Elo Mutual Pension Insurance Co Acquires 10,381 Shares of F.N.B. Co. (NYSE:FNB)

Elo Mutual Pension Insurance Co grew its holdings in F.N.B. Co. (NYSE:FNB) by 64.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 26,527 shares of the bank’s stock after purchasing an additional 10,381 shares during the period. Elo Mutual Pension Insurance Co’s holdings in F.N.B. were worth $392,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. AlphaQuest LLC boosted its stake in F.N.B. by 3,589.8% in the fourth quarter. AlphaQuest LLC now owns 1,808 shares of the bank’s stock valued at $27,000 after buying an additional 1,759 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of F.N.B. in the 3rd quarter valued at approximately $31,000. Versant Capital Management Inc grew its holdings in shares of F.N.B. by 100.9% during the 4th quarter. Versant Capital Management Inc now owns 4,011 shares of the bank’s stock valued at $59,000 after purchasing an additional 2,014 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position 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 buying an additional 1,100 shares in the last quarter. Finally, Sandy Spring Bank acquired a new stake in F.N.B. in the fourth quarter valued at approximately $67,000. Institutional investors and hedge funds own 79.25% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other F.N.B. news, Director William B. Campbell bought 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were bought at an average price of $15.57 per share, for a total transaction of $46,710.00. Following the transaction, the director now directly owns 158,834 shares in the company, valued at approximately $2,473,045.38. This trade represents a 1.93 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David L. Motley sold 15,000 shares of F.N.B. stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. 1.03% of the stock is owned by insiders.

F.N.B. Price Performance

F.N.B. stock opened at $13.41 on Monday. The firm has a market cap of $4.82 billion, a P/E ratio of 10.64, a P/E/G ratio of 3.60 and a beta of 0.98. The stock’s 50 day moving average is $14.70 and its 200 day moving average is $14.96. 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 one year low of $12.49 and a one year high of $17.70.

F.N.B. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend was Monday, March 3rd. F.N.B.’s dividend payout ratio (DPR) is presently 38.10%.

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.