F.N.B. Co. (NYSE:FNB) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp grew its holdings in shares of F.N.B. Co. (NYSE:FNB) by 6.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,669 shares of the bank’s stock after purchasing an additional 1,768 shares during the period. Stifel Financial Corp’s holdings in F.N.B. were worth $405,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Kathleen S. Wright Associates Inc. acquired a new stake in F.N.B. during the third quarter worth about $28,000. Brooklyn Investment Group bought a new position in shares of F.N.B. during the third quarter valued at approximately $31,000. Richardson Financial Services Inc. raised its position in shares of F.N.B. by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock worth $41,000 after purchasing an additional 1,473 shares during the period. UMB Bank n.a. boosted its position in F.N.B. by 82.3% during the 3rd quarter. UMB Bank n.a. now owns 3,687 shares of the bank’s stock valued at $52,000 after purchasing an additional 1,665 shares during the period. Finally, Quarry LP acquired a new position in F.N.B. during the 3rd quarter valued at approximately $73,000. 79.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Piper Sandler reissued an “overweight” rating on shares of F.N.B. in a research note on Friday, October 18th. Raymond James raised 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 note on Thursday, November 21st. Wells Fargo & Company lifted their price target on F.N.B. from $16.00 to $19.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Finally, Stephens increased their price objective on F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.67.

F.N.B. Trading Down 1.4 %

Shares of NYSE:FNB opened at $14.74 on Friday. F.N.B. Co. has a twelve month low of $12.49 and a twelve month high of $17.70. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. The firm has a market cap of $5.30 billion, a P/E ratio of 13.52 and a beta of 0.99. The company has a 50 day moving average of $15.75 and a 200-day moving average of $14.65.

F.N.B. (NYSE:FNB) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). F.N.B. had a net margin of 16.29% and a return on equity of 8.49%. The firm had revenue of $413.02 million for the quarter, compared to the consensus estimate of $409.80 million. As a group, analysts anticipate that F.N.B. Co. will post 1.34 earnings per share for the current fiscal year.

F.N.B. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend was Monday, December 2nd. F.N.B.’s dividend payout ratio (DPR) is presently 44.04%.

Insider Buying and Selling at F.N.B.

In other F.N.B. news, CEO Vincent J. Delie, Jr. sold 125,000 shares of F.N.B. stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $16.50, for a total value of $2,062,500.00. Following the transaction, the chief executive officer now owns 1,652,229 shares in the company, valued at approximately $27,261,778.50. The trade was a 7.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.03% of the stock is owned by corporate insiders.

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.