Prospector Partners LLC Acquires Shares of 818,048 F.N.B. Co. (NYSE:FNB)

Prospector Partners LLC bought a new position in F.N.B. Co. (NYSE:FNB) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 818,048 shares of the bank’s stock, valued at approximately $12,091,000. Prospector Partners LLC owned about 0.23% of F.N.B. as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the company. AlphaQuest LLC increased its holdings in shares of F.N.B. by 3,589.8% during the fourth quarter. AlphaQuest LLC now owns 1,808 shares of the bank’s stock worth $27,000 after buying an additional 1,759 shares in the last quarter. Headlands Technologies LLC bought a new position in F.N.B. in the 4th quarter valued at $39,000. Versant Capital Management Inc boosted its stake in F.N.B. by 100.9% in the fourth quarter. Versant Capital Management Inc now owns 4,011 shares of the bank’s stock worth $59,000 after purchasing an additional 2,014 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of F.N.B. by 31.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank’s stock worth $65,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Sandy Spring Bank acquired a new stake in shares of F.N.B. in the fourth quarter valued at $67,000. Institutional investors and hedge funds own 79.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FNB. Piper Sandler decreased their price objective 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. DA Davidson boosted 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 report on Thursday, January 23rd. Finally, Wells Fargo & Company decreased their price objective on F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, F.N.B. currently has an average rating of “Moderate Buy” and a consensus price target of $18.50.

F.N.B. Price Performance

FNB opened at $11.46 on Friday. The company has a fifty day moving average price of $14.42 and a two-hundred day moving average price of $14.91. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $4.12 billion, a PE ratio of 9.09, a P/E/G ratio of 3.60 and a beta of 0.86. F.N.B. Co. has a 52 week low of $10.93 and a 52 week high of $17.70.

F.N.B. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend was Monday, March 3rd. F.N.B.’s dividend payout ratio (DPR) is currently 38.10%.

Insider Transactions at F.N.B.

In other news, Director William B. Campbell acquired 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was purchased at an average price of $15.57 per share, for a total transaction of $46,710.00. Following the completion of the acquisition, 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director David L. Motley sold 15,000 shares of the 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 completion of the sale, the director now owns 65,344 shares in the company, valued at approximately $1,013,485.44. This trade represents a 18.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.03% of the company’s stock.

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.