GHP Investment Advisors Inc. Purchases 1,278 Shares of F.N.B. Co. (NYSE:FNB)

GHP Investment Advisors Inc. grew its holdings in shares of F.N.B. Co. (NYSE:FNB) by 1.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 103,496 shares of the bank’s stock after purchasing an additional 1,278 shares during the period. GHP Investment Advisors Inc.’s holdings in F.N.B. were worth $1,530,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FNB. Kathleen S. Wright Associates Inc. acquired a new stake in F.N.B. during the 3rd quarter worth about $28,000. Brooklyn Investment Group bought a new stake in F.N.B. during the 3rd quarter valued at $31,000. Richardson Financial Services Inc. increased its position in shares of F.N.B. by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock worth $41,000 after acquiring an additional 1,473 shares in the last quarter. UMB Bank n.a. raised its stake in shares of F.N.B. by 82.3% in the third quarter. UMB Bank n.a. now owns 3,687 shares of the bank’s stock worth $52,000 after purchasing an additional 1,665 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in F.N.B. by 100.9% during the 4th quarter. Versant Capital Management Inc now owns 4,011 shares of the bank’s stock valued at $59,000 after acquiring an additional 2,014 shares in the last quarter. 79.25% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at F.N.B.

In related news, CEO Vincent J. Delie, Jr. sold 125,000 shares of F.N.B. stock in a transaction dated 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William B. Campbell bought 3,000 shares of F.N.B. stock in a transaction dated Wednesday, February 5th. The stock was purchased at an average cost of $15.57 per share, for a total transaction of $46,710.00. Following the purchase, the director now owns 158,834 shares of the company’s stock, valued at approximately $2,473,045.38. This trade represents a 1.93 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. DA Davidson raised their target price on F.N.B. from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Stephens raised their price target on shares of F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Keefe, Bruyette & Woods raised their price objective on shares of F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler decreased 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 research report on Thursday, January 23rd. Finally, Wells Fargo & Company cut 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. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, F.N.B. currently has a consensus rating of “Moderate Buy” and an average target price of $18.50.

F.N.B. Stock Down 1.4 %

FNB opened at $15.72 on Friday. The company has a market capitalization of $5.65 billion, a PE ratio of 12.48, a PEG ratio of 3.74 and a beta of 1.01. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48. The firm’s 50 day simple moving average is $15.41 and its two-hundred day simple moving average is $14.98. F.N.B. Co. has a 1-year low of $12.49 and a 1-year high of $17.70.

F.N.B. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Monday, March 3rd. 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.