F.N.B. Co. (NYSE:FNB) Shares Sold by Stephens Inc. AR

Stephens Inc. AR decreased its position in F.N.B. Co. (NYSE:FNB) by 3.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 82,976 shares of the bank’s stock after selling 2,952 shares during the period. Stephens Inc. AR’s holdings in F.N.B. were worth $1,226,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in F.N.B. in the 3rd quarter valued at about $31,000. Richardson Financial Services Inc. grew its stake in shares of F.N.B. by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock worth $41,000 after purchasing an additional 1,473 shares during the last quarter. Versant Capital Management Inc raised 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 in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in F.N.B. by 31.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank’s stock valued at $65,000 after purchasing an additional 1,100 shares during the last quarter. Finally, R Squared Ltd bought a new stake in F.N.B. during the fourth quarter worth approximately $69,000. Institutional investors own 79.25% of the company’s stock.

Insider Buying and Selling at F.N.B.

In other news, Director William B. Campbell purchased 3,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was acquired at an average price of $15.57 per share, with a total value of $46,710.00. Following the purchase, the director now owns 158,834 shares in the company, valued at $2,473,045.38. This represents a 1.93 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Vincent J. Delie, Jr. sold 125,000 shares of the firm’s 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 transaction, the chief executive officer now owns 1,652,229 shares in the company, valued at $27,261,778.50. This represents a 7.03 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.03% of the company’s stock.

F.N.B. Price Performance

Shares of FNB opened at $15.32 on Thursday. The business’s 50-day moving average is $15.34 and its 200-day moving average is $14.99. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $5.51 billion, a price-to-earnings ratio of 12.16, a P/E/G ratio of 3.80 and a beta of 1.01. F.N.B. Co. has a fifty-two week low of $12.49 and a fifty-two week high of $17.70.

F.N.B. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be given a $0.12 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.48 dividend on an annualized basis and a yield of 3.13%. F.N.B.’s payout ratio is 38.10%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company reduced their price objective on F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. StockNews.com raised F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. DA Davidson lifted their price target on F.N.B. from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods upped their price objective on shares of 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. Finally, Raymond James lifted their target price on shares of F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, F.N.B. 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.