54,100 Shares in F.N.B. Corporation $FNB Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. acquired a new stake in shares of F.N.B. Corporation (NYSE:FNB) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 54,100 shares of the bank’s stock, valued at approximately $872,000.

Several other institutional investors and hedge funds have also bought and sold shares of FNB. Goldman Sachs Group Inc. increased its position in shares of F.N.B. by 77.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,513,248 shares of the bank’s stock valued at $20,353,000 after purchasing an additional 660,387 shares during the last quarter. AQR Capital Management LLC raised its position in F.N.B. by 36.4% in the first quarter. AQR Capital Management LLC now owns 1,896,488 shares of the bank’s stock worth $25,204,000 after acquiring an additional 505,780 shares during the period. Stanley Laman Group Ltd. bought a new position in F.N.B. in the second quarter worth approximately $3,440,000. Strs Ohio purchased a new position in shares of F.N.B. during the 1st quarter worth $1,873,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of F.N.B. by 5.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,049,241 shares of the bank’s stock valued at $14,112,000 after acquiring an additional 58,672 shares during the period. 79.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FNB shares. Truist Financial raised their target price on F.N.B. from $18.00 to $18.50 and gave the stock a “buy” rating in a report on Monday, October 20th. Piper Sandler assumed coverage on F.N.B. in a research note on Wednesday, December 3rd. They issued an “overweight” rating and a $19.00 price objective on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of F.N.B. in a research note on Monday, December 22nd. Finally, DA Davidson cut shares of F.N.B. from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $19.00.

F.N.B. Stock Performance

NYSE:FNB opened at $17.55 on Friday. The stock has a 50-day moving average price of $16.45 and a 200 day moving average price of $15.91. The stock has a market capitalization of $6.28 billion, a P/E ratio of 12.62, a P/E/G ratio of 0.91 and a beta of 0.93. F.N.B. Corporation has a 12-month low of $10.88 and a 12-month high of $17.93. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.32.

F.N.B. (NYSE:FNB) last posted its quarterly earnings results on Thursday, June 20th. The bank reported $0.40 earnings per share for the quarter. F.N.B. had a return on equity of 8.22% and a net margin of 19.23%.The business had revenue of $419.30 million during the quarter. Equities research analysts forecast that F.N.B. Corporation will post 1.45 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a dividend of $0.12 per share. The ex-dividend date was Monday, December 1st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.7%. F.N.B.’s dividend payout ratio is currently 34.53%.

Insider Buying and Selling at F.N.B.

In related news, insider James L. Dutey sold 40,000 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $16.75, for a total transaction of $670,000.00. Following the completion of the transaction, the insider directly owned 49,936 shares of the company’s stock, valued at approximately $836,428. This trade represents a 44.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gary L. Guerrieri sold 15,000 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $17.67, for a total transaction of $265,050.00. Following the completion of the sale, the insider owned 279,883 shares in the company, valued at approximately $4,945,532.61. The trade was a 5.09% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.37% of the company’s stock.

About F.N.B.

F.N.B. Corporation is a bank holding company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, FNB Bank, the company provides a broad range of commercial and consumer financial services. Founded in 1864 as the First National Bank of Pennsylvania, F.N.B. has grown through both organic expansion and strategic acquisitions to become a regional banking franchise.

The company’s main business activities include traditional deposit-taking and lending services, such as checking and savings accounts, mortgages, home equity lines of credit, and consumer and commercial loans.