F.N.B. Co. (NYSE:FNB) Shares Acquired by Versant Capital Management Inc

Versant Capital Management Inc increased its position in shares of F.N.B. Co. (NYSE:FNB) by 100.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,011 shares of the bank’s stock after purchasing an additional 2,014 shares during the quarter. Versant Capital Management Inc’s holdings in F.N.B. were worth $59,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Signaturefd LLC raised its position in F.N.B. by 16.7% during the 3rd quarter. Signaturefd LLC now owns 5,592 shares of the bank’s stock worth $79,000 after buying an additional 799 shares during the last quarter. Hancock Whitney Corp raised its holdings in shares of F.N.B. by 0.8% during the third quarter. Hancock Whitney Corp now owns 121,945 shares of the bank’s stock worth $1,721,000 after purchasing an additional 947 shares during the last quarter. Bank of Montreal Can lifted its position in F.N.B. by 2.2% during the second quarter. Bank of Montreal Can now owns 47,679 shares of the bank’s stock valued at $653,000 after purchasing an additional 1,040 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in F.N.B. by 31.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank’s stock valued at $65,000 after purchasing an additional 1,100 shares during the last quarter. Finally, TD Private Client Wealth LLC boosted its holdings in F.N.B. by 27.9% in the third quarter. TD Private Client Wealth LLC now owns 6,332 shares of the bank’s stock valued at $89,000 after purchasing an additional 1,383 shares during the last quarter. Hedge funds and other institutional investors own 79.25% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FNB shares. StockNews.com raised F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Wells Fargo & Company lifted their price target on F.N.B. from $16.00 to $19.00 and gave the company 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 research report on Friday, October 18th. Keefe, Bruyette & Woods lifted their target price on shares of F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, Raymond James increased their price target on shares of F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a report 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 company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $17.67.

Insiders Place Their Bets

In other F.N.B. news, CEO Vincent J. Delie, Jr. sold 125,000 shares of F.N.B. 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 sale, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.03% of the stock is owned by company insiders.

F.N.B. Trading Up 0.9 %

Shares of FNB stock opened at $14.67 on Monday. The stock has a 50 day simple moving average of $15.78 and a 200-day simple moving average of $14.73. F.N.B. Co. has a 1-year low of $12.49 and a 1-year high of $17.70. The company has a market cap of $5.28 billion, a price-to-earnings ratio of 13.46 and a beta of 1.01. 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. (NYSE:FNB) last posted its quarterly earnings data 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). The company had revenue of $413.02 million for the quarter, compared to analysts’ expectations of $409.80 million. F.N.B. had a net margin of 16.29% and a return on equity of 8.49%. On average, equities research analysts expect that F.N.B. Co. will post 1.34 EPS for the current fiscal year.

F.N.B. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Monday, December 2nd were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend was Monday, December 2nd. F.N.B.’s payout ratio is 44.04%.

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.