Sei Investments Co. Increases Stock Holdings in F.N.B. Co. (NYSE:FNB)

Sei Investments Co. increased its stake in F.N.B. Co. (NYSE:FNB) by 5.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,435,199 shares of the bank’s stock after acquiring an additional 73,855 shares during the quarter. Sei Investments Co. owned approximately 0.40% of F.N.B. worth $21,212,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Natixis Advisors LLC increased its stake in shares of F.N.B. by 4.0% during the third quarter. Natixis Advisors LLC now owns 66,705 shares of the bank’s stock worth $941,000 after purchasing an additional 2,591 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in F.N.B. in the 3rd quarter worth about $166,000. Charles Schwab Investment Management Inc. increased its stake in F.N.B. by 6.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,888,563 shares of the bank’s stock worth $54,868,000 after buying an additional 218,511 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of F.N.B. by 120.3% during the third quarter. Cerity Partners LLC now owns 56,632 shares of the bank’s stock valued at $799,000 after acquiring an additional 30,920 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of F.N.B. by 67.8% in the third quarter. Fisher Asset Management LLC now owns 97,581 shares of the bank’s stock valued at $1,377,000 after acquiring an additional 39,436 shares in the last quarter. 79.25% of the stock is currently owned by institutional investors and hedge funds.

F.N.B. Stock Down 0.4 %

NYSE FNB opened at $13.87 on Thursday. The business’s fifty day simple moving average is $14.77 and its 200-day simple moving average is $14.96. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.48. The firm has a market cap of $4.99 billion, a PE ratio of 11.00, a P/E/G ratio of 3.60 and a beta of 0.98. F.N.B. Co. has a 52 week low of $12.49 and a 52 week high of $17.70.

F.N.B. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date was Monday, March 3rd. F.N.B.’s dividend payout ratio (DPR) is presently 38.10%.

Analyst Upgrades and Downgrades

FNB has been the subject of several recent research reports. Piper Sandler reduced their price objective on F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Wells Fargo & Company reduced their target price on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. DA Davidson boosted their price target on shares of F.N.B. from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods upped their price objective on shares of F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.50.

Insider Buying and Selling at F.N.B.

In other news, Director William B. Campbell purchased 3,000 shares of F.N.B. stock in a transaction dated Wednesday, February 5th. The shares were purchased at an average price of $15.57 per share, with a total value of $46,710.00. Following the transaction, the director now owns 158,834 shares in the company, valued at $2,473,045.38. This 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 at this hyperlink. Also, Director David L. Motley sold 15,000 shares of the stock in a transaction that occurred on 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 transaction, 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 disclosure for this sale can be found here. 1.03% of the stock is currently owned by company insiders.

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.