Occudo Quantitative Strategies LP Acquires Shares of 28,930 F.N.B. Co. (NYSE:FNB)

Occudo Quantitative Strategies LP acquired a new stake in shares of F.N.B. Co. (NYSE:FNB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 28,930 shares of the bank’s stock, valued at approximately $428,000.

Other hedge funds have also recently bought and sold shares of the company. AlphaQuest LLC lifted its holdings in F.N.B. by 3,589.8% during the 4th quarter. AlphaQuest LLC now owns 1,808 shares of the bank’s stock worth $27,000 after buying an additional 1,759 shares during the last quarter. Headlands Technologies LLC bought a new position in F.N.B. during the 4th quarter worth approximately $39,000. Sandy Spring Bank bought a new position in F.N.B. during the 4th quarter worth approximately $67,000. R Squared Ltd bought a new position in F.N.B. during the 4th quarter worth approximately $69,000. Finally, Smartleaf Asset Management LLC lifted its holdings in F.N.B. by 40.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 5,701 shares of the bank’s stock worth $84,000 after buying an additional 1,631 shares during the last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.

Insider Activity

In other news, Director David L. Motley sold 15,000 shares of F.N.B. stock in a transaction 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 transaction, the director now directly owns 65,344 shares in the company, valued at approximately $1,013,485.44. This trade represents a 18.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.37% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wells Fargo & Company cut their price target on F.N.B. from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th. Truist Financial assumed coverage on F.N.B. in a report on Tuesday. They issued a “buy” rating and a $16.50 price target on the stock. Piper Sandler cut their price target 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. DA Davidson reissued a “buy” rating and issued a $19.00 price target on shares of F.N.B. in a report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods raised F.N.B. from a “market perform” rating to an “outperform” rating and set a $16.50 target price on the stock in a research note on Monday, April 21st. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, F.N.B. has an average rating of “Buy” and an average target price of $17.57.

F.N.B. Stock Down 0.6%

Shares of F.N.B. stock opened at $14.44 on Friday. The business’s fifty day moving average price is $13.14 and its two-hundred day moving average price is $14.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $5.20 billion, a P/E ratio of 11.46, a PEG ratio of 3.60 and a beta of 0.88. F.N.B. Co. has a 1-year low of $10.88 and a 1-year high of $17.70.

F.N.B. (NYSE:FNB) last issued its quarterly earnings results on Wednesday, April 16th. The bank reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.02. F.N.B. had a return on equity of 8.30% and a net margin of 18.12%. The company had revenue of $411.61 million for the quarter, compared to analysts’ expectations of $409.52 million. During the same period last year, the firm earned $0.34 EPS. As a group, research analysts forecast that F.N.B. Co. will post 1.45 EPS for the current year.

F.N.B. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend 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 presently 38.10%.

F.N.B. 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.