F.N.B. Co. (NYSE:FNB) Stake Cut by Hancock Whitney Corp

Hancock Whitney Corp cut its holdings in F.N.B. Co. (NYSE:FNB - Free Report) by 46.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 64,953 shares of the bank's stock after selling 56,992 shares during the period. Hancock Whitney Corp's holdings in F.N.B. were worth $960,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Stifel Financial Corp increased its position in F.N.B. by 6.6% during the third quarter. Stifel Financial Corp now owns 28,669 shares of the bank's stock worth $405,000 after purchasing an additional 1,768 shares during the last quarter. Barclays PLC grew its stake in shares of F.N.B. by 4.6% during the 3rd quarter. Barclays PLC now owns 449,839 shares of the bank's stock valued at $6,348,000 after buying an additional 19,589 shares during the period. World Investment Advisors LLC acquired a new stake in shares of F.N.B. during the 3rd quarter worth $405,000. Principal Financial Group Inc. raised its position in shares of F.N.B. by 2.6% in the 3rd quarter. Principal Financial Group Inc. now owns 4,952,429 shares of the bank's stock worth $69,879,000 after buying an additional 127,516 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in F.N.B. by 3.4% in the third quarter. JPMorgan Chase & Co. now owns 987,084 shares of the bank's stock valued at $13,928,000 after acquiring an additional 32,047 shares during the last quarter. Hedge funds and other institutional investors own 79.25% of the company's stock.

Insiders Place Their Bets

In related news, Director William B. Campbell acquired 3,000 shares of the firm's stock in a transaction on Wednesday, February 5th. The stock was bought at an average cost of $15.57 per share, with a total value of $46,710.00. Following the acquisition, the director now directly owns 158,834 shares in the company, valued at approximately $2,473,045.38. The trade was a 1.93 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 owns 65,344 shares in the company, valued at approximately $1,013,485.44. This trade represents a 18.67 % decrease in their position. The disclosure for this sale can be found here. 1.37% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on FNB shares. Piper Sandler cut their price objective on F.N.B. from $19.00 to $18.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. Keefe, Bruyette & Woods upgraded shares of F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 price target on the stock in a report on Monday, April 21st. Wells Fargo & Company decreased their price objective on shares of F.N.B. from $18.00 to $16.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Finally, DA Davidson reissued a "buy" rating and issued a $19.00 target price on shares of F.N.B. in a research note on Thursday, April 17th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $17.75.

F.N.B. Stock Up 0.6 %

Shares of NYSE FNB traded up $0.08 during trading on Monday, reaching $13.37. 1,808,113 shares of the stock were exchanged, compared to its average volume of 2,470,024. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 3.60 and a beta of 0.86. The business's 50-day moving average price is $13.28 and its 200 day moving average price is $14.73. 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 twelve month low of $10.88 and a twelve month high of $17.70.

F.N.B. (NYSE:FNB - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The bank reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.02. F.N.B. had a net margin of 18.12% and a return on equity of 8.30%. The company had revenue of $411.61 million during the quarter, compared to analysts' expectations of $409.52 million. During the same period in the prior year, the company posted $0.34 EPS. As a group, equities analysts forecast that F.N.B. Co. will post 1.45 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.12 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.48 annualized dividend and a yield of 3.59%. F.N.B.'s dividend payout ratio 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.