Fort Washington Investment Advisors Inc. OH Sells 55,290 Shares of F.N.B. Co. (NYSE:FNB)

Fort Washington Investment Advisors Inc. OH lessened its holdings in shares of F.N.B. Co. (NYSE:FNB) by 5.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,019,770 shares of the bank’s stock after selling 55,290 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in F.N.B. were worth $15,072,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC raised its holdings in shares of F.N.B. by 0.4% during the 3rd quarter. CWM LLC now owns 379,995 shares of the bank’s stock valued at $5,362,000 after purchasing an additional 1,527 shares in the last quarter. Jane Street Group LLC raised its holdings in F.N.B. by 780.7% during the third quarter. Jane Street Group LLC now owns 357,057 shares of the bank’s stock valued at $5,038,000 after buying an additional 316,515 shares in the last quarter. Oak Thistle LLC lifted its position in shares of F.N.B. by 117.7% in the fourth quarter. Oak Thistle LLC now owns 95,737 shares of the bank’s stock worth $1,415,000 after buying an additional 51,763 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of F.N.B. by 6.6% during the 3rd quarter. Stifel Financial Corp now owns 28,669 shares of the bank’s stock worth $405,000 after acquiring an additional 1,768 shares in the last quarter. Finally, Petiole USA ltd increased its holdings in shares of F.N.B. by 48.1% during the 3rd quarter. Petiole USA ltd now owns 175,421 shares of the bank’s stock valued at $2,475,000 after acquiring an additional 57,000 shares during the last quarter. 79.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FNB has been the subject of several analyst reports. Raymond James boosted their target price on F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Stephens upped their price objective on shares of F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Wells Fargo & Company dropped their target price on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. StockNews.com raised shares of F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. 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 note on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, F.N.B. currently has an average rating of “Moderate Buy” and an average target price of $18.00.

Insider Buying and Selling

In other F.N.B. 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 stock was sold at an average price of $16.50, for a total value of $2,062,500.00. Following the completion of the sale, the chief executive officer now owns 1,652,229 shares in the company, valued at approximately $27,261,778.50. This trade represents a 7.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.22% of the stock is owned by company insiders.

F.N.B. Price Performance

Shares of F.N.B. stock opened at $15.56 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.92. The company has a market cap of $5.60 billion, a PE ratio of 14.28, a price-to-earnings-growth ratio of 4.82 and a beta of 1.01. The firm has a fifty day moving average price of $15.70 and a two-hundred day moving average price of $14.88. F.N.B. Co. has a fifty-two week low of $12.49 and a fifty-two week high of $17.70.

F.N.B. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Monday, December 2nd were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.08%. The ex-dividend date was Monday, December 2nd. F.N.B.’s payout ratio is presently 44.04%.

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.