Wealthspire Advisors LLC Raises Position in F.N.B. Co. (NYSE:FNB)

Wealthspire Advisors LLC raised its stake in F.N.B. Co. (NYSE:FNB) by 6.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 19,400 shares of the bank’s stock after buying an additional 1,230 shares during the quarter. Wealthspire Advisors LLC’s holdings in F.N.B. were worth $287,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Good Life Advisors LLC bought a new position in shares of F.N.B. in the fourth quarter valued at approximately $156,000. Sanctuary Advisors LLC grew its holdings in shares of F.N.B. by 12.2% in the fourth quarter. Sanctuary Advisors LLC now owns 26,752 shares of the bank’s stock valued at $423,000 after acquiring an additional 2,901 shares in the last quarter. Stieven Capital Advisors L.P. grew its holdings in F.N.B. by 8.0% during the fourth quarter. Stieven Capital Advisors L.P. now owns 823,591 shares of the bank’s stock valued at $12,173,000 after purchasing an additional 60,900 shares during the period. Congress Asset Management Co. grew its holdings in F.N.B. by 4.7% during the fourth quarter. Congress Asset Management Co. now owns 168,344 shares of the bank’s stock valued at $2,488,000 after purchasing an additional 7,570 shares during the period. Finally, Stonebridge Financial Group LLC bought a new position in F.N.B. during the fourth quarter valued at $863,000. 79.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at F.N.B.

In other F.N.B. news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $16.50, for a total transaction of $2,062,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,652,229 shares in the company, valued at $27,261,778.50. The trade was a 7.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 sale, the director now owns 65,344 shares of the company’s stock, valued at $1,013,485.44. This trade represents a 18.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.03% of the company’s stock.

F.N.B. Price Performance

Shares of NYSE FNB opened at $14.66 on Friday. The company has a 50 day moving average of $15.17 and a 200 day moving average of $15.04. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.48. F.N.B. Co. has a twelve month low of $12.49 and a twelve month high of $17.70. The firm has a market cap of $5.27 billion, a P/E ratio of 11.63, a PEG ratio of 3.60 and a beta of 1.01.

F.N.B. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend is Monday, March 3rd. F.N.B.’s dividend payout ratio (DPR) is presently 38.10%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FNB. DA Davidson increased their price objective on F.N.B. from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Wells Fargo & Company lowered their price target on F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. 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. Keefe, Bruyette & Woods raised their price target on F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, Piper Sandler lowered their price target 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $18.50.

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.