Choreo LLC Decreases Stock Holdings in F.N.B. Co. (NYSE:FNB)

Choreo LLC trimmed its position in shares of F.N.B. Co. (NYSE:FNB) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 195,910 shares of the bank’s stock after selling 3,995 shares during the quarter. Choreo LLC owned about 0.05% of F.N.B. worth $2,890,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of FNB. CWM LLC raised its position in shares of F.N.B. by 0.4% in the 3rd quarter. CWM LLC now owns 379,995 shares of the bank’s stock valued at $5,362,000 after purchasing an additional 1,527 shares during the last quarter. Jane Street Group LLC raised its position in shares of F.N.B. by 780.7% in the 3rd quarter. Jane Street Group LLC now owns 357,057 shares of the bank’s stock valued at $5,038,000 after purchasing an additional 316,515 shares during the last quarter. Oak Thistle LLC raised its position in shares of F.N.B. by 117.7% in the 4th quarter. Oak Thistle LLC now owns 95,737 shares of the bank’s stock valued at $1,415,000 after purchasing an additional 51,763 shares during the last quarter. Stifel Financial Corp raised its position in shares of F.N.B. by 6.6% in the 3rd quarter. Stifel Financial Corp now owns 28,669 shares of the bank’s stock valued at $405,000 after purchasing an additional 1,768 shares during the last quarter. Finally, Petiole USA ltd raised its position in shares of F.N.B. by 48.1% in the 3rd quarter. Petiole USA ltd now owns 175,421 shares of the bank’s stock valued at $2,475,000 after purchasing an additional 57,000 shares during the last quarter. 79.25% of the stock is owned by hedge funds and other institutional investors.

F.N.B. Trading Up 1.6 %

NYSE FNB opened at $15.93 on Friday. The firm’s 50-day moving average is $15.44 and its two-hundred day moving average is $14.97. 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 0.48, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $5.73 billion, a P/E ratio of 12.64, a PEG ratio of 3.74 and a beta of 1.01.

F.N.B. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be given a $0.12 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.48 dividend on an annualized basis and a yield of 3.01%. F.N.B.’s payout ratio is currently 38.10%.

Insider Buying and Selling at F.N.B.

In other F.N.B. news, Director William B. Campbell purchased 3,000 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were bought at an average cost of $15.57 per share, for a total transaction of $46,710.00. Following the completion of the purchase, the director now directly owns 158,834 shares of the company’s stock, valued at approximately $2,473,045.38. This trade represents a 1.93 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Vincent J. Delie, Jr. sold 125,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $27,261,778.50. This trade represents a 7.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

FNB has been the topic of several research reports. Piper Sandler cut their price target on shares of 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 increased their price target on shares of F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Wells Fargo & Company cut their price target on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. 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. Finally, Raymond James increased their price target on shares of F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.50.

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.