Prudent Man Advisors LLC Increases Stock Holdings in F.N.B. Co. (NYSE:FNB)

Prudent Man Advisors LLC increased its stake in F.N.B. Co. (NYSE:FNB) by 8.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,857 shares of the bank’s stock after acquiring an additional 3,983 shares during the quarter. Prudent Man Advisors LLC’s holdings in F.N.B. were worth $752,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Planning increased its stake in shares of F.N.B. by 3.0% during the third quarter. Creative Planning now owns 60,731 shares of the bank’s stock worth $857,000 after purchasing an additional 1,757 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in F.N.B. during the 3rd quarter worth approximately $2,223,000. State of Alaska Department of Revenue raised its holdings in shares of F.N.B. by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 41,581 shares of the bank’s stock valued at $586,000 after acquiring an additional 2,830 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of F.N.B. by 15.5% in the third quarter. Nisa Investment Advisors LLC now owns 142,340 shares of the bank’s stock valued at $2,008,000 after acquiring an additional 19,100 shares in the last quarter. Finally, Ceredex Value Advisors LLC boosted its stake in shares of F.N.B. by 13.9% in the third quarter. Ceredex Value Advisors LLC now owns 964,974 shares of the bank’s stock worth $13,616,000 after acquiring an additional 118,100 shares during the last quarter. Hedge funds and other institutional investors own 79.25% of the company’s stock.

Insider Buying and Selling

In other news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the 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 directly owns 1,652,229 shares in the company, valued at approximately $27,261,778.50. This trade represents a 7.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David L. Motley sold 15,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $15.51, for a total value of $232,650.00. Following the transaction, the director now directly owns 65,344 shares of the company’s stock, valued at $1,013,485.44. The trade was a 18.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.03% of the stock is owned by insiders.

F.N.B. Stock Performance

NYSE FNB opened at $14.83 on Friday. The stock has a fifty day simple moving average of $15.18 and a 200-day simple moving average of $15.05. 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 stock has a market cap of $5.33 billion, a PE ratio of 11.77, a P/E/G ratio of 3.60 and a beta of 1.01. F.N.B. Co. has a twelve month low of $12.49 and a twelve month 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 issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date is Monday, March 3rd. F.N.B.’s dividend payout ratio (DPR) is currently 38.10%.

Analyst Ratings Changes

A number of research analysts have weighed in on FNB shares. Piper Sandler decreased their price objective on F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. 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 research note on Monday, January 6th. DA Davidson upped their price objective on shares of F.N.B. from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Raymond James raised their target price on shares of F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Finally, Keefe, Bruyette & Woods upped their price target on F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.