Phocas Financial Corp. Has $1.45 Million Position in F.N.B. Co. (NYSE:FNB)

Phocas Financial Corp. lowered its position in F.N.B. Co. (NYSE:FNB) by 85.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 98,165 shares of the bank’s stock after selling 557,522 shares during the quarter. F.N.B. accounts for approximately 1.1% of Phocas Financial Corp.’s investment portfolio, making the stock its 23rd largest position. Phocas Financial Corp.’s holdings in F.N.B. were worth $1,451,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Savant Capital LLC grew its stake in shares of F.N.B. by 1.4% in the fourth quarter. Savant Capital LLC now owns 52,065 shares of the bank’s stock worth $770,000 after purchasing an additional 708 shares during the last quarter. Signaturefd LLC boosted its stake in shares of 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 purchasing an additional 799 shares during the last quarter. Hancock Whitney Corp increased its position in shares of F.N.B. by 0.8% during the third quarter. Hancock Whitney Corp now owns 121,945 shares of the bank’s stock worth $1,721,000 after buying an additional 947 shares during the period. Bill Few Associates Inc. lifted its holdings 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 buying an additional 1,023 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of F.N.B. by 31.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank’s stock worth $65,000 after acquiring an additional 1,100 shares in the last quarter. 79.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Wells Fargo & Company reduced their price target 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. DA Davidson boosted their target price on shares of F.N.B. from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods raised their price target on shares of 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. Piper Sandler lowered their price objective 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. Finally, 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

F.N.B. Stock Down 0.7 %

FNB stock opened at $14.53 on Wednesday. F.N.B. Co. has a fifty-two week low of $12.49 and a fifty-two week high of $17.70. The stock has a fifty day moving average of $15.17 and a 200-day moving average of $15.05. The company has a market capitalization of $5.22 billion, a price-to-earnings ratio of 11.53, a PEG ratio of 3.60 and a beta of 1.01. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 0.94.

F.N.B. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend is Monday, March 3rd. F.N.B.’s payout ratio is currently 38.10%.

Insider Buying and Selling at F.N.B.

In other F.N.B. news, CEO Vincent J. Delie, Jr. sold 125,000 shares of F.N.B. stock in a transaction that occurred on Friday, December 6th. The shares were 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 ownership of the stock. The sale 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 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 owns 65,344 shares of the company’s stock, valued at $1,013,485.44. The trade was a 18.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.03% of the company’s stock.

F.N.B. 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.