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

F.N.B. Co. (NYSE:FNB) Director William B. Campbell purchased 3,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were bought at an average price of $15.57 per share, for a total transaction of $46,710.00. Following the completion of the transaction, the director now 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 acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

F.N.B. Price Performance

FNB opened at $15.72 on Friday. The stock has a market capitalization of $5.65 billion, a P/E ratio of 12.48, a PEG ratio of 3.74 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. F.N.B. Co. has a 12-month low of $12.49 and a 12-month high of $17.70. The stock has a 50-day moving average price of $15.41 and a 200-day moving average price of $14.98.

F.N.B. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Monday, March 3rd. F.N.B.’s dividend payout ratio (DPR) is presently 38.10%.

Institutional Investors Weigh In On F.N.B.

A number of institutional investors have recently made changes to their positions in FNB. AlphaQuest LLC raised its position in F.N.B. by 3,589.8% in the 4th quarter. AlphaQuest LLC now owns 1,808 shares of the bank’s stock worth $27,000 after purchasing an additional 1,759 shares during the period. Kathleen S. Wright Associates Inc. bought a new position in shares of F.N.B. during the third quarter valued at about $28,000. Brooklyn Investment Group purchased a new position in shares of F.N.B. in the third quarter worth about $31,000. Richardson Financial Services Inc. lifted its stake in shares of F.N.B. by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock valued at $41,000 after acquiring an additional 1,473 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in F.N.B. by 82.3% during the 3rd quarter. UMB Bank n.a. now owns 3,687 shares of the bank’s stock valued at $52,000 after acquiring an additional 1,665 shares during the period. Hedge funds and other institutional investors own 79.25% of the company’s stock.

Analyst Upgrades and Downgrades

FNB has been the subject of several recent analyst reports. Raymond James boosted their price objective on shares of F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Wells Fargo & Company decreased 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. Keefe, Bruyette & Woods lifted their price objective on F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler decreased their target price on F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Finally, DA Davidson lifted their price target on F.N.B. from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, F.N.B. has an average rating of “Moderate Buy” and an average price target of $18.50.

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.