F.N.B. Co. (NYSE:FNB) Shares Sold by JFS Wealth Advisors LLC

JFS Wealth Advisors LLC reduced its stake in shares of F.N.B. Co. (NYSE:FNB) by 8.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,885 shares of the bank’s stock after selling 4,967 shares during the quarter. JFS Wealth Advisors LLC’s holdings in F.N.B. were worth $767,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. State Street Corp boosted its position in shares of F.N.B. by 1.9% in the 3rd quarter. State Street Corp now owns 15,185,397 shares of the bank’s stock valued at $214,266,000 after purchasing an additional 278,825 shares during the period. Principal Financial Group Inc. grew its position in shares of F.N.B. by 2.6% during the third quarter. Principal Financial Group Inc. now owns 4,952,429 shares of the bank’s stock worth $69,879,000 after acquiring an additional 127,516 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of F.N.B. by 2.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 4,818,228 shares of the bank’s stock valued at $67,986,000 after acquiring an additional 130,972 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of F.N.B. by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,888,563 shares of the bank’s stock valued at $54,868,000 after acquiring an additional 218,511 shares during the period. Finally, Wellington Management Group LLP boosted its stake in F.N.B. by 1.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,044,815 shares of the bank’s stock worth $14,742,000 after purchasing an additional 11,454 shares during the period. Institutional investors and hedge funds own 79.25% of the company’s stock.

F.N.B. Price Performance

F.N.B. stock opened at $15.43 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 0.94. F.N.B. Co. has a one year low of $12.49 and a one year high of $17.70. The company has a market cap of $5.55 billion, a P/E ratio of 12.24, a price-to-earnings-growth ratio of 3.80 and a beta of 1.01. The business has a fifty day moving average of $15.28 and a two-hundred day moving average of $14.99.

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 dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.48 annualized dividend and a yield of 3.11%. F.N.B.’s payout ratio is currently 38.10%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on FNB shares. StockNews.com raised shares of F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Raymond James increased their price objective on F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Keefe, Bruyette & Woods boosted their target price on F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Wells Fargo & Company decreased their price target on F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, Piper Sandler cut their price objective 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 Thursday, January 23rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, F.N.B. has a consensus rating of “Moderate Buy” and a consensus price target of $18.50.

Insider Buying and Selling at F.N.B.

In other F.N.B. 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 value 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William B. Campbell purchased 3,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were purchased at an average cost of $15.57 per share, with a total value of $46,710.00. Following the purchase, 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 disclosure for this purchase can be found here. 1.03% of the stock is currently owned by corporate insiders.

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.