Bank of New York Mellon Corp Has $49.10 Million Holdings in F.N.B. Co. (NYSE:FNB)

Bank of New York Mellon Corp cut its holdings in shares of F.N.B. Co. (NYSE:FNB) by 8.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,321,975 shares of the bank’s stock after selling 298,626 shares during the quarter. Bank of New York Mellon Corp owned 0.92% of F.N.B. worth $49,099,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Wealthspire Advisors LLC boosted its position in F.N.B. by 6.8% during the 4th quarter. Wealthspire Advisors LLC now owns 19,400 shares of the bank’s stock worth $287,000 after acquiring an additional 1,230 shares during the period. Good Life Advisors LLC acquired a new position in F.N.B. in the 4th quarter worth about $156,000. Sanctuary Advisors LLC increased its position in 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 purchasing an additional 2,901 shares during the last quarter. Stieven Capital Advisors L.P. increased its position in 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. Finally, Congress Asset Management Co. increased its position in 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. 79.25% of the stock is currently owned by institutional investors and hedge funds.

F.N.B. Stock Down 0.3 %

Shares of FNB opened at $13.93 on Thursday. The company has a 50-day simple moving average of $15.16 and a 200-day simple moving average of $15.07. The firm has a market capitalization of $5.01 billion, a P/E ratio of 11.05, a P/E/G ratio of 3.60 and a beta of 1.01. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 0.94. 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 business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Monday, March 3rd. F.N.B.’s dividend payout ratio is currently 38.10%.

Analyst Ratings Changes

Several research analysts have weighed in on FNB shares. Piper Sandler dropped their target price on F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods upped their target price 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. Wells Fargo & Company reduced their price target on 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. DA Davidson raised their price target on F.N.B. from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Finally, Raymond James raised their price target on F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.50.

Insider Activity at F.N.B.

In other news, Director William B. Campbell purchased 3,000 shares of F.N.B. stock in a transaction on Wednesday, February 5th. The shares were purchased at an average cost of $15.57 per share, for a total transaction of $46,710.00. Following the completion of the transaction, the director now directly owns 158,834 shares in the company, valued at approximately $2,473,045.38. This represents a 1.93 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David L. Motley sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $15.51, for a total transaction of $232,650.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. 1.03% of the stock is currently owned by insiders.

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.