F.N.B. Co. (NYSE:FNB) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its stake in F.N.B. Co. (NYSE:FNB - Free Report) by 8.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,321,975 shares of the bank's stock after selling 298,626 shares during the period. Bank of New York Mellon Corp owned 0.92% of F.N.B. worth $49,099,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new stake in F.N.B. in the 3rd quarter valued at approximately $31,000. Versant Capital Management Inc lifted its stake in F.N.B. by 100.9% in the 4th quarter. Versant Capital Management Inc now owns 4,011 shares of the bank's stock valued at $59,000 after buying an additional 2,014 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in F.N.B. by 31.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank's stock valued at $65,000 after buying an additional 1,100 shares in the last quarter. R Squared Ltd purchased a new stake in F.N.B. in the 4th quarter valued at approximately $69,000. Finally, Quarry LP purchased a new stake in F.N.B. in the 3rd quarter valued at approximately $73,000. Institutional investors and hedge funds own 79.25% of the company's stock.

Insider Buying and Selling at F.N.B.

In other F.N.B. news, Director David L. Motley sold 15,000 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $15.51, for a total value of $232,650.00. Following the transaction, the director now directly owns 65,344 shares of the company's stock, valued at $1,013,485.44. This trade represents a 18.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William B. Campbell acquired 3,000 shares of the business's stock in a transaction on 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 transaction, the director now directly owns 158,834 shares of the company's stock, valued at $2,473,045.38. This trade represents a 1.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.03% of the stock is currently owned by corporate insiders.

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Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on FNB shares. Wells Fargo & Company reduced their target price 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 upped their target price on 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. Raymond James increased their price target on F.N.B. from $17.00 to $19.00 and gave the stock an "outperform" rating in a research note on Thursday, November 21st. DA Davidson increased 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. Finally, Piper Sandler reduced their price target on F.N.B. from $19.00 to $18.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $18.50.

F.N.B. Trading Down 0.2 %

Shares of FNB traded down $0.03 during trading hours on Friday, hitting $13.75. The stock had a trading volume of 3,313,732 shares, compared to its average volume of 2,220,450. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $4.95 billion, a P/E ratio of 10.91, a P/E/G ratio of 3.60 and a beta of 0.98. The company's fifty day simple moving average is $15.09 and its 200 day simple moving average is $15.06. F.N.B. Co. has a 12-month low of $12.49 and a 12-month high of $17.70.

F.N.B. Dividend Announcement

The business also recently disclosed 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. This represents a $0.48 annualized dividend and a yield of 3.49%. The ex-dividend date is Monday, March 3rd. F.N.B.'s dividend payout ratio (DPR) is presently 38.10%.

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.