Harbor Capital Advisors Inc. Invests $872,000 in F.N.B. Corporation $FNB

Harbor Capital Advisors Inc. bought a new stake in F.N.B. Corporation (NYSE:FNB) in the third quarter, HoldingsChannel.com reports. The fund bought 54,100 shares of the bank’s stock, valued at approximately $872,000.

Other large investors also recently bought and sold shares of the company. Strs Ohio bought a new stake in shares of F.N.B. in the 1st quarter worth about $1,873,000. KLP Kapitalforvaltning AS grew its position in F.N.B. by 7.3% in the second quarter. KLP Kapitalforvaltning AS now owns 74,900 shares of the bank’s stock worth $1,092,000 after acquiring an additional 5,100 shares in the last quarter. Caxton Associates LLP bought a new stake in F.N.B. during the first quarter worth approximately $672,000. GAMMA Investing LLC raised its position in F.N.B. by 135.6% during the second quarter. GAMMA Investing LLC now owns 14,289 shares of the bank’s stock valued at $208,000 after purchasing an additional 8,223 shares during the period. Finally, Stanley Laman Group Ltd. bought a new stake in shares of F.N.B. in the 2nd quarter valued at approximately $3,440,000. Institutional investors own 79.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FNB shares. Weiss Ratings reissued a “buy (b)” rating on shares of F.N.B. in a research report on Monday, December 22nd. DA Davidson cut shares of F.N.B. from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Piper Sandler began coverage on shares of F.N.B. in a research note on Wednesday, December 3rd. They issued an “overweight” rating and a $19.00 target price on the stock. Finally, Truist Financial lifted their price target on shares of F.N.B. from $18.00 to $18.50 and gave the stock a “buy” rating in a research note on Monday, October 20th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, F.N.B. has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

F.N.B. Stock Performance

FNB stock opened at $17.55 on Friday. F.N.B. Corporation has a twelve month low of $10.88 and a twelve month high of $17.93. The firm has a market cap of $6.28 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 0.91 and a beta of 0.93. The business’s fifty day simple moving average is $16.45 and its two-hundred day simple moving average is $15.91. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.32.

F.N.B. (NYSE:FNB) last posted its quarterly earnings results on Thursday, June 20th. The bank reported $0.40 EPS for the quarter. The firm had revenue of $419.30 million for the quarter. F.N.B. had a net margin of 19.23% and a return on equity of 8.22%. Analysts predict that F.N.B. Corporation will post 1.45 earnings per share for the current year.

F.N.B. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Monday, December 1st. F.N.B.’s dividend payout ratio is currently 34.53%.

Insider Buying and Selling

In related news, insider Gary L. Guerrieri sold 15,000 shares of the stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $17.67, for a total value of $265,050.00. Following the transaction, the insider owned 279,883 shares of the company’s stock, valued at $4,945,532.61. This represents a 5.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James L. Dutey sold 40,000 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $16.75, for a total value of $670,000.00. Following the transaction, the insider owned 49,936 shares in the company, valued at $836,428. The trade was a 44.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.37% of the company’s stock.

F.N.B. Company Profile

F.N.B. Corporation is a bank holding company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, FNB Bank, the company provides a broad range of commercial and consumer financial services. Founded in 1864 as the First National Bank of Pennsylvania, F.N.B. has grown through both organic expansion and strategic acquisitions to become a regional banking franchise.

The company’s main business activities include traditional deposit-taking and lending services, such as checking and savings accounts, mortgages, home equity lines of credit, and consumer and commercial loans.