Oxford Asset Management LLP Invests $311,000 in F.N.B. Co. (NYSE:FNB)

28 Apr 2025, 06:25 by Jessica Moore · The Cerbat Gem

Oxford Asset Management LLP acquired a new position in shares of F.N.B. Co. (NYSE:FNB – Free Report) in the 4th quarter, Holdings Channel reports. The fund acquired 21,014 shares of the bank’s stock, valued at approximately $311,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC raised its holdings in shares of F.N.B. by 4.6% during the third quarter. Barclays PLC now owns 449,839 shares of the bank’s stock worth $6,348,000 after purchasing an additional 19,589 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of F.N.B. during the third quarter worth $405,000. Principal Financial Group Inc. raised its holdings in shares of F.N.B. by 2.6% during the third quarter. Principal Financial Group Inc. now owns 4,952,429 shares of the bank’s stock worth $69,879,000 after purchasing an additional 127,516 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of F.N.B. by 3.4% during the third quarter. JPMorgan Chase & Co. now owns 987,084 shares of the bank’s stock worth $13,928,000 after purchasing an additional 32,047 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of 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 purchasing an additional 2,014 shares during the last quarter. 79.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at F.N.B.

In other news, Director William B. Campbell bought 3,000 shares of F.N.B. stock in a transaction on Wednesday, February 5th. The stock was acquired at an average price of $15.57 per share, with a total value of $46,710.00. Following the completion of the acquisition, the director now directly owns 158,834 shares of the company’s stock, valued at $2,473,045.38. The trade was a 1.93 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director David L. Motley sold 15,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $15.51, for a total value of $232,650.00. Following the transaction, the director now directly owns 65,344 shares of the company’s stock, valued at $1,013,485.44. The trade was a 18.67 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on FNB shares. Keefe, Bruyette & Woods raised shares of F.N.B. from a “market perform” rating to an “outperform” rating and set a $16.50 target price for the company in a report on Monday, April 21st. Piper Sandler reduced their target price on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. DA Davidson reissued a “buy” rating and set a $19.00 target price on shares of F.N.B. in a report on Thursday, April 17th. Finally, Wells Fargo & Company cut their price objective on shares of F.N.B. from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.75.

Get Our Latest Report on F.N.B.

F.N.B. Stock Down 0.8 %

FNB opened at $13.30 on Monday. F.N.B. Co. has a fifty-two week low of $10.88 and a fifty-two week high of $17.70. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 0.94. The company has a fifty day moving average of $13.32 and a two-hundred day moving average of $14.73. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 3.60 and a beta of 0.86.

F.N.B. (NYSE:FNB – Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The bank reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. F.N.B. had a net margin of 18.12% and a return on equity of 8.30%. The company had revenue of $411.61 million during the quarter, compared to analysts’ expectations of $409.52 million. During the same quarter in the previous year, the company earned $0.34 earnings per share. On average, research analysts expect that F.N.B. Co. will post 1.45 earnings per share for the current year.

F.N.B. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.61%. F.N.B.’s payout ratio is currently 38.10%.

F.N.B. Company Profile

(Free Report)

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.