World Investment Advisors LLC Purchases Shares of 28,726 F.N.B. Co. (NYSE:FNB)

World Investment Advisors LLC purchased a new stake in F.N.B. Co. (NYSE:FNB) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 28,726 shares of the bank’s stock, valued at approximately $405,000.

Several other institutional investors and hedge funds have also recently modified their holdings of FNB. AQR Capital Management LLC raised its holdings in shares of F.N.B. by 181.6% in the 2nd quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank’s stock valued at $41,045,000 after acquiring an additional 1,964,884 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of F.N.B. in the 3rd quarter valued at about $14,190,000. Dimensional Fund Advisors LP raised its holdings in shares of F.N.B. by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank’s stock valued at $303,361,000 after acquiring an additional 647,335 shares in the last quarter. Jane Street Group LLC increased its position in shares of F.N.B. by 780.7% during the 3rd quarter. Jane Street Group LLC now owns 357,057 shares of the bank’s stock valued at $5,038,000 after purchasing an additional 316,515 shares during the last quarter. Finally, State Street Corp increased its position in shares of F.N.B. by 1.9% during the 3rd quarter. State Street Corp now owns 15,185,397 shares of the bank’s stock valued at $214,266,000 after purchasing an additional 278,825 shares during the last quarter. Hedge funds and other institutional investors own 79.25% of the company’s stock.

Insiders Place Their Bets

In other F.N.B. news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $16.50, for a total value of $2,062,500.00. Following the completion of the sale, the chief executive officer now owns 1,652,229 shares in the company, valued at approximately $27,261,778.50. This trade represents a 7.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.03% of the company’s stock.

F.N.B. Price Performance

FNB opened at $15.41 on Wednesday. The stock’s 50 day simple moving average is $15.69 and its 200 day simple moving average is $14.58. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.92. F.N.B. Co. has a 1 year low of $12.49 and a 1 year high of $17.70. The firm has a market cap of $5.54 billion, a price-to-earnings ratio of 14.13 and a beta of 0.99.

F.N.B. (NYSE:FNB) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). F.N.B. had a return on equity of 8.49% and a net margin of 16.29%. The company had revenue of $413.02 million for the quarter, compared to the consensus estimate of $409.80 million. As a group, analysts predict that F.N.B. Co. will post 1.34 earnings per share for the current year.

F.N.B. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.12%. The ex-dividend date was Monday, December 2nd. F.N.B.’s dividend payout ratio (DPR) is currently 44.04%.

Analyst Ratings Changes

Several brokerages have recently commented on FNB. Stephens increased their price objective on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Piper Sandler reiterated an “overweight” rating on shares of F.N.B. in a research report on Friday, October 18th. Keefe, Bruyette & Woods increased their price objective on F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Raymond James increased their price objective on F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Finally, StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. 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.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $17.67.

F.N.B. Company 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.