EP Wealth Advisors LLC bought a new position in shares of F.N.B. Co. (NYSE:FNB - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 34,823 shares of the bank's stock, valued at approximately $491,000.
Several other institutional investors have also recently made changes to their positions in FNB. Kathleen S. Wright Associates Inc. acquired a new stake in F.N.B. in the third quarter valued at approximately $28,000. Brooklyn Investment Group purchased a new position in F.N.B. in the 3rd quarter worth approximately $31,000. Richardson Financial Services Inc. grew its position in shares of F.N.B. by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank's stock valued at $41,000 after purchasing an additional 1,473 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of F.N.B. by 82.3% in the third quarter. UMB Bank n.a. now owns 3,687 shares of the bank's stock valued at $52,000 after purchasing an additional 1,665 shares during the last quarter. Finally, Quarry LP purchased a new position in F.N.B. during the third quarter worth approximately $73,000. Hedge funds and other institutional investors own 79.25% of the company's stock.
Insider Transactions at F.N.B.
In other news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the company's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $16.50, for a total transaction of $2,062,500.00. Following the sale, the chief executive officer now owns 1,652,229 shares of the company's stock, valued at approximately $27,261,778.50. This represents a 7.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.03% of the company's stock.
Analysts Set New Price Targets
Several brokerages have issued reports on FNB. Wells Fargo & Company upped their target price on F.N.B. from $16.00 to $19.00 and gave the company an "overweight" rating in a report on Tuesday, December 3rd. StockNews.com raised shares of F.N.B. from a "sell" rating to a "hold" rating in a research note on Monday, October 21st. Stephens increased their price target on shares of F.N.B. from $16.00 to $18.00 and gave the company an "overweight" rating in a research note on Monday, October 21st. Keefe, Bruyette & Woods lifted their price target on shares of F.N.B. from $16.00 to $18.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Finally, Piper Sandler reissued an "overweight" rating on shares of F.N.B. in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $17.67.
Check Out Our Latest Stock Analysis on FNB
F.N.B. Trading Down 0.6 %
F.N.B. stock traded down $0.09 during trading on Friday, hitting $15.87. The company had a trading volume of 841,153 shares, compared to its average volume of 2,201,305. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of 14.64 and a beta of 0.99. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. F.N.B. Co. has a 1-year low of $12.49 and a 1-year high of $17.70. The company's 50 day simple moving average is $15.57 and its 200-day simple moving average is $14.53.
F.N.B. (NYSE:FNB - Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The bank reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.02). F.N.B. had a net margin of 16.29% and a return on equity of 8.49%. The firm had revenue of $413.02 million during the quarter, compared to analyst estimates of $409.80 million. As a group, analysts expect that F.N.B. Co. will post 1.34 EPS for the current fiscal year.
F.N.B. Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.12 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 3.02%. F.N.B.'s dividend payout ratio (DPR) is presently 44.04%.
About F.N.B.
(
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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