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

Elo Mutual Pension Insurance Co boosted its position in F.N.B. Co. (NYSE:FNB) by 64.3% during the 4th quarter, Holdings Channel reports. The fund owned 26,527 shares of the bank’s stock after buying 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 hedge funds have also recently added to or reduced their stakes in the company. AlphaQuest LLC raised its position in shares of F.N.B. by 3,589.8% during the fourth quarter. AlphaQuest LLC now owns 1,808 shares of the bank’s stock worth $27,000 after purchasing an additional 1,759 shares during the period. Brooklyn Investment Group bought a new stake in F.N.B. during the 3rd quarter valued at $31,000. Versant Capital Management Inc raised its holdings in F.N.B. by 100.9% during the fourth quarter. Versant Capital Management Inc now owns 4,011 shares of the bank’s stock worth $59,000 after buying an additional 2,014 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of 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 position in shares of F.N.B. during the fourth quarter valued at about $67,000. Institutional investors and hedge funds own 79.25% of the company’s stock.

Insider Activity

In related news, Director William B. Campbell bought 3,000 shares of F.N.B. stock in a transaction dated Wednesday, February 5th. The stock was purchased at an average cost of $15.57 per share, with a total value of $46,710.00. Following the transaction, the director now directly owns 158,834 shares of the company’s stock, valued at approximately $2,473,045.38. The trade was a 1.93 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $232,650.00. Following the completion of the sale, the director now directly owns 65,344 shares in the company, valued at $1,013,485.44. This trade represents a 18.67 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.03% of the company’s stock.

F.N.B. Stock Performance

FNB stock opened at $13.41 on Monday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.48. The firm has a market cap of $4.82 billion, a PE ratio of 10.64, a P/E/G ratio of 3.60 and a beta of 0.98. The business has a 50 day moving average of $14.70 and a 200-day moving average of $14.96. F.N.B. Co. has a 12-month low of $12.49 and a 12-month high of $17.70.

F.N.B. Dividend Announcement

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

Wall Street Analyst Weigh In

FNB has been the topic of a number of analyst reports. DA Davidson upped 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. Keefe, Bruyette & Woods increased their price objective on F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler dropped their target price on F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Finally, Wells Fargo & Company decreased their price target on F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $18.50.

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.