68,124 Shares in F.N.B. Corporation $FNB Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. purchased a new stake in F.N.B. Corporation (NYSE:FNB) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 68,124 shares of the bank’s stock, valued at approximately $1,097,000.

Several other large investors also recently bought and sold shares of the company. Parallel Advisors LLC raised its holdings in shares of F.N.B. by 22.8% during the second quarter. Parallel Advisors LLC now owns 3,802 shares of the bank’s stock valued at $55,000 after acquiring an additional 706 shares during the last quarter. GAMMA Investing LLC increased its position in shares of F.N.B. by 5.6% during the third quarter. GAMMA Investing LLC now owns 15,096 shares of the bank’s stock worth $243,000 after purchasing an additional 807 shares in the last quarter. AlphaQuest LLC raised its stake in F.N.B. by 82.2% in the 1st quarter. AlphaQuest LLC now owns 3,295 shares of the bank’s stock valued at $44,000 after purchasing an additional 1,487 shares during the last quarter. Captrust Financial Advisors lifted its holdings in F.N.B. by 1.8% in the 2nd quarter. Captrust Financial Advisors now owns 87,304 shares of the bank’s stock valued at $1,273,000 after purchasing an additional 1,514 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in F.N.B. by 3,723.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the bank’s stock worth $36,000 after purchasing an additional 2,420 shares during the last quarter. 79.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

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

F.N.B. Price Performance

F.N.B. stock opened at $17.09 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average price of $16.59 and a 200 day moving average price of $15.99. F.N.B. Corporation has a 12-month low of $10.88 and a 12-month high of $17.93. The stock has a market cap of $6.12 billion, a P/E ratio of 12.30, a PEG ratio of 0.88 and a beta of 0.91.

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

F.N.B. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.48 annualized dividend and a yield of 2.8%. F.N.B.’s dividend payout ratio (DPR) is 34.53%.

F.N.B. Company Profile

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.