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

F.N.B. Co. (NYSE:FNB) Director David L. Motley sold 15,000 shares of the firm’s 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 of the company’s stock, valued at approximately $1,013,485.44. The trade was a 18.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

F.N.B. Trading Down 2.3 %

Shares of FNB stock opened at $14.78 on Friday. The stock has a market cap of $5.31 billion, a P/E ratio of 11.73, a P/E/G ratio of 3.70 and a beta of 1.01. 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. Co. has a fifty-two week low of $12.49 and a fifty-two week high of $17.70. The business has a fifty day simple moving average of $15.21 and a 200-day simple moving average of $15.01.

F.N.B. Dividend Announcement

The firm also recently announced 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 is Monday, March 3rd. This represents a $0.48 annualized dividend and a yield of 3.25%. F.N.B.’s dividend payout ratio (DPR) is currently 38.10%.

Wall Street Analyst Weigh In

Several research firms have recently commented on FNB. Keefe, Bruyette & Woods raised their price target 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. 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 report on Thursday, January 23rd. Piper Sandler decreased their target price on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Wells Fargo & Company 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 Monday, January 6th. Finally, Raymond James boosted their price objective on shares of F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

Institutional Trading of F.N.B.

Several institutional investors and hedge funds have recently modified their holdings of the business. AlphaQuest LLC increased its stake 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 purchasing an additional 1,759 shares in the last quarter. Brooklyn Investment Group purchased a new position in F.N.B. during the third quarter worth $31,000. Headlands Technologies LLC purchased a new position in F.N.B. during the fourth quarter worth $39,000. Richardson Financial Services Inc. raised its holdings in shares of F.N.B. by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock worth $41,000 after acquiring an additional 1,473 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of F.N.B. by 100.9% in the fourth quarter. Versant Capital Management Inc now owns 4,011 shares of the bank’s stock valued at $59,000 after acquiring an additional 2,014 shares in the last quarter. Hedge funds and other institutional investors 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.