12,001 Shares in F.N.B. Co. (NYSE:FNB) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in shares of F.N.B. Co. (NYSE:FNB) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,001 shares of the bank’s stock, valued at approximately $177,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. PL Capital Advisors LLC bought a new stake in F.N.B. during the 4th quarter valued at $308,616,000. State Street Corp raised its position in F.N.B. by 1.9% during the 3rd quarter. State Street Corp now owns 15,185,397 shares of the bank’s stock valued at $214,266,000 after purchasing an additional 278,825 shares in the last quarter. Principal Financial Group Inc. raised its position in F.N.B. by 2.6% during the 3rd quarter. Principal Financial Group Inc. now owns 4,952,429 shares of the bank’s stock valued at $69,879,000 after purchasing an additional 127,516 shares in the last quarter. Thrivent Financial for Lutherans raised its position in F.N.B. by 2.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 4,818,228 shares of the bank’s stock valued at $67,986,000 after purchasing an additional 130,972 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in F.N.B. by 6.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,888,563 shares of the bank’s stock valued at $54,868,000 after purchasing an additional 218,511 shares in the last quarter. 79.25% of the stock is owned by institutional investors.

Insider Buying and Selling

In other F.N.B. news, Director William B. Campbell purchased 3,000 shares of F.N.B. stock in a transaction that occurred on Wednesday, February 5th. The stock was bought at an average price of $15.57 per share, with a total value of $46,710.00. Following the acquisition, the director now owns 158,834 shares of the company’s stock, valued at $2,473,045.38. This trade represents a 1.93 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director David L. Motley sold 15,000 shares of the company’s stock in a transaction dated 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 directly 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 owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Raymond James lifted their target price 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. Keefe, Bruyette & Woods lifted 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. 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 lifted 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. Finally, Piper Sandler 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 Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.50.

F.N.B. Stock Up 1.4 %

Shares of FNB stock opened at $13.26 on Thursday. F.N.B. Co. has a 1-year low of $12.49 and a 1-year high of $17.70. The stock’s fifty day moving average price is $15.00 and its 200 day moving average price is $15.03. 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 cap of $4.77 billion, a price-to-earnings ratio of 10.52, a price-to-earnings-growth ratio of 3.60 and a beta of 0.98.

F.N.B. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be paid a dividend of $0.12 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.48 annualized dividend and a yield of 3.62%. F.N.B.’s dividend payout ratio (DPR) 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.