F.N.B. Co. (NYSE:FNB) Shares Bought by Wealthspire Advisors LLC

Wealthspire Advisors LLC raised its position in F.N.B. Co. (NYSE:FNB) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,400 shares of the bank’s stock after acquiring an additional 1,230 shares during the quarter. Wealthspire Advisors LLC’s holdings in F.N.B. were worth $287,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Good Life Advisors LLC bought a new position in F.N.B. during the fourth quarter worth $156,000. Sanctuary Advisors LLC lifted its stake in F.N.B. by 12.2% during the fourth quarter. Sanctuary Advisors LLC now owns 26,752 shares of the bank’s stock worth $423,000 after purchasing an additional 2,901 shares during the last quarter. Stieven Capital Advisors L.P. lifted its stake in F.N.B. by 8.0% during the fourth quarter. Stieven Capital Advisors L.P. now owns 823,591 shares of the bank’s stock worth $12,173,000 after purchasing an additional 60,900 shares during the last quarter. Congress Asset Management Co. lifted its stake in F.N.B. by 4.7% during the fourth quarter. Congress Asset Management Co. now owns 168,344 shares of the bank’s stock worth $2,488,000 after purchasing an additional 7,570 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in F.N.B. during the fourth quarter worth $863,000. Institutional investors and hedge funds own 79.25% of the company’s stock.

Insider Transactions at F.N.B.

In other news, Director William B. Campbell acquired 3,000 shares of F.N.B. stock in a transaction that occurred on Wednesday, February 5th. The shares were acquired at an average price of $15.57 per share, for a total transaction of $46,710.00. Following the transaction, the director now directly owns 158,834 shares of the company’s stock, valued at approximately $2,473,045.38. The trade was a 1.93 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David L. Motley sold 15,000 shares of the business’s stock in a transaction on 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 $1,013,485.44. This represents a 18.67 % decrease in their position. The disclosure for this sale can be found here. 1.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

FNB has been the topic of a number of recent research reports. Raymond James raised their target price 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. Keefe, Bruyette & Woods raised their target price 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 cut their target price on 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. 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 research note on Monday, January 6th. Finally, DA Davidson raised their target price 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. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.50.

F.N.B. Stock Performance

Shares of NYSE FNB opened at $14.66 on Friday. The business has a fifty day simple moving average of $15.17 and a 200 day simple moving average of $15.04. F.N.B. Co. has a one year low of $12.49 and a one year high of $17.70. The firm has a market capitalization of $5.27 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 3.60 and a beta of 1.01. 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. Announces Dividend

The firm 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 dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.28%. F.N.B.’s dividend payout ratio (DPR) is currently 38.10%.

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.