David L. Motley Sells 15,000 Shares of F.N.B. Co. (NYSE:FNB) Stock

F.N.B. Co. (NYSE:FNB) Director David L. Motley sold 15,000 shares of F.N.B. stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $15.51, for a total transaction of $232,650.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

F.N.B. Stock Performance

F.N.B. stock traded down $0.34 during mid-day trading on Thursday, reaching $15.17. 637,765 shares of the company traded hands, compared to its average volume of 2,450,896. 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 fifty-two week low of $12.49 and a fifty-two week high of $17.70. The company has a market capitalization of $5.45 billion, a price-to-earnings ratio of 12.04, a price-to-earnings-growth ratio of 3.72 and a beta of 1.01. The firm’s fifty day moving average is $15.25 and its two-hundred day moving average is $15.00.

F.N.B. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.12 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.48 dividend on an annualized basis and a yield of 3.17%. F.N.B.’s payout ratio is 38.10%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on FNB shares. Keefe, Bruyette & Woods boosted 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. DA Davidson boosted their price objective 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. Raymond James boosted their price objective 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. Wells Fargo & Company reduced their price objective on shares of 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. Finally, Piper Sandler reduced their price objective on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. GTS Securities LLC acquired a new position in F.N.B. during the 4th quarter valued at approximately $237,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in F.N.B. by 12.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 990,569 shares of the bank’s stock worth $14,641,000 after acquiring an additional 107,564 shares during the period. Voloridge Investment Management LLC acquired a new position in F.N.B. during the fourth quarter worth $1,207,000. Squarepoint Ops LLC raised its position in shares of F.N.B. by 411.4% in the fourth quarter. Squarepoint Ops LLC now owns 495,373 shares of the bank’s stock valued at $7,322,000 after buying an additional 398,501 shares during the last quarter. Finally, Twinbeech Capital LP acquired a new stake in shares of F.N.B. in the fourth quarter valued at about $164,000. Institutional investors and hedge funds own 79.25% of the company’s stock.

F.N.B. Company 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.