Thrivent Financial for Lutherans Trims Stock Position in F.N.B. Co. (NYSE:FNB)

Thrivent Financial for Lutherans lessened its stake in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 6.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,519,596 shares of the bank's stock after selling 298,632 shares during the quarter. Thrivent Financial for Lutherans owned about 1.26% of F.N.B. worth $66,799,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FNB. GSA Capital Partners LLP bought a new stake in F.N.B. during the 3rd quarter worth approximately $447,000. Natixis Advisors LLC grew its position in shares of F.N.B. by 4.0% during the 3rd quarter. Natixis Advisors LLC now owns 66,705 shares of the bank's stock valued at $941,000 after purchasing an additional 2,591 shares in the last quarter. LMR Partners LLP bought a new position in shares of F.N.B. in the third quarter worth $329,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of F.N.B. in the third quarter worth $166,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in F.N.B. by 6.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,888,563 shares of the bank's stock valued at $54,868,000 after buying an additional 218,511 shares during the period. 79.25% of the stock is currently owned by institutional investors.

Insider Transactions at F.N.B.

In other news, Director William B. Campbell acquired 3,000 shares of the firm's stock in a transaction on Wednesday, February 5th. The shares were purchased at an average price of $15.57 per share, for a total transaction of $46,710.00. Following the completion of the transaction, the director now owns 158,834 shares of the company's stock, valued at $2,473,045.38. The trade was a 1.93 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David L. Motley sold 15,000 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $15.51, for a total transaction of $232,650.00. Following the sale, the director now owns 65,344 shares of the company's stock, valued at approximately $1,013,485.44. This represents a 18.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.03% of the company's stock.

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F.N.B. Trading Up 2.8 %

Shares of F.N.B. stock traded up $0.37 during trading on Monday, reaching $13.91. The company's stock had a trading volume of 2,459,027 shares, compared to its average volume of 2,240,479. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.48. F.N.B. Co. has a 52-week low of $12.49 and a 52-week high of $17.70. The firm's 50-day moving average is $14.84 and its two-hundred day moving average is $14.97. The company has a market cap of $5.00 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 3.60 and a beta of 0.98.

F.N.B. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.12 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.45%. F.N.B.'s dividend payout ratio (DPR) is currently 38.10%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FNB. Keefe, Bruyette & Woods upped 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. Piper Sandler decreased their price objective on shares of F.N.B. from $19.00 to $18.00 and set an "overweight" rating on the stock in a research report on Thursday, January 23rd. Wells Fargo & Company dropped their target price on shares of F.N.B. from $19.00 to $18.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. Finally, DA Davidson increased their price target on shares of F.N.B. from $19.00 to $20.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, F.N.B. has a consensus rating of "Moderate Buy" and a consensus target price 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.