Fuller & Thaler Amends FNB Corp Stake, Maintains Passive Position
Ticker: FNB · Form: SC 13G/A · Filed: 2024-02-12T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
Related Tickers: FNB
TL;DR
**Fuller & Thaler still owns FNB Corp shares, showing continued institutional confidence.**
AI Summary
Fuller & Thaler Asset Management, Inc. filed an amended Schedule 13G/A on February 12, 2024, indicating their ownership of F.N.B. Corporation's common stock as of December 31, 2023. This amendment, the third for this filing, updates their passive investment position in the bank. This matters to investors because it shows a professional asset manager maintains a significant, though passive, stake in FNB CORP/PA/, suggesting continued confidence in the company's long-term prospects.
Why It Matters
This filing confirms that a notable institutional investor, Fuller & Thaler Asset Management, Inc., continues to hold a position in F.N.B. Corporation, signaling their ongoing belief in the company's value.
Risk Assessment
Risk Level: low — This filing is an update to a passive investment, indicating no immediate change in control or strategy, thus posing low risk.
Analyst Insight
An investor should note that a professional asset manager maintains a passive stake, which could be seen as a vote of confidence, but it doesn't signal any immediate strategic changes or activist intentions.
Key Players & Entities
- Fuller & Thaler Asset Management, Inc. (company) — the reporting person and institutional investor
- F.N.B. CORPORATION (company) — the issuer of the securities
- December 31, 2023 (date) — the date of the event requiring the filing
- February 12, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- Fuller & Thaler Asset Management, Inc. will likely maintain a passive investment strategy in F.N.B. Corporation. (Fuller & Thaler Asset Management, Inc.) — high confidence, target: 2025-12-31
FAQ
What type of filing is this document and what does it signify?
This document is an SC 13G/A, which is an amendment to a Schedule 13G. It signifies that Fuller & Thaler Asset Management, Inc. is updating its previously reported beneficial ownership of F.N.B. Corporation's common stock, indicating a passive investment position.
Who is the reporting person in this filing?
The reporting person in this filing is Fuller & Thaler Asset Management, Inc., located at 411 Borel Avenue, Suite 300, San Mateo, CA 94402.
What is the subject company (issuer) of the securities mentioned in this filing?
The subject company, or issuer, of the securities is F.N.B. CORPORATION, a National Commercial Bank (SIC 6021), with its business address at One North Shore Center, 12 Federal St., Pittsburgh, PA 15212.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the class of securities, which is Common Stock of F.N.B. CORPORATION, is 302520101.
What was the 'Date of Event which Requires Filing of this Statement'?
The 'Date of Event which Requires Filing of this Statement' was December 31, 2023, as stated on the cover page of the Schedule 13G (Amendment No. 3).
From the Filing
EDGAR Filing Documents for 0001082327-24-000021 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001082327-24-000021 Filing Date 2024-02-12 Accepted 2024-02-12 18:08:44 Documents 1 Document Format Files Seq Description Document Type Size 1 r13ga3-fnb20231231.txt SC 13G/A 5952 Complete submission text file 0001082327-24-000021.txt 7932 Mailing Address F.N.B. CORPORATION ONE NORTH SHORE CENTER, 12 FEDERAL ST. PITTSBURGH PA 15212 Business Address F.N.B. CORPORATION ONE NORTH SHORE CENTER, 12 FEDERAL ST. PITTSBURGH PA 15212 800-555-5455 FNB CORP/PA/ (Subject) CIK : 0000037808 (see all company filings) EIN. : 251255406 | State of Incorp.: PA | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-61071 | Film No.: 24621776 SIC : 6021 National Commercial Banks (CF Office: 02 Finance) Mailing Address 411 BOREL AVENUE, SUITE 300 SAN MATEO CA 94402 Business Address 411 BOREL AVENUE, SUITE 300 SAN MATEO CA 94402 6509311500 FULLER & THALER ASSET MANAGEMENT, INC. (Filed by) CIK : 0001082327 (see all company filings) EIN. : 943176968 | Fiscal Year End: 1231 Type: SC 13G/A