F.N.B. Co. (NYSE:FNB) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC cut its position in F.N.B. Co. (NYSE:FNB) by 40.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,851 shares of the bank’s stock after selling 16,390 shares during the period. Sanctuary Advisors LLC’s holdings in F.N.B. were worth $337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in FNB. Dimensional Fund Advisors LP grew its holdings in shares of F.N.B. by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank’s stock worth $303,361,000 after purchasing an additional 647,335 shares during the period. State Street Corp boosted its stake in shares of F.N.B. by 1.9% in the 3rd quarter. State Street Corp now owns 15,185,397 shares of the bank’s stock valued at $214,266,000 after buying an additional 278,825 shares during the period. Principal Financial Group Inc. increased its stake in shares of F.N.B. by 2.6% during the third quarter. Principal Financial Group Inc. now owns 4,952,429 shares of the bank’s stock worth $69,879,000 after buying an additional 127,516 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of F.N.B. by 2.8% during the third quarter. Thrivent Financial for Lutherans now owns 4,818,228 shares of the bank’s stock worth $67,986,000 after purchasing an additional 130,972 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in F.N.B. by 6.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,888,563 shares of the bank’s stock valued at $54,868,000 after buying an additional 218,511 shares during the last quarter. 79.25% of the stock is currently owned by hedge funds and other institutional investors.

F.N.B. Stock Performance

Shares of FNB opened at $14.74 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.40. The company has a 50-day simple moving average of $15.75 and a 200-day simple moving average of $14.65. F.N.B. Co. has a 52-week low of $12.49 and a 52-week high of $17.70. The company has a market capitalization of $5.30 billion, a PE ratio of 13.52 and a beta of 0.99.

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

F.N.B. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd were given a dividend of $0.12 per share. 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 payout ratio is 44.04%.

Analyst Ratings Changes

Several brokerages have commented on FNB. Keefe, Bruyette & Woods increased their price target on shares of F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Stephens raised their price target on F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Raymond James lifted 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 note on Thursday, November 21st. Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a research report on Friday, October 18th. Finally, StockNews.com raised F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, F.N.B. has an average rating of “Moderate Buy” and an average target price of $17.67.

Insider Transactions 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 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 sale, the chief executive officer now owns 1,652,229 shares in the company, valued at $27,261,778.50. The trade was a 7.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.03% of the company’s stock.

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.