F.N.B. Co. (NYSE:FNB) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lowered its position in shares of F.N.B. Co. (NYSE:FNB) by 56.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,991 shares of the bank’s stock after selling 30,347 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in F.N.B. were worth $340,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Wealthspire Advisors LLC raised its holdings in shares of F.N.B. by 6.8% during the fourth quarter. Wealthspire Advisors LLC now owns 19,400 shares of the bank’s stock valued at $287,000 after acquiring an additional 1,230 shares during the last quarter. Good Life Advisors LLC acquired a new position in shares of F.N.B. during the fourth quarter valued at approximately $156,000. Sanctuary Advisors LLC raised its holdings in shares of F.N.B. by 12.2% during the fourth quarter. Sanctuary Advisors LLC now owns 26,752 shares of the bank’s stock valued at $423,000 after acquiring an additional 2,901 shares during the last quarter. Stieven Capital Advisors L.P. raised its holdings in shares of F.N.B. by 8.0% during the fourth quarter. Stieven Capital Advisors L.P. now owns 823,591 shares of the bank’s stock valued at $12,173,000 after acquiring an additional 60,900 shares during the last quarter. Finally, Congress Asset Management Co. raised its holdings in shares of F.N.B. by 4.7% during the fourth quarter. Congress Asset Management Co. now owns 168,344 shares of the bank’s stock valued at $2,488,000 after acquiring an additional 7,570 shares during the last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.

Insider Buying and Selling

In related news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the 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 completion of the transaction, the chief executive officer now directly owns 1,652,229 shares in the company, valued at approximately $27,261,778.50. This represents a 7.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David L. Motley sold 15,000 shares of the stock in a transaction that occurred 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 completion of the transaction, 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 disclosure for this sale can be found here. 1.03% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on FNB. Piper Sandler cut their price target on F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Wells Fargo & Company cut their price target on F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Raymond James increased their price target on F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods increased their price target on F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, DA Davidson increased their price target on F.N.B. from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Two investment 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 target price of $18.50.

F.N.B. Trading Down 2.4 %

Shares of F.N.B. stock opened at $14.49 on Tuesday. The firm has a market capitalization of $5.21 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 3.60 and a beta of 1.01. F.N.B. Co. has a fifty-two week low of $12.49 and a fifty-two week high of $17.70. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a 50 day moving average of $15.18 and a 200 day moving average of $15.07.

F.N.B. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be given a $0.12 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.48 annualized dividend and a yield of 3.31%. F.N.B.’s payout ratio is 38.10%.

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.