Management LLC lifted its stake in F.N.B. by 9.1% during the fourth quarter. MetLife Investment Management LLC now owns 202,634 shares of the bank's stock worth $2,995,000 after purchasing an additional 16,859 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in F.N.B. by 76.8% in the fourth quarter. First Trust Advisors LP now owns 5,233,363 shares of the bank's stock valued at $77,349,000 after purchasing an additional 2,273,736 shares in the last quarter. 79.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on FNB shares. Keefe, Bruyette & Woods upgraded shares of F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 price objective for the company in a research report on Monday, April 21st. Piper Sandler reduced their price target on shares of F.N.B. from $19.00 to $18.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd. Wells Fargo & Company dropped their price objective on F.N.B. from $18.00 to $16.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Finally, DA Davidson reissued a "buy" rating and issued a $19.00 target price on shares of F.N.B. in a report on Thursday, April 17th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $17.75.

Insider Transactions at F.N.B.

In other news, Director David L. Motley sold 15,000 shares of the business'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 transaction, the director now directly owns 65,344 shares in the company, valued at $1,013,485.44. The trade was a 18.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William B. Campbell acquired 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, 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 $2,473,045.38. This trade represents a 1.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.37% of the company's stock.

F.N.B. Stock Performance

F.N.B. stock traded up $0.44 during midday trading on Friday, hitting $13.69. 1,792,771 shares of the company's stock were exchanged, compared to its average volume of 2,462,938. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of 3.60 and a beta of 0.88. F.N.B. Co. has a 12-month low of $10.88 and a 12-month high of $17.70. The firm's 50 day simple moving average is $13.16 and its 200 day simple moving average is $14.69.

F.N.B. (NYSE:FNB - Get Free Report) last issued its quarterly 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 return on equity of 8.30% and a net margin of 18.12%. The firm had revenue of $411.61 million for the quarter, compared to analysts' expectations of $409.52 million. During the same quarter in the previous year, the firm posted $0.34 EPS. Equities research analysts predict that F.N.B. Co. will post 1.45 EPS for the current year.

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.