F.N.B. Co. (NYSE:FNB) Position Increased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lifted its position in F.N.B. Co. (NYSE:FNB) by 31.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,600 shares of the bank’s stock after acquiring an additional 1,100 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in F.N.B. were worth $65,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Y Intercept Hong Kong Ltd purchased a new position in F.N.B. during the 3rd quarter worth approximately $753,000. XTX Topco Ltd acquired a new stake in shares of F.N.B. in the third quarter worth $772,000. Zacks Investment Management grew its holdings in shares of F.N.B. by 22.0% during the third quarter. Zacks Investment Management now owns 49,669 shares of the bank’s stock valued at $701,000 after buying an additional 8,959 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in F.N.B. during the third quarter valued at $491,000. Finally, Jane Street Group LLC lifted its stake in F.N.B. by 780.7% in the 3rd quarter. Jane Street Group LLC now owns 357,057 shares of the bank’s stock worth $5,038,000 after acquiring an additional 316,515 shares in the last quarter. Institutional investors and hedge funds 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 business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $16.50, for a total transaction of $2,062,500.00. Following the completion of the transaction, the chief executive officer now owns 1,652,229 shares of the company’s stock, valued at $27,261,778.50. The trade was a 7.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.03% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods lifted their target price on F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Stephens boosted their price objective on shares of F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Wells Fargo & Company increased their target price on shares of F.N.B. from $16.00 to $19.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Piper Sandler restated an “overweight” rating on shares of F.N.B. in a report on Friday, October 18th. Finally, Raymond James upped their price target on shares of F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $17.67.

F.N.B. Stock Performance

Shares of FNB opened at $15.91 on Monday. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.40. F.N.B. Co. has a 12 month low of $12.49 and a 12 month high of $17.70. The company’s fifty day moving average is $15.61 and its 200-day moving average is $14.56. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 14.60 and a beta of 0.99.

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

F.N.B. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Monday, December 2nd were issued a $0.12 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.48 annualized dividend and a yield of 3.02%. F.N.B.’s dividend payout ratio (DPR) is currently 44.04%.

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.