F.N.B. Co. (NYSE:FNB) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its stake in F.N.B. Co. (NYSE:FNB) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 126,053 shares of the bank’s stock after selling 5,606 shares during the period. Yousif Capital Management LLC’s holdings in F.N.B. were worth $1,863,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of FNB. Point72 Asset Management L.P. purchased a new stake in shares of F.N.B. during the third quarter valued at approximately $14,190,000. Assenagon Asset Management S.A. increased its stake in F.N.B. by 490.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 929,683 shares of the bank’s stock valued at $13,741,000 after purchasing an additional 772,134 shares during the last quarter. Jane Street Group LLC grew its position in shares of F.N.B. by 780.7% during the third quarter. Jane Street Group LLC now owns 357,057 shares of the bank’s stock worth $5,038,000 after acquiring an additional 316,515 shares during the last quarter. State Street Corp grew its position in shares of F.N.B. by 1.9% during the third quarter. State Street Corp now owns 15,185,397 shares of the bank’s stock worth $214,266,000 after acquiring an additional 278,825 shares during the last quarter. Finally, KBC Group NV grew its position in shares of F.N.B. by 1,164.9% during the fourth quarter. KBC Group NV now owns 286,765 shares of the bank’s stock worth $4,238,000 after acquiring an additional 264,094 shares during the last quarter. 79.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wells Fargo & Company lowered their price target on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Piper Sandler decreased their target price on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. StockNews.com upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Raymond James upped their price target on shares of F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Finally, Stephens upped their price target on shares of F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

Insider Buying and Selling

In related news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the firm’s 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 directly owns 1,652,229 shares of the company’s stock, valued at $27,261,778.50. This trade represents a 7.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William B. Campbell acquired 3,000 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were bought at an average cost of $15.57 per share, with a total value of $46,710.00. Following the completion of the acquisition, the director now owns 158,834 shares of the company’s stock, valued at approximately $2,473,045.38. This trade represents a 1.93 % increase in their position. The disclosure for this purchase can be found here. 1.03% of the stock is currently owned by corporate insiders.

F.N.B. Price Performance

NYSE FNB opened at $15.77 on Wednesday. The company has a 50 day simple moving average of $15.36 and a 200-day simple moving average of $14.98. 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 firm has a market capitalization of $5.67 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 3.80 and a beta of 1.01. F.N.B. Co. has a 52-week low of $12.49 and a 52-week 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. Investors of record on Monday, March 3rd will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.48 dividend on an annualized basis and a yield of 3.04%. F.N.B.’s dividend payout ratio is currently 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.