F.N.B. Co. (NYSE:FNB) Shares Sold by Stephens Inc. AR

Stephens Inc. AR lessened its holdings in shares of F.N.B. Co. (NYSE:FNB) by 3.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 82,976 shares of the bank’s stock after selling 2,952 shares during the quarter. Stephens Inc. AR’s holdings in F.N.B. were worth $1,226,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group purchased a new position in shares of F.N.B. in the 3rd quarter valued at $31,000. Richardson Financial Services Inc. increased its holdings in F.N.B. by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock valued at $41,000 after purchasing an additional 1,473 shares in the last quarter. Versant Capital Management Inc raised its position in F.N.B. by 100.9% in the fourth 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 during the period. Nomura Asset Management Co. Ltd. lifted its stake in shares of F.N.B. by 31.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank’s stock worth $65,000 after purchasing an additional 1,100 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of F.N.B. in the fourth quarter worth about $69,000. Institutional investors and hedge funds own 79.25% of the company’s stock.

F.N.B. Stock Down 2.9 %

Shares of F.N.B. stock opened at $15.32 on Thursday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.48. The business has a 50-day moving average price of $15.34 and a 200 day moving average price of $14.99. F.N.B. Co. has a fifty-two week low of $12.49 and a fifty-two week high of $17.70. The firm has a market cap of $5.51 billion, a P/E ratio of 12.16, a P/E/G ratio of 3.80 and a beta of 1.01.

F.N.B. Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.48 annualized dividend and a yield of 3.13%. F.N.B.’s dividend payout ratio (DPR) is 38.10%.

Wall Street Analysts Forecast Growth

FNB has been the subject of a number of recent analyst reports. DA Davidson raised their price target on shares of F.N.B. from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Wells Fargo & Company lowered their target price on F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Piper Sandler cut their price target on F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods increased their price target on F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, Raymond James lifted their price objective on F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.50.

Insiders Place Their Bets

In related news, Director William B. Campbell bought 3,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were purchased at an average cost of $15.57 per share, with a total value of $46,710.00. Following the completion of the transaction, the director now directly owns 158,834 shares of the company’s stock, valued at approximately $2,473,045.38. This represents a 1.93 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Vincent J. Delie, Jr. sold 125,000 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $16.50, for a total transaction of $2,062,500.00. Following the transaction, the chief executive officer now directly owns 1,652,229 shares of the company’s stock, valued at approximately $27,261,778.50. This trade represents a 7.03 % decrease in their position. The disclosure for this sale can be found here. 1.03% of the stock is currently owned by corporate insiders.

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.