F.N.B. Co. (NYSE:FNB - Get Free Report) Director David L. Motley sold 15,000 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $15.51, for a total transaction of $232,650.00. Following the completion of the sale, the director now directly owns 65,344 shares of the company's stock, valued at $1,013,485.44. This represents a 18.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.
F.N.B. Price Performance
FNB stock traded down $0.35 during midday trading on Friday, hitting $14.78. 1,921,180 shares of the stock were exchanged, compared to its average volume of 2,207,909. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 3.60 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. The stock's 50-day moving average price is $15.21 and its 200-day moving average price is $15.01. 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. Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend is Monday, March 3rd. F.N.B.'s dividend payout ratio is presently 38.10%.
Analyst Upgrades and Downgrades
FNB has been the subject of several analyst reports. Piper Sandler dropped their price target on shares of F.N.B. from $19.00 to $18.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods raised their target price 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. Wells Fargo & Company lowered their price target on F.N.B. from $19.00 to $18.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Raymond James boosted their price target on shares of F.N.B. from $17.00 to $19.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. Finally, DA Davidson raised their price target on shares of F.N.B. from $19.00 to $20.00 and gave the company a "buy" rating 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 stock has an average rating of "Moderate Buy" and a consensus price target of $18.50.
Check Out Our Latest Research Report on F.N.B.
Hedge Funds Weigh In On F.N.B.
Institutional investors and hedge funds have recently modified their holdings of the company. Forum Financial Management LP increased its stake in shares of F.N.B. by 5.9% during the 4th quarter. Forum Financial Management LP now owns 13,258 shares of the bank's stock valued at $196,000 after acquiring an additional 744 shares during the last quarter. GTS Securities LLC acquired a new position in shares of F.N.B. in the 4th quarter valued at $237,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of F.N.B. by 12.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 990,569 shares of the bank's stock valued at $14,641,000 after buying an additional 107,564 shares during the period. Voloridge Investment Management LLC acquired a new stake in shares of F.N.B. during the 4th quarter worth $1,207,000. Finally, Squarepoint Ops LLC boosted its holdings in F.N.B. by 411.4% in the fourth quarter. Squarepoint Ops LLC now owns 495,373 shares of the bank's stock valued at $7,322,000 after acquiring an additional 398,501 shares during the last quarter. Hedge funds and other institutional investors own 79.25% of the company's stock.
About F.N.B.
(
Get Free Report)
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.
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