Easterly Investment Partners LLC Buys 1,805 Shares of F.N.B. Co. (NYSE:FNB)

Easterly Investment Partners LLC boosted its stake in shares of F.N.B. Co. (NYSE:FNB) by 0.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 907,467 shares of the bank’s stock after acquiring an additional 1,805 shares during the quarter. F.N.B. accounts for about 1.1% of Easterly Investment Partners LLC’s investment portfolio, making the stock its 24th largest holding. Easterly Investment Partners LLC owned approximately 0.25% of F.N.B. worth $13,412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. PL Capital Advisors LLC purchased a new stake in shares of F.N.B. during the fourth quarter valued at approximately $308,616,000. Raymond James Financial Inc. purchased a new stake in shares of F.N.B. during the fourth quarter worth about $15,801,000. Point72 Asset Management L.P. bought a new stake in shares of F.N.B. in the third quarter worth about $14,190,000. Assenagon Asset Management S.A. increased its holdings in F.N.B. by 490.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 929,683 shares of the bank’s stock valued at $13,741,000 after purchasing an additional 772,134 shares during the period. Finally, Fisher Asset Management LLC raised its position in F.N.B. by 583.5% during the 4th quarter. Fisher Asset Management LLC now owns 666,990 shares of the bank’s stock valued at $9,858,000 after purchasing an additional 569,409 shares during the last quarter. 79.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FNB has been the subject of several research analyst reports. Wells Fargo & Company dropped their price objective on F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, January 6th. DA Davidson boosted their price objective on shares of F.N.B. from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods raised their target price on shares of 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, Piper Sandler reduced their price target on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, F.N.B. has a consensus rating of “Moderate Buy” and a consensus price target of $18.50.

Insider Buying and Selling

In related news, Director William B. Campbell purchased 3,000 shares of F.N.B. stock in a transaction dated Wednesday, February 5th. The stock was purchased at an average cost of $15.57 per share, for a total transaction of $46,710.00. Following the completion of the acquisition, the director now directly owns 158,834 shares of the company’s stock, valued at $2,473,045.38. The trade was a 1.93 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director David L. Motley sold 15,000 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 65,344 shares in the company, valued at approximately $1,013,485.44. The trade was a 18.67 % decrease in their position. The disclosure for this sale can be found here. 1.03% of the stock is currently owned by company insiders.

F.N.B. Trading Down 0.4 %

Shares of NYSE FNB opened at $13.87 on Thursday. The stock has a market cap of $4.99 billion, a P/E ratio of 11.00, a price-to-earnings-growth ratio of 3.60 and a beta of 0.98. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.94 and a quick ratio of 0.94. F.N.B. Co. has a 1 year low of $12.49 and a 1 year high of $17.70. The firm has a 50-day moving average of $14.77 and a 200 day moving average of $14.96.

F.N.B. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were given 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 dividend yield of 3.46%. F.N.B.’s dividend payout ratio is currently 38.10%.

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.