Public Employees Retirement System of Ohio Buys 3,526 Shares of F.N.B. Co. (NYSE:FNB)

Public Employees Retirement System of Ohio boosted its stake in F.N.B. Co. (NYSE:FNB) by 2.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 145,059 shares of the bank’s stock after buying an additional 3,526 shares during the period. Public Employees Retirement System of Ohio’s holdings in F.N.B. were worth $2,047,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. AQR Capital Management LLC lifted its stake in shares of F.N.B. by 181.6% in the 2nd quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank’s stock valued at $41,045,000 after purchasing an additional 1,964,884 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of F.N.B. during the 3rd quarter valued at $14,190,000. Dimensional Fund Advisors LP boosted its holdings in shares of F.N.B. by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank’s stock valued at $303,361,000 after buying an additional 647,335 shares in the last quarter. Jane Street Group LLC increased its stake in shares of F.N.B. by 780.7% in the 3rd quarter. Jane Street Group LLC now owns 357,057 shares of the bank’s stock worth $5,038,000 after acquiring an additional 316,515 shares in the last quarter. Finally, State Street Corp lifted its position in F.N.B. by 1.9% during the 3rd quarter. State Street Corp now owns 15,185,397 shares of the bank’s stock valued at $214,266,000 after acquiring an additional 278,825 shares during the period. 79.25% of the stock is owned by institutional investors.

F.N.B. Trading Down 2.6 %

Shares of NYSE:FNB opened at $15.41 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.92. F.N.B. Co. has a 1 year low of $12.49 and a 1 year high of $17.70. The company has a market cap of $5.54 billion, a P/E ratio of 14.13 and a beta of 0.99. The stock’s fifty day moving average price is $15.69 and its 200-day moving average price is $14.58.

F.N.B. (NYSE:FNB) last posted its earnings results on Thursday, October 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). F.N.B. had a net margin of 16.29% and a return on equity of 8.49%. The company had revenue of $413.02 million for the quarter, compared to the consensus estimate of $409.80 million. Sell-side analysts expect that F.N.B. Co. will post 1.34 earnings per share for the current year.

F.N.B. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date was Monday, December 2nd. F.N.B.’s dividend payout ratio (DPR) is presently 44.04%.

Insider Buying and Selling at F.N.B.

In related news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $16.50, for a total value of $2,062,500.00. Following the transaction, the chief executive officer now owns 1,652,229 shares of the company’s stock, valued at approximately $27,261,778.50. This trade represents a 7.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.03% of the company’s stock.

Wall Street Analyst Weigh In

FNB has been the subject of a number of analyst reports. Stephens raised their target price on shares of F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Keefe, Bruyette & Woods lifted their price objective 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. Piper Sandler reissued an “overweight” rating on shares of F.N.B. in a research note on Friday, October 18th. StockNews.com raised F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Finally, Raymond James increased their price objective on shares of F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.67.

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.