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

New York State Common Retirement Fund decreased its position in F.N.B. Co. (NYSE:FNB) by 5.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 248,343 shares of the bank’s stock after selling 14,500 shares during the quarter. New York State Common Retirement Fund owned 0.07% of F.N.B. worth $3,671,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Sanctuary Advisors LLC grew its position in shares of F.N.B. by 12.2% in the 4th quarter. Sanctuary Advisors LLC now owns 26,752 shares of the bank’s stock worth $423,000 after acquiring an additional 2,901 shares in the last quarter. Stieven Capital Advisors L.P. lifted its holdings in shares of F.N.B. by 8.0% in the 4th quarter. Stieven Capital Advisors L.P. now owns 823,591 shares of the bank’s stock worth $12,173,000 after purchasing an additional 60,900 shares during the last quarter. Congress Asset Management Co. lifted its holdings in shares of F.N.B. by 4.7% in the 4th quarter. Congress Asset Management Co. now owns 168,344 shares of the bank’s stock worth $2,488,000 after purchasing an additional 7,570 shares during the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of F.N.B. in the 4th quarter worth approximately $863,000. Finally, Savant Capital LLC lifted its holdings in shares of F.N.B. by 1.4% in the 4th quarter. Savant Capital LLC now owns 52,065 shares of the bank’s stock worth $770,000 after purchasing an additional 708 shares during the last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.

F.N.B. Stock Up 1.2 %

Shares of F.N.B. stock opened at $14.83 on Friday. The business’s fifty day moving average price is $15.18 and its two-hundred day moving average price is $15.05. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $5.33 billion, a P/E ratio of 11.77, a PEG ratio of 3.60 and a beta of 1.01. F.N.B. Co. has a 1-year low of $12.49 and a 1-year high of $17.70.

F.N.B. Announces Dividend

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 paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend is Monday, March 3rd. F.N.B.’s dividend payout ratio is presently 38.10%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Raymond James raised their price target on F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Wells Fargo & Company cut 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. DA Davidson raised their price target on F.N.B. from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Piper Sandler cut 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. Finally, 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. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $18.50.

Insider Transactions at F.N.B.

In other news, Director David L. Motley sold 15,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $15.51, for a total value of $232,650.00. Following the sale, the director now owns 65,344 shares of the company’s stock, valued at approximately $1,013,485.44. The trade was a 18.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Vincent J. Delie, Jr. sold 125,000 shares of F.N.B. stock in a transaction 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.03% 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.