Calamos Wealth Management LLC Acquires New Stake in F.N.B. Co. (NYSE:FNB)

Calamos Wealth Management LLC bought a new position in F.N.B. Co. (NYSE:FNB) in the fourth quarter, HoldingsChannel.com reports. The firm bought 12,889 shares of the bank’s stock, valued at approximately $190,000.

Other large investors have also recently added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. bought a new stake in shares of F.N.B. in the third quarter valued at about $28,000. Brooklyn Investment Group acquired a new stake in F.N.B. in the 3rd quarter valued at approximately $31,000. Richardson Financial Services Inc. lifted its stake in F.N.B. by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock valued at $41,000 after acquiring an additional 1,473 shares in the last quarter. UMB Bank n.a. boosted its position in F.N.B. by 82.3% during the 3rd quarter. UMB Bank n.a. now owns 3,687 shares of the bank’s stock worth $52,000 after acquiring an additional 1,665 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake 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 acquiring an additional 2,014 shares in the last quarter. Institutional investors own 79.25% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on FNB shares. Wells Fargo & Company reduced their target price 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. StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Piper Sandler lowered their target price on 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. Stephens increased their price target on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, Keefe, Bruyette & Woods boosted their price target 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

F.N.B. Trading Up 1.9 %

Shares of NYSE:FNB opened at $15.59 on Wednesday. The company has a 50-day simple moving average of $15.49 and a 200 day simple moving average of $14.96. The company has a market capitalization of $5.60 billion, a P/E ratio of 12.37, a price-to-earnings-growth ratio of 3.74 and a beta of 1.01. 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. Co. has a 52-week low of $12.49 and a 52-week high of $17.70.

F.N.B. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be paid 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 dividend yield of 3.08%. F.N.B.’s dividend payout ratio is currently 38.10%.

Insider Buying and Selling

In other F.N.B. news, CEO Vincent J. Delie, Jr. sold 125,000 shares of F.N.B. stock in a transaction on Friday, December 6th. The shares were sold at an average price of $16.50, for a total transaction of $2,062,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,652,229 shares of the company’s stock, valued at $27,261,778.50. The trade was a 7.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.22% of the stock is owned by insiders.

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.