F.N.B. Co. (NYSE:FNB) Shares Sold by Jane Street Group LLC

Jane Street Group LLC decreased its holdings in F.N.B. Co. (NYSE:FNB) by 65.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 122,706 shares of the bank’s stock after selling 234,351 shares during the quarter. Jane Street Group LLC’s holdings in F.N.B. were worth $1,814,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FNB. Vanguard Group Inc. boosted its stake in F.N.B. by 0.8% in 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 during the period. PL Capital Advisors LLC acquired a new position in F.N.B. in the 4th quarter worth approximately $308,616,000. Geode Capital Management LLC boosted its stake in F.N.B. by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 5,961,104 shares of the bank’s stock worth $88,133,000 after purchasing an additional 21,325 shares during the period. First Trust Advisors LP boosted its stake in F.N.B. by 76.8% in the 4th quarter. First Trust Advisors LP now owns 5,233,363 shares of the bank’s stock worth $77,349,000 after purchasing an additional 2,273,736 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in F.N.B. by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,940,425 shares of the bank’s stock worth $58,239,000 after purchasing an additional 51,862 shares during the period. Institutional investors and hedge funds own 79.25% of the company’s stock.

F.N.B. Trading Down 0.1%

Shares of NYSE:FNB opened at $14.44 on Friday. The firm has a fifty day moving average of $13.17 and a two-hundred day moving average of $14.66. The firm has a market capitalization of $5.20 billion, a P/E ratio of 11.46, a price-to-earnings-growth ratio of 3.60 and a beta of 0.88. F.N.B. Co. has a 12-month low of $10.88 and a 12-month high of $17.70. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.48.

F.N.B. (NYSE:FNB) last issued its earnings results on Wednesday, April 16th. The bank reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. The company had revenue of $411.61 million during the quarter, compared to analyst estimates of $409.52 million. F.N.B. had a net margin of 18.12% and a return on equity of 8.30%. During the same quarter last year, the business posted $0.34 EPS. On average, equities analysts expect that F.N.B. Co. will post 1.45 EPS for the current fiscal year.

F.N.B. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend is Monday, June 2nd. F.N.B.’s dividend payout ratio (DPR) is currently 38.10%.

Insider Activity at F.N.B.

In related news, Director David L. Motley sold 15,000 shares of F.N.B. stock in a transaction on Wednesday, February 19th. The shares were 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 1.37% of the stock is owned by company insiders.

Analysts Set New Price Targets

FNB has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods raised shares of F.N.B. from a “market perform” rating to an “outperform” rating and set a $16.50 price objective for the company in a research note on Monday, April 21st. Wells Fargo & Company decreased their price objective on shares of F.N.B. from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Wednesday, April 9th. DA Davidson reaffirmed a “buy” rating and issued a $19.00 price objective on shares of F.N.B. in a research note on Thursday, April 17th. Piper Sandler decreased their price objective on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Finally, Truist Financial initiated coverage on shares of F.N.B. in a research note on Tuesday, May 13th. They issued a “buy” rating and a $16.50 price objective for the company. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $17.57.

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.