F.N.B. Co. (NYSE:FNB) Stock Position Lifted by Bill Few Associates Inc.

Bill Few Associates Inc. grew its position in F.N.B. Co. (NYSE:FNB) by 1.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 92,332 shares of the bank’s stock after acquiring an additional 1,023 shares during the quarter. Bill Few Associates Inc.’s holdings in F.N.B. were worth $1,365,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kathleen S. Wright Associates Inc. acquired a new stake in shares of F.N.B. during the third quarter worth $28,000. Brooklyn Investment Group acquired a new stake in F.N.B. during the third quarter worth about $31,000. Richardson Financial Services Inc. lifted its holdings in 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. UMB Bank n.a. grew its holdings in shares of F.N.B. by 82.3% during the third quarter. UMB Bank n.a. now owns 3,687 shares of the bank’s stock valued at $52,000 after purchasing an additional 1,665 shares during the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of F.N.B. by 100.9% in the 4th quarter. Versant Capital Management Inc now owns 4,011 shares of the bank’s stock worth $59,000 after purchasing an additional 2,014 shares during the last quarter. 79.25% of the stock is owned by institutional investors and hedge funds.

F.N.B. Trading Down 2.2 %

Shares of F.N.B. stock opened at $15.56 on Thursday. The business has a fifty day simple moving average of $15.70 and a 200-day simple moving average of $14.88. F.N.B. Co. has a fifty-two week low of $12.49 and a fifty-two week high of $17.70. The firm has a market cap of $5.60 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 4.91 and a beta of 1.01. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.40.

F.N.B. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd were given a dividend of $0.12 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.48 annualized dividend and a dividend yield of 3.08%. F.N.B.’s dividend payout ratio (DPR) is 44.04%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on FNB shares. Stephens increased their target price on F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Wells Fargo & Company cut 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 report on Monday, January 6th. Keefe, Bruyette & Woods upped their target price on shares of 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. Piper Sandler reiterated an “overweight” rating on shares of F.N.B. in a research report on Friday, October 18th. Finally, Raymond James lifted 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. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Insider Transactions at F.N.B.

In other F.N.B. news, CEO Vincent J. Delie, Jr. sold 125,000 shares of F.N.B. stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $16.50, for a total value of $2,062,500.00. Following the transaction, the chief executive officer now owns 1,652,229 shares in the company, valued at approximately $27,261,778.50. The trade was a 7.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.03% of the company’s stock.

F.N.B. 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.