Insider Selling: F.N.B. Co. (NYSE:FNB) Director Sells $232,650.00 in Stock

F.N.B. Co. (NYSE:FNB) Director David L. Motley sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $15.51, for a total transaction of $232,650.00. Following the completion of the transaction, the director now owns 65,344 shares of the company’s stock, valued at approximately $1,013,485.44. The trade was a 18.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

F.N.B. Trading Down 2.3 %

Shares of FNB opened at $14.78 on Friday. F.N.B. Co. has a twelve month low of $12.49 and a twelve month high of $17.70. The company has a market cap of $5.31 billion, a P/E ratio of 11.73, a P/E/G ratio of 3.60 and a beta of 1.01. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48. The company’s fifty day simple moving average is $15.21 and its 200-day simple moving average is $15.02.

F.N.B. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Monday, March 3rd. F.N.B.’s payout ratio is presently 38.10%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. AlphaQuest LLC grew its holdings in F.N.B. by 3,589.8% during the 4th quarter. AlphaQuest LLC now owns 1,808 shares of the bank’s stock worth $27,000 after acquiring an additional 1,759 shares in the last quarter. Brooklyn Investment Group bought a new position in F.N.B. during the 3rd quarter worth about $31,000. Headlands Technologies LLC bought a new position in F.N.B. during the 4th quarter worth about $39,000. Richardson Financial Services Inc. grew its holdings in F.N.B. by 100.0% during the 3rd 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 in the last quarter. Finally, Versant Capital Management Inc grew its holdings in F.N.B. by 100.9% during the 4th 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 in the last quarter. 79.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on FNB. Keefe, Bruyette & Woods upped 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 research report on Wednesday, December 4th. Piper Sandler dropped their price target 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. Raymond James upped their price target on shares of F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. DA Davidson upped their target price on shares of F.N.B. from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company dropped their target price 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 Monday, January 6th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.