United Services Automobile Association Raises Holdings in F.N.B. Co. (NYSE:FNB)

United Services Automobile Association lifted its holdings in F.N.B. Co. (NYSE:FNB) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,524 shares of the bank’s stock after buying an additional 870 shares during the quarter. United Services Automobile Association’s holdings in F.N.B. were worth $362,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of F.N.B. by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 39,416,478 shares of the bank’s stock worth $582,576,000 after purchasing an additional 305,826 shares in the last quarter. LPL Financial LLC lifted its stake in shares of F.N.B. by 195.3% in the fourth quarter. LPL Financial LLC now owns 223,285 shares of the bank’s stock valued at $3,300,000 after purchasing an additional 147,684 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in F.N.B. during the fourth quarter worth about $1,092,000. Intellus Advisors LLC acquired a new position in F.N.B. during the fourth quarter worth about $653,000. Finally, Sei Investments Co. increased its holdings in F.N.B. by 5.4% in the fourth quarter. Sei Investments Co. now owns 1,435,199 shares of the bank’s stock valued at $21,212,000 after buying an additional 73,855 shares in the last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.

Insiders Place Their Bets

In other news, Director William B. Campbell acquired 3,000 shares of F.N.B. stock in a transaction that occurred on Wednesday, February 5th. The shares were acquired at an average price of $15.57 per share, with a total value of $46,710.00. Following the completion of the purchase, the director now owns 158,834 shares of the company’s stock, valued at approximately $2,473,045.38. This represents a 1.93 % increase in their position. The transaction 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 firm’s stock in a transaction that occurred 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 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 position. The disclosure for this sale can be found here. 1.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on FNB shares. Wells Fargo & Company decreased their price target on F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Keefe, Bruyette & Woods upped their target price on F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler dropped their price target 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. Finally, 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. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $18.50.

F.N.B. Stock Performance

NYSE FNB opened at $13.91 on Tuesday. 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 stock has a market cap of $5.00 billion, a price-to-earnings ratio of 11.04, a price-to-earnings-growth ratio of 3.60 and a beta of 0.98. F.N.B. Co. has a fifty-two week low of $12.49 and a fifty-two week high of $17.70. The business has a fifty day moving average of $14.83 and a 200-day moving average of $14.97.

F.N.B. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were issued a $0.12 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.48 dividend on an annualized basis and a yield of 3.45%. F.N.B.’s dividend payout ratio (DPR) is 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.