F.N.B. Co. (NYSE:FNB) Director David L. Motley Sells 15,000 Shares of Stock

F.N.B. Co. (NYSE:FNB) Director David L. Motley sold 15,000 shares of the business’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 sale, the director now owns 65,344 shares in the company, valued at approximately $1,013,485.44. This trade represents a 18.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

F.N.B. Stock Down 2.2 %

Shares of NYSE:FNB opened at $15.17 on Friday. The firm has a market cap of $5.45 billion, a P/E ratio of 12.04, a PEG ratio of 3.70 and a beta of 1.01. F.N.B. Co. has a 52-week low of $12.49 and a 52-week high of $17.70. The business’s 50 day simple moving average is $15.23 and its two-hundred day simple moving average is $15.00. 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 firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.48 annualized dividend and a yield of 3.17%. F.N.B.’s payout ratio is 38.10%.

Analyst Upgrades and Downgrades

Several research firms recently commented on FNB. 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 report on Thursday, January 23rd. Piper Sandler reduced their price objective on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods increased their price objective on F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Wells Fargo & Company cut their target price on F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Finally, Raymond James increased their price target on F.N.B. from $17.00 to $19.00 and gave the company 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 issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.50.

Institutional Investors Weigh In On F.N.B.

A number of institutional investors and hedge funds have recently made changes to their positions in FNB. World Investment Advisors boosted its position in F.N.B. by 2.3% in the fourth quarter. World Investment Advisors now owns 29,393 shares of the bank’s stock worth $434,000 after purchasing an additional 667 shares during the last quarter. Savant Capital LLC raised its position in 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 acquiring an additional 708 shares during the period. Forum Financial Management LP lifted its stake in F.N.B. by 5.9% in the fourth quarter. Forum Financial Management LP now owns 13,258 shares of the bank’s stock valued at $196,000 after purchasing an additional 744 shares during the last quarter. Arizona State Retirement System lifted its position in shares of F.N.B. by 0.7% during the 4th quarter. Arizona State Retirement System now owns 104,354 shares of the bank’s stock valued at $1,542,000 after buying an additional 765 shares during the last quarter. Finally, Signaturefd LLC boosted its position in F.N.B. by 16.7% during the third quarter. Signaturefd LLC now owns 5,592 shares of the bank’s stock worth $79,000 after purchasing an additional 799 shares during the period. Institutional investors and hedge funds own 79.25% 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.