Tradewinds LLC. Has $1.40 Million Position in F.N.B. Co. (NYSE:FNB)

Tradewinds LLC. cut its holdings in F.N.B. Co. (NYSE:FNB) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 89,609 shares of the bank’s stock after selling 4,246 shares during the quarter. Tradewinds LLC.’s holdings in F.N.B. were worth $1,404,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FNB. PL Capital Advisors LLC acquired a new stake in shares of F.N.B. in the fourth quarter worth about $308,616,000. Norges Bank bought a new position in shares of F.N.B. in the 4th quarter valued at approximately $50,205,000. Raymond James Financial Inc. bought a new position in shares of F.N.B. in the 4th quarter valued at approximately $15,801,000. Point72 Asset Management L.P. acquired a new stake in F.N.B. in the 3rd quarter worth approximately $14,190,000. Finally, Assenagon Asset Management S.A. grew its holdings 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. 79.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FNB has been the subject of a number of analyst reports. Piper Sandler reduced their price objective on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods boosted their target price on shares of 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 cut 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 Monday, January 6th. Finally, DA Davidson lifted their price objective on F.N.B. from $19.00 to $20.00 and gave the stock a “buy” rating in a research note 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 company’s stock. Based on data from MarketBeat.com, F.N.B. currently has an average rating of “Moderate Buy” and a consensus target price of $18.50.

Insider Buying and Selling at F.N.B.

In related news, Director David L. Motley sold 15,000 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $1,013,485.44. This represents a 18.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William B. Campbell bought 3,000 shares of F.N.B. 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 completion of the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.03% of the company’s stock.

F.N.B. Stock Performance

NYSE FNB opened at $13.47 on Tuesday. The company’s fifty day moving average is $14.66 and its two-hundred day moving average is $14.96. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of 10.69, a P/E/G ratio of 3.60 and a beta of 0.98. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.94 and a quick ratio of 0.94. 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 company also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.48 annualized dividend and a yield of 3.56%. F.N.B.’s dividend payout ratio is 38.10%.

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.