F.N.B. Co. (NYSE:FNB) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC cut its stake in F.N.B. Co. (NYSE:FNB) by 11.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,730 shares of the bank’s stock after selling 1,977 shares during the period. Private Advisor Group LLC’s holdings in F.N.B. were worth $218,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of FNB. Jane Street Group LLC lifted its stake in shares of F.N.B. by 780.7% in the 3rd quarter. Jane Street Group LLC now owns 357,057 shares of the bank’s stock valued at $5,038,000 after purchasing an additional 316,515 shares during the period. Oak Thistle LLC grew its holdings in shares of F.N.B. by 117.7% during the fourth quarter. Oak Thistle LLC now owns 95,737 shares of the bank’s stock worth $1,415,000 after buying an additional 51,763 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of F.N.B. by 6.6% during the third quarter. Stifel Financial Corp now owns 28,669 shares of the bank’s stock worth $405,000 after buying an additional 1,768 shares in the last quarter. Petiole USA ltd boosted its position in shares of F.N.B. by 48.1% during the 3rd quarter. Petiole USA ltd now owns 175,421 shares of the bank’s stock valued at $2,475,000 after acquiring an additional 57,000 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of F.N.B. during the 3rd quarter valued at about $447,000. 79.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling 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 shares were sold at an average price of $15.51, for a total value of $232,650.00. Following the sale, the director now directly owns 65,344 shares in the company, valued at $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 available at this hyperlink. Also, Director William B. Campbell bought 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was purchased at an average cost of $15.57 per share, with a total value of $46,710.00. Following the purchase, the director now directly owns 158,834 shares in the company, 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. 1.03% of the stock is owned by corporate insiders.

F.N.B. Price Performance

Shares of NYSE FNB opened at $13.76 on Friday. 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 stock has a fifty day moving average price of $15.14 and a 200 day moving average price of $15.06. F.N.B. Co. has a 1-year low of $12.49 and a 1-year high of $17.70. The company has a market cap of $4.95 billion, a PE ratio of 10.92, a P/E/G ratio of 3.60 and a beta of 1.01.

F.N.B. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date is Monday, March 3rd. F.N.B.’s dividend payout ratio (DPR) is currently 38.10%.

Analyst Upgrades and Downgrades

FNB has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods upped their target price on shares of F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. DA Davidson upped their target price on shares of F.N.B. from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Wells Fargo & Company cut their target price on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Piper Sandler dropped their price target on shares of 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, Raymond James raised their target price on shares of F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

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.