Insider Selling: F.N.B. Co. (NYSE:FNB) Director Sells 15,000 Shares of Stock

F.N.B. Co. (NYSE:FNB) Director David L. Motley sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $15.51, for a total transaction of $232,650.00. Following the transaction, the director now directly owns 65,344 shares of the company’s stock, valued at approximately $1,013,485.44. This represents a 18.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

F.N.B. Stock Performance

NYSE:FNB opened at $15.17 on Friday. F.N.B. Co. has a 1-year low of $12.49 and a 1-year high of $17.70. 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 business has a 50 day moving average of $15.23 and a 200 day moving average of $15.00. The company has a market capitalization of $5.45 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 3.70 and a beta of 1.01.

F.N.B. Announces Dividend

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 issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Monday, March 3rd. F.N.B.’s dividend payout ratio is currently 38.10%.

Analysts Set New Price Targets

FNB has been the topic of several research analyst reports. Raymond James upped their price target on shares of F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. 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 report on Thursday, January 23rd. Wells Fargo & Company cut their price objective 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. Keefe, Bruyette & Woods raised 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 note on Wednesday, December 4th. Finally, Piper Sandler dropped 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $18.50.

Hedge Funds Weigh In On F.N.B.

Large investors have recently added to or reduced their stakes in the business. Forum Financial Management LP lifted its stake in shares of F.N.B. by 5.9% in the 4th quarter. Forum Financial Management LP now owns 13,258 shares of the bank’s stock valued at $196,000 after acquiring an additional 744 shares during the last quarter. GTS Securities LLC purchased a new position in F.N.B. in the 4th quarter worth approximately $237,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in F.N.B. by 12.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 990,569 shares of the bank’s stock valued at $14,641,000 after purchasing an additional 107,564 shares during the last quarter. Voloridge Investment Management LLC purchased a new stake in shares of F.N.B. during the fourth quarter valued at approximately $1,207,000. Finally, Squarepoint Ops LLC grew its holdings in shares of F.N.B. by 411.4% in the fourth quarter. Squarepoint Ops LLC now owns 495,373 shares of the bank’s stock worth $7,322,000 after purchasing an additional 398,501 shares during the last quarter. Hedge funds and other institutional investors own 79.25% of the company’s stock.

F.N.B. Company 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.