Algert Global LLC Invests $482,000 in F.N.B. Co. (NYSE:FNB)

Algert Global LLC acquired a new position in shares of F.N.B. Co. (NYSE:FNB) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 32,618 shares of the bank’s stock, valued at approximately $482,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. World Investment Advisors raised its holdings in shares of F.N.B. by 2.3% in the 4th quarter. World Investment Advisors now owns 29,393 shares of the bank’s stock valued at $434,000 after purchasing an additional 667 shares during the period. Savant Capital LLC raised its holdings in shares of F.N.B. by 1.4% in the 4th quarter. Savant Capital LLC now owns 52,065 shares of the bank’s stock valued at $770,000 after purchasing an additional 708 shares during the period. Forum Financial Management LP raised its holdings in shares of F.N.B. by 5.9% in the 4th quarter. Forum Financial Management LP now owns 13,258 shares of the bank’s stock valued at $196,000 after purchasing an additional 744 shares during the period. Arizona State Retirement System raised its holdings in shares of F.N.B. by 0.7% in the 4th quarter. Arizona State Retirement System now owns 104,354 shares of the bank’s stock valued at $1,542,000 after purchasing an additional 765 shares during the period. Finally, United Services Automobile Association raised its holdings in shares of F.N.B. by 3.7% in the 4th quarter. United Services Automobile Association now owns 24,524 shares of the bank’s stock valued at $362,000 after purchasing an additional 870 shares during the period. 79.25% of the stock is owned by institutional investors.

Insider Transactions at F.N.B.

In other news, Director David L. Motley sold 15,000 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $1,013,485.44. This trade represents a 18.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods raised shares of F.N.B. from a “market perform” rating to an “outperform” rating and set a $16.50 target price on the stock in a report on Monday, April 21st. DA Davidson reissued a “buy” rating and issued a $19.00 price target on shares of F.N.B. in a report on Thursday, April 17th. Wells Fargo & Company lowered their price target on shares of 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, Piper Sandler lowered their price target on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.75.

F.N.B. Stock Down 1.0%

F.N.B. stock opened at $13.68 on Monday. The stock has a market cap of $4.92 billion, a P/E ratio of 10.86, a P/E/G ratio of 3.60 and a beta of 0.88. 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 twelve month low of $10.88 and a twelve month high of $17.70. The company’s 50-day moving average price is $13.08 and its two-hundred day moving average price is $14.66.

F.N.B. (NYSE:FNB) last announced its earnings results on Wednesday, April 16th. The bank reported $0.32 EPS for the quarter, topping 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 company had revenue of $411.61 million for the quarter, compared to analysts’ expectations of $409.52 million. During the same period last year, the firm earned $0.34 earnings per share. As a group, 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 announced a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.12 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.48 annualized dividend and a dividend yield of 3.51%. F.N.B.’s dividend payout ratio is presently 38.10%.

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.