Truist Financial Corp Sells 2,727 Shares of F.N.B. Co. (NYSE:FNB)

Truist Financial Corp decreased its position in F.N.B. Co. (NYSE:FNB) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 101,971 shares of the bank’s stock after selling 2,727 shares during the period. Truist Financial Corp’s holdings in F.N.B. were worth $1,507,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Creative Planning lifted its holdings in shares of F.N.B. by 3.0% during the 3rd quarter. Creative Planning now owns 60,731 shares of the bank’s stock valued at $857,000 after purchasing an additional 1,757 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in F.N.B. during the 3rd quarter valued at approximately $2,223,000. State of Alaska Department of Revenue lifted its position in F.N.B. by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 41,581 shares of the bank’s stock valued at $586,000 after purchasing an additional 2,830 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of F.N.B. by 15.5% in the third quarter. Nisa Investment Advisors LLC now owns 142,340 shares of the bank’s stock worth $2,008,000 after buying an additional 19,100 shares during the last quarter. Finally, Ceredex Value Advisors LLC grew its stake in shares of F.N.B. by 13.9% during the 3rd quarter. Ceredex Value Advisors LLC now owns 964,974 shares of the bank’s stock worth $13,616,000 after purchasing an additional 118,100 shares during the period. 79.25% of the stock is currently owned by hedge funds and other institutional investors.

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 dated Wednesday, February 19th. The stock was sold at an average price of $15.51, for a total value of $232,650.00. Following the transaction, the director now owns 65,344 shares in the company, valued at approximately $1,013,485.44. The trade was a 18.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William B. Campbell purchased 3,000 shares of F.N.B. stock in a transaction that occurred on Wednesday, February 5th. The stock was acquired at an average cost of $15.57 per share, with a total value of $46,710.00. Following the acquisition, the director now directly owns 158,834 shares of the company’s stock, valued at $2,473,045.38. The trade was a 1.93 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. DA Davidson lifted their price target on shares of 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 reduced their price target on F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Keefe, Bruyette & Woods increased their price objective on F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Raymond James boosted 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. Finally, Piper Sandler decreased their target price 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. 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 has a consensus rating of “Moderate Buy” and a consensus price target of $18.50.

F.N.B. Stock Up 0.8 %

FNB opened at $14.66 on Friday. 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 firm has a market cap of $5.27 billion, a P/E ratio of 11.63, a PEG ratio of 3.60 and a beta of 1.01. The business’s fifty day simple moving average is $15.17 and its 200 day simple moving average is $15.04. F.N.B. Co. has a 52 week low of $12.49 and a 52 week high of $17.70.

F.N.B. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.28%. F.N.B.’s payout ratio is 38.10%.

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.