Dynamic Technology Lab Private Ltd Buys New Holdings in F.N.B. Co. (NYSE:FNB)

Dynamic Technology Lab Private Ltd purchased a new position in F.N.B. Co. (NYSE:FNB) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 75,850 shares of the bank’s stock, valued at approximately $1,121,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Jane Street Group LLC lifted its position in F.N.B. by 780.7% during the third quarter. Jane Street Group LLC now owns 357,057 shares of the bank’s stock valued at $5,038,000 after purchasing an additional 316,515 shares during the period. Oak Thistle LLC raised its stake in shares of F.N.B. by 117.7% during the 4th quarter. Oak Thistle LLC now owns 95,737 shares of the bank’s stock valued at $1,415,000 after buying an additional 51,763 shares during the last quarter. Stifel Financial Corp grew its holdings in F.N.B. by 6.6% during the third quarter. Stifel Financial Corp now owns 28,669 shares of the bank’s stock worth $405,000 after acquiring an additional 1,768 shares during the period. Charles Schwab Investment Management Inc. raised its position in F.N.B. by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,940,425 shares of the bank’s stock valued at $58,239,000 after acquiring an additional 51,862 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings 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 acquiring an additional 1,631 shares during the period. 79.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on FNB shares. DA Davidson raised their price objective on shares of F.N.B. from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Piper Sandler cut their price objective on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Finally, Wells Fargo & Company lowered 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 note on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.50.

F.N.B. Stock Performance

FNB opened at $11.46 on Friday. The firm’s fifty day simple moving average is $14.42 and its two-hundred day simple moving average is $14.91. F.N.B. Co. has a 52-week low of $10.93 and a 52-week high of $17.70. The company has a market cap of $4.12 billion, a price-to-earnings ratio of 9.09, 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. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.19%. The ex-dividend date was Monday, March 3rd. F.N.B.’s payout ratio is 38.10%.

Insiders Place Their Bets

In other news, 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 cost of $15.57 per share, with a total value of $46,710.00. Following the purchase, the director now owns 158,834 shares in the company, valued at $2,473,045.38. This trade represents a 1.93 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David L. Motley sold 15,000 shares of F.N.B. stock in a transaction on Wednesday, February 19th. The stock was 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. This trade represents a 18.67 % decrease in their position. The disclosure for this sale can be found here. 1.03% of the stock is owned by company 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.