Trust Point Inc. Has $330,000 Stock Holdings in F.N.B. Co. (NYSE:FNB)

Trust Point Inc. boosted its position in F.N.B. Co. (NYSE:FNB) by 27.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 22,310 shares of the bank’s stock after purchasing an additional 4,854 shares during the quarter. Trust Point Inc.’s holdings in F.N.B. were worth $330,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Signaturefd LLC raised its position in F.N.B. by 16.7% in the 3rd quarter. Signaturefd LLC now owns 5,592 shares of the bank’s stock valued at $79,000 after buying an additional 799 shares during the last quarter. Hancock Whitney Corp grew its stake in F.N.B. by 0.8% in the third quarter. Hancock Whitney Corp now owns 121,945 shares of the bank’s stock valued at $1,721,000 after purchasing an additional 947 shares in the last quarter. Bill Few Associates Inc. grew its stake in F.N.B. by 1.1% in the fourth quarter. Bill Few Associates Inc. now owns 92,332 shares of the bank’s stock valued at $1,365,000 after purchasing an additional 1,023 shares in the last quarter. Bank of Montreal Can grew its stake in F.N.B. by 2.2% in the second quarter. Bank of Montreal Can now owns 47,679 shares of the bank’s stock valued at $653,000 after purchasing an additional 1,040 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its stake in F.N.B. by 31.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank’s stock valued at $65,000 after purchasing an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on FNB. 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 note on Wednesday, December 4th. Piper Sandler decreased their price target on 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. 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 note on Thursday, January 23rd. Stephens lifted their target price on F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, Raymond James lifted their target price on F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $18.50.

F.N.B. Stock Performance

Shares of NYSE FNB opened at $15.66 on Thursday. The stock has a 50 day moving average of $15.46 and a 200-day moving average of $14.97. The company has a market capitalization of $5.63 billion, a P/E ratio of 12.43, a P/E/G ratio of 3.74 and a beta of 1.01. F.N.B. Co. has a 12 month low of $12.49 and a 12 month high of $17.70. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48.

F.N.B. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be paid a $0.12 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.48 annualized dividend and a yield of 3.06%. F.N.B.’s dividend payout ratio (DPR) is presently 38.10%.

Insider Activity at F.N.B.

In related news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $16.50, for a total value 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 the SEC website. 1.22% of the stock is currently owned by corporate insiders.

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.