Insider Buying: F.N.B. Co. (NYSE:FNB) Director Acquires 3,000 Shares of Stock

F.N.B. Co. (NYSE:FNB) Director William B. Campbell bought 3,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the director now owns 158,834 shares in the company, valued at $2,473,045.38. This represents a 1.93 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

F.N.B. Stock Performance

Shares of FNB stock opened at $15.93 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.48. The business has a 50-day simple moving average of $15.44 and a 200-day simple moving average of $14.97. The stock has a market cap of $5.73 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 3.74 and a beta of 1.01. F.N.B. Co. has a 52-week low of $12.49 and a 52-week high of $17.70.

F.N.B. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Investors 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 annualized dividend and a yield of 3.01%. F.N.B.’s payout ratio is 38.10%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on FNB shares. Piper Sandler decreased their target price on 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. StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Raymond James lifted their price target on F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Wells Fargo & Company cut their price target on F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Finally, Stephens lifted their price target on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, F.N.B. presently has an average rating of “Moderate Buy” and an average target price of $18.50.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FNB. Kathleen S. Wright Associates Inc. purchased a new position in F.N.B. in the third quarter worth approximately $28,000. Brooklyn Investment Group purchased a new position in F.N.B. in the third quarter worth approximately $31,000. Richardson Financial Services Inc. grew its position in F.N.B. by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock worth $41,000 after acquiring an additional 1,473 shares during the period. UMB Bank n.a. grew its position in F.N.B. by 82.3% in the third quarter. UMB Bank n.a. now owns 3,687 shares of the bank’s stock worth $52,000 after acquiring an additional 1,665 shares during the period. Finally, Versant Capital Management Inc grew its position in F.N.B. by 100.9% in the fourth quarter. Versant Capital Management Inc now owns 4,011 shares of the bank’s stock worth $59,000 after acquiring an additional 2,014 shares during the period. 79.25% of the stock is currently owned by hedge funds and other institutional investors.

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.