Aptus Capital Advisors LLC Purchases 1,142 Shares of F.N.B. Co. (NYSE:FNB)

Aptus Capital Advisors LLC lifted its position in F.N.B. Co. (NYSE:FNB) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,111 shares of the bank’s stock after purchasing an additional 1,142 shares during the quarter. Aptus Capital Advisors LLC’s holdings in F.N.B. were worth $608,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in FNB. Oak Thistle LLC increased its stake in F.N.B. by 117.7% in the 4th quarter. Oak Thistle LLC now owns 95,737 shares of the bank’s stock worth $1,415,000 after acquiring an additional 51,763 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of F.N.B. by 51.1% during the fourth quarter. Prudential Financial Inc. now owns 112,920 shares of the bank’s stock worth $1,669,000 after purchasing an additional 38,180 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of F.N.B. by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,940,425 shares of the bank’s stock worth $58,239,000 after purchasing an additional 51,862 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in F.N.B. by 40.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 5,701 shares of the bank’s stock valued at $84,000 after purchasing an additional 1,631 shares in the last quarter. Finally, Wealthfront Advisers LLC bought a new stake in F.N.B. during the fourth quarter valued at approximately $386,000. Hedge funds and other 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 dated Wednesday, February 19th. The stock was sold at an average price of $15.51, for a total value of $232,650.00. Following the sale, the director now directly owns 65,344 shares of the company’s stock, valued at $1,013,485.44. This trade represents a 18.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.37% of the company’s stock.

F.N.B. Stock Down 0.9 %

FNB opened at $13.52 on Wednesday. F.N.B. Co. has a 12 month low of $10.88 and a 12 month high of $17.70. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48. The business’s 50-day moving average price is $13.12 and its 200-day moving average price is $14.68. The company has a market cap of $4.86 billion, a P/E ratio of 10.73, a P/E/G ratio of 3.60 and a beta of 0.88.

F.N.B. (NYSE:FNB) last announced its quarterly earnings data on Wednesday, April 16th. The bank reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. The firm 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 quarter in the previous year, the company posted $0.34 earnings per share. On average, equities analysts expect that F.N.B. Co. will post 1.45 EPS for the current year.

F.N.B. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend is Monday, June 2nd. F.N.B.’s dividend payout ratio (DPR) is presently 38.10%.

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 on the stock in a research report on Monday, April 21st. DA Davidson reaffirmed a “buy” rating and set a $19.00 price target on shares of F.N.B. in a research note 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 for the company in a report on Wednesday, April 9th. Finally, Piper Sandler dropped their target price on 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. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.75.

About F.N.B.

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.