F.N.B. Co. (NYSE:FNB) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its position in F.N.B. Co. (NYSE:FNB) by 4.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 246,585 shares of the bank’s stock after selling 10,151 shares during the period. New York State Teachers Retirement System owned 0.07% of F.N.B. worth $3,645,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of FNB. Creative Planning grew its stake in F.N.B. by 3.0% in the third quarter. Creative Planning now owns 60,731 shares of the bank’s stock worth $857,000 after purchasing an additional 1,757 shares in the last quarter. Blue Trust Inc. grew its stake in F.N.B. by 39.5% in the third quarter. Blue Trust Inc. now owns 12,616 shares of the bank’s stock worth $173,000 after purchasing an additional 3,574 shares in the last quarter. Signaturefd LLC grew its stake in F.N.B. by 16.7% in the third quarter. Signaturefd LLC now owns 5,592 shares of the bank’s stock worth $79,000 after purchasing an additional 799 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in F.N.B. in the third quarter worth about $2,223,000. Finally, Dakota Wealth Management acquired a new position in F.N.B. in the third quarter worth about $157,000. 79.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at F.N.B.

In related news, Director David L. Motley sold 15,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Vincent J. Delie, Jr. sold 125,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 1,652,229 shares in the company, valued at approximately $27,261,778.50. The trade was a 7.03 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on FNB shares. Keefe, Bruyette & Woods lifted their target price on 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. DA Davidson lifted their target price on F.N.B. from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Wells Fargo & Company decreased 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 decreased 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 Thursday, January 23rd. Finally, Raymond James lifted their target price on F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.50.

F.N.B. Stock Performance

Shares of NYSE FNB opened at $14.78 on Friday. 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 stock has a 50 day simple moving average of $15.21 and a 200-day simple moving average of $15.01. The company has a market cap of $5.31 billion, a PE ratio of 11.73, a P/E/G ratio of 3.70 and a beta of 1.01. F.N.B. Co. has a 12-month low of $12.49 and a 12-month high of $17.70.

F.N.B. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be given 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 dividend yield of 3.25%. F.N.B.’s dividend payout ratio 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.