4,500 Shares in F.N.B. Co. (NYSE:FNB) Bought by Sandy Spring Bank

Sandy Spring Bank bought a new position in F.N.B. Co. (NYSE:FNB) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,500 shares of the bank’s stock, valued at approximately $67,000.

Several other hedge funds also recently made changes to their positions in the company. AlphaQuest LLC increased its position in F.N.B. by 3,589.8% during the 4th quarter. AlphaQuest LLC now owns 1,808 shares of the bank’s stock valued at $27,000 after purchasing an additional 1,759 shares during the period. Brooklyn Investment Group purchased a new position in F.N.B. during the 3rd quarter valued at $31,000. Versant Capital Management Inc increased its position in 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 purchasing an additional 2,014 shares during the period. Nomura Asset Management Co. Ltd. increased its position in F.N.B. by 31.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank’s stock valued at $65,000 after purchasing an additional 1,100 shares during the period. Finally, R Squared Ltd purchased a new position in F.N.B. during the 4th quarter valued at $69,000. 79.25% of the stock is owned by hedge funds and other institutional investors.

F.N.B. Stock Performance

Shares of F.N.B. stock opened at $13.55 on Friday. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 3.60 and a beta of 0.98. The firm’s 50-day moving average is $14.84 and its 200 day moving average is $14.97. F.N.B. Co. has a 1 year low of $12.49 and a 1 year high of $17.70. 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. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend was Monday, March 3rd. F.N.B.’s dividend payout ratio is currently 38.10%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Piper Sandler reduced their target price on shares of 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. DA Davidson upped their target price on shares of F.N.B. from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Wells Fargo & Company reduced their target price on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods upped their target price on shares of F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $18.50.

Insider Activity

In related news, Director William B. Campbell purchased 3,000 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were purchased at an average price of $15.57 per share, with a total value of $46,710.00. Following the acquisition, the director now directly owns 158,834 shares in the company, valued at $2,473,045.38. The trade was a 1.93 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 directly owns 65,344 shares in the company, valued at approximately $1,013,485.44. The trade was a 18.67 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.03% of the company’s stock.

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.