F.N.B. Co. (NYSE:FNB) Director William B. Campbell Acquires 3,000 Shares of Stock

F.N.B. Co. (NYSE:FNB) Director William B. Campbell bought 3,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was bought at an average cost of $15.57 per share, for a total transaction of $46,710.00. Following the completion of the purchase, the director now 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 purchase was disclosed in a filing with the SEC, which can be accessed through this link.

F.N.B. Stock Performance

NYSE FNB opened at $15.93 on Friday. The stock has a market capitalization of $5.73 billion, a PE ratio of 12.64, a P/E/G ratio of 3.74 and a beta of 1.01. The business has a 50 day simple moving average of $15.44 and a two-hundred day simple moving average of $14.97. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.94 and a quick ratio of 0.94. F.N.B. Co. has a 1-year low of $12.49 and a 1-year high of $17.70.

F.N.B. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend is Monday, March 3rd. F.N.B.’s dividend payout ratio (DPR) is 38.10%.

Hedge Funds Weigh In On F.N.B.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. PL Capital Advisors LLC purchased a new position in shares of F.N.B. in the 4th quarter worth approximately $308,616,000. State Street Corp lifted its stake in shares of F.N.B. by 1.9% during the 3rd quarter. State Street Corp now owns 15,185,397 shares of the bank’s stock worth $214,266,000 after acquiring an additional 278,825 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of F.N.B. by 2.6% during the 3rd quarter. Principal Financial Group Inc. now owns 4,952,429 shares of the bank’s stock worth $69,879,000 after acquiring an additional 127,516 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of F.N.B. by 2.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 4,818,228 shares of the bank’s stock worth $67,986,000 after acquiring an additional 130,972 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of F.N.B. by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,940,425 shares of the bank’s stock worth $58,239,000 after acquiring an additional 51,862 shares during the last quarter. Hedge funds and other institutional investors own 79.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Stephens raised their price objective on F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Wells Fargo & Company decreased their price objective 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. Keefe, Bruyette & Woods raised their price objective on F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Finally, Piper Sandler cut their target price on F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $18.50.

F.N.B. Company 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.