28,930 Shares in F.N.B. Co. (NYSE:FNB) Bought by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP bought a new position in F.N.B. Co. (NYSE:FNB) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 28,930 shares of the bank’s stock, valued at approximately $428,000.

A number of other hedge funds have also modified their holdings of FNB. AlphaQuest LLC grew its holdings in shares of F.N.B. by 3,589.8% in the 4th quarter. AlphaQuest LLC now owns 1,808 shares of the bank’s stock worth $27,000 after acquiring an additional 1,759 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of F.N.B. in the 4th quarter worth $39,000. Sandy Spring Bank acquired a new position in shares of F.N.B. in the 4th quarter worth $67,000. R Squared Ltd acquired a new position in shares of F.N.B. in the 4th quarter worth $69,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of F.N.B. by 40.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 5,701 shares of the bank’s stock worth $84,000 after acquiring an additional 1,631 shares during the last quarter. 79.25% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other F.N.B. news, Director David L. Motley sold 15,000 shares of the business’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 completion of the sale, the director now owns 65,344 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on FNB shares. Wells Fargo & Company decreased their target price on F.N.B. from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. Truist Financial started coverage on F.N.B. in a research report on Tuesday. They issued a “buy” rating and a $16.50 target price for the company. Piper Sandler decreased 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. Keefe, Bruyette & Woods raised F.N.B. from a “market perform” rating to an “outperform” rating and set a $16.50 target price for the company in a research report on Monday, April 21st. Finally, DA Davidson reaffirmed a “buy” rating and issued a $19.00 target price on shares of F.N.B. in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $17.57.

F.N.B. Price Performance

FNB opened at $14.44 on Friday. The stock has a market cap of $5.20 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 3.60 and a beta of 0.88. F.N.B. Co. has a 1 year low of $10.88 and a 1 year 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 stock has a fifty day moving average price of $13.14 and a 200 day moving average price of $14.66.

F.N.B. (NYSE:FNB) last released its quarterly earnings data on Wednesday, April 16th. The bank reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. The firm had revenue of $411.61 million during the quarter, compared to analysts’ expectations 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 last year, the firm earned $0.34 earnings per share. Analysts forecast that F.N.B. Co. will post 1.45 EPS for the current fiscal year.

F.N.B. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd will be given a $0.12 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.32%. F.N.B.’s dividend payout ratio is currently 38.10%.

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.