Farther Finance Advisors LLC Lowers Stock Position in F.N.B. Co. (NYSE:FNB)

Farther Finance Advisors LLC lessened its holdings in F.N.B. Co. (NYSE:FNB) by 14.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,991 shares of the bank’s stock after selling 2,486 shares during the quarter. Farther Finance Advisors LLC’s holdings in F.N.B. were worth $222,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. AlphaQuest LLC boosted its holdings in F.N.B. by 3,589.8% in the 4th quarter. AlphaQuest LLC now owns 1,808 shares of the bank’s stock valued at $27,000 after purchasing an additional 1,759 shares in the last quarter. Brooklyn Investment Group purchased a new stake in F.N.B. in the 3rd quarter valued at approximately $31,000. Versant Capital Management Inc boosted its holdings in F.N.B. by 100.9% in the 4th quarter. Versant Capital Management Inc now owns 4,011 shares of the bank’s stock valued at $59,000 after purchasing an additional 2,014 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in F.N.B. by 31.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank’s stock valued at $65,000 after purchasing an additional 1,100 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in F.N.B. in the 4th quarter valued at approximately $69,000. Hedge funds and other institutional investors own 79.25% of the company’s stock.

Insider Buying and Selling at F.N.B.

In other news, Director David L. Motley sold 15,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $15.51, for a total transaction of $232,650.00. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William B. Campbell acquired 3,000 shares of the stock in a transaction dated Wednesday, February 5th. The shares were bought at an average cost of $15.57 per share, with a total value of $46,710.00. Following the completion of the purchase, the director now directly owns 158,834 shares in the company, valued at approximately $2,473,045.38. This trade represents a 1.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.03% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on FNB. Piper Sandler reduced their price target on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Raymond James lifted their price target 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. DA Davidson lifted their price target on shares of F.N.B. from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Wells Fargo & Company reduced their price target on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods lifted their price objective on F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, F.N.B. has a consensus rating of “Moderate Buy” and an average target price of $18.50.

F.N.B. Trading Up 0.8 %

Shares of F.N.B. stock opened at $13.72 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.94 and a quick ratio of 0.94. 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 capitalization of $4.93 billion, a P/E ratio of 10.89, a P/E/G ratio of 3.60 and a beta of 0.98. The business has a 50 day moving average price of $14.88 and a 200 day moving average price of $14.99.

F.N.B. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were issued a $0.12 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.48 annualized dividend and a yield of 3.50%. F.N.B.’s dividend payout ratio (DPR) is presently 38.10%.

F.N.B. Profile

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.