F.N.B. Co. (NYSE:FNB) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC trimmed its holdings in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 2.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,939,779 shares of the bank's stock after selling 141,642 shares during the quarter. Geode Capital Management LLC owned 1.65% of F.N.B. worth $83,833,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Signaturefd LLC raised its position in F.N.B. by 16.7% during the third quarter. Signaturefd LLC now owns 5,592 shares of the bank's stock valued at $79,000 after purchasing an additional 799 shares during the period. Miller Howard Investments Inc. NY increased its position in shares of F.N.B. by 2.4% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 35,067 shares of the bank's stock valued at $480,000 after purchasing an additional 836 shares during the last quarter. Hancock Whitney Corp raised its holdings in F.N.B. by 0.8% during the 3rd quarter. Hancock Whitney Corp now owns 121,945 shares of the bank's stock valued at $1,721,000 after buying an additional 947 shares during the period. Bank of Montreal Can lifted its position in F.N.B. by 2.2% in the second quarter. Bank of Montreal Can now owns 47,679 shares of the bank's stock worth $653,000 after buying an additional 1,040 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted 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 worth $65,000 after buying an additional 1,100 shares during the period. Institutional investors own 79.25% of the company's stock.

Insider Buying and Selling at F.N.B.

In related 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 completion of the sale, the chief executive officer now directly owns 1,652,229 shares in the company, valued at $27,261,778.50. This represents a 7.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.03% of the company's stock.

F.N.B. Trading Up 0.7 %

Shares of NYSE:FNB traded up $0.10 during trading on Friday, reaching $14.50. 5,946,242 shares of the company were exchanged, compared to its average volume of 2,251,125. The business's fifty day simple moving average is $15.71 and its 200-day simple moving average is $14.58. The firm has a market capitalization of $5.21 billion, a PE ratio of 13.30 and a beta of 0.99. F.N.B. Co. has a 12-month low of $12.49 and a 12-month high of $17.70. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.92.

F.N.B. (NYSE:FNB - Get Free Report) last issued its earnings results on Thursday, October 17th. The bank reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). The firm had revenue of $413.02 million during the quarter, compared to analysts' expectations of $409.80 million. F.N.B. had a return on equity of 8.49% and a net margin of 16.29%. On average, research analysts anticipate that F.N.B. Co. will post 1.34 EPS for the current year.

F.N.B. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend was Monday, December 2nd. F.N.B.'s dividend payout ratio (DPR) is 44.04%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FNB. 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 objective on shares of F.N.B. from $16.00 to $18.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. Keefe, Bruyette & Woods raised their price objective on shares of 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 reaffirmed an "overweight" rating on shares of F.N.B. in a research note on Friday, October 18th. Finally, Wells Fargo & Company raised their price target on F.N.B. from $16.00 to $19.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 3rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, F.N.B. has a consensus rating of "Moderate Buy" and an average price target of $17.67.

About F.N.B.

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.