HighTower Advisors LLC Sells 61,405 Shares of F.N.B. Co. (NYSE:FNB)

HighTower Advisors LLC trimmed its holdings in F.N.B. Co. (NYSE:FNB) by 9.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 616,644 shares of the bank’s stock after selling 61,405 shares during the quarter. HighTower Advisors LLC’s holdings in F.N.B. were worth $9,114,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. AlphaQuest LLC boosted its holdings in shares of F.N.B. by 3,589.8% during the 4th quarter. AlphaQuest LLC now owns 1,808 shares of the bank’s stock worth $27,000 after buying an additional 1,759 shares during the period. Brooklyn Investment Group bought a new stake in shares of F.N.B. during the 3rd quarter worth $31,000. Versant Capital Management Inc boosted its holdings in shares of F.N.B. by 100.9% during the 4th quarter. Versant Capital Management Inc now owns 4,011 shares of the bank’s stock worth $59,000 after buying an additional 2,014 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in shares of F.N.B. by 31.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank’s stock worth $65,000 after buying an additional 1,100 shares during the period. Finally, R Squared Ltd bought a new stake in shares of F.N.B. during the 4th quarter worth $69,000. 79.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

FNB has been the subject of several recent analyst reports. DA Davidson upped their price objective on shares of F.N.B. from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Wells Fargo & Company decreased 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 report on Monday, January 6th. Keefe, Bruyette & Woods increased 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 report on Wednesday, December 4th. Raymond James increased their price target on shares of F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Finally, Piper Sandler 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 report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $18.50.

F.N.B. Trading Up 1.2 %

Shares of FNB stock opened at $13.63 on Tuesday. F.N.B. Co. has a 52-week low of $12.49 and a 52-week high of $17.70. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of 10.81, 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 quick ratio of 0.94 and a current ratio of 0.94. The firm has a fifty day moving average of $14.92 and a 200-day moving average of $15.01.

F.N.B. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend was Monday, March 3rd. F.N.B.’s dividend payout ratio is 38.10%.

Insider Activity

In related news, Director David L. Motley sold 15,000 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $15.51, for a total transaction of $232,650.00. Following the completion of the sale, the director now owns 65,344 shares in the company, valued at $1,013,485.44. This trade represents a 18.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William B. Campbell bought 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average price of $15.57 per share, with a total value of $46,710.00. Following the transaction, the director now directly owns 158,834 shares in the company, valued at $2,473,045.38. This represents a 1.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.03% 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.