F.N.B. Co. (NYSE:FNB) Shares Sold by Tradewinds LLC.

Tradewinds LLC. lessened its holdings in shares of F.N.B. Co. (NYSE:FNB) by 4.5% in the fourth quarter, according to its most recent filing with the SEC. The firm 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of FNB. AlphaQuest LLC lifted its holdings in F.N.B. by 3,589.8% in the fourth quarter. AlphaQuest LLC now owns 1,808 shares of the bank’s stock worth $27,000 after purchasing an additional 1,759 shares during the period. Versant Capital Management Inc raised its position 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 in the last quarter. Sandy Spring Bank acquired a new stake in shares of F.N.B. in the 4th quarter worth approximately $67,000. Nomura Asset Management Co. Ltd. boosted its holdings in shares of 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 acquiring an additional 1,100 shares in the last quarter. Finally, R Squared Ltd acquired a new position in shares of F.N.B. during the fourth quarter valued at approximately $69,000. Institutional investors own 79.25% of the company’s stock.

F.N.B. Trading Up 0.4 %

Shares of NYSE FNB opened at $13.47 on Tuesday. The business has a fifty day simple moving average of $14.66 and a 200-day simple moving average of $14.96. The company has a market cap 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. F.N.B. Co. has a 12 month low of $12.49 and a 12 month high of $17.70. 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. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend was Monday, March 3rd. F.N.B.’s payout ratio is 38.10%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FNB. Keefe, Bruyette & Woods upped their target price on 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 price objective on F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, January 6th. DA Davidson lifted their target price on F.N.B. from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Finally, Piper Sandler cut 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 investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.50.

Insiders Place Their Bets

In related news, Director David L. Motley sold 15,000 shares of the firm’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 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 approximately $1,013,485.44. This trade represents a 18.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William B. Campbell bought 3,000 shares of F.N.B. stock in a transaction dated Wednesday, February 5th. The stock was acquired at an average price of $15.57 per share, with a total value of $46,710.00. Following the acquisition, the director now directly owns 158,834 shares of the company’s stock, valued at approximately $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.

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.