Swiss National Bank Purchases 5,000 Shares of F.N.B. Co. (NYSE:FNB)

Swiss National Bank raised its position in F.N.B. Co. (NYSE:FNB) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 707,215 shares of the bank’s stock after buying an additional 5,000 shares during the quarter. Swiss National Bank owned about 0.20% of F.N.B. worth $10,453,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Savant Capital LLC raised its stake in shares of F.N.B. by 1.4% in the fourth quarter. Savant Capital LLC now owns 52,065 shares of the bank’s stock valued at $770,000 after buying an additional 708 shares during the period. Arizona State Retirement System grew its position in shares of F.N.B. by 0.7% in the fourth quarter. Arizona State Retirement System now owns 104,354 shares of the bank’s stock valued at $1,542,000 after purchasing an additional 765 shares in the last quarter. Hancock Whitney Corp grew its position in shares of F.N.B. by 0.8% in the third quarter. Hancock Whitney Corp now owns 121,945 shares of the bank’s stock valued at $1,721,000 after purchasing an additional 947 shares in the last quarter. Bill Few Associates Inc. grew its position in shares of F.N.B. by 1.1% in the fourth quarter. Bill Few Associates Inc. now owns 92,332 shares of the bank’s stock valued at $1,365,000 after purchasing an additional 1,023 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in shares of F.N.B. by 31.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank’s stock valued at $65,000 after purchasing an additional 1,100 shares in the last quarter. 79.25% of the stock is currently owned by institutional investors.

Insider Transactions at F.N.B.

In other 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 approximately $1,013,485.44. The trade was a 18.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William B. Campbell bought 3,000 shares of the stock in a transaction dated Wednesday, February 5th. The stock was bought 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. The trade was a 1.93 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.03% of the company’s stock.

F.N.B. Price Performance

FNB opened at $13.54 on Friday. The stock has a 50-day moving average price of $14.86 and a 200-day moving average price of $14.98. F.N.B. Co. has a 12-month low of $12.49 and a 12-month 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 market capitalization of $4.87 billion, a P/E ratio of 10.74, a PEG ratio of 3.60 and a beta of 0.98.

F.N.B. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend was Monday, March 3rd. F.N.B.’s payout ratio is currently 38.10%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. DA Davidson lifted their price target on F.N.B. from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Piper Sandler reduced 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. Raymond James boosted their target price on F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Keefe, Bruyette & Woods boosted their target price on F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company reduced 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 Monday, January 6th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.50.

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.