F.N.B. Co. (NYSE:FNB) Shares Sold by Blue Trust Inc.

Blue Trust Inc. cut its stake in F.N.B. Co. (NYSE:FNB) by 17.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,430 shares of the bank’s stock after selling 2,186 shares during the period. Blue Trust Inc.’s holdings in F.N.B. were worth $154,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. State Street Corp boosted its position in shares of F.N.B. by 1.9% in the third quarter. State Street Corp now owns 15,185,397 shares of the bank’s stock worth $214,266,000 after acquiring an additional 278,825 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of F.N.B. by 2.6% in 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 boosted its position in shares of F.N.B. by 2.8% in the third quarter. Thrivent Financial for Lutherans now owns 4,818,228 shares of the bank’s stock worth $67,986,000 after acquiring an additional 130,972 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of F.N.B. by 6.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,888,563 shares of the bank’s stock worth $54,868,000 after acquiring an additional 218,511 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of F.N.B. by 1.1% in the third quarter. Wellington Management Group LLP now owns 1,044,815 shares of the bank’s stock worth $14,742,000 after acquiring an additional 11,454 shares during the last quarter. 79.25% of the stock is owned by institutional investors and hedge funds.

F.N.B. Trading Down 2.2 %

FNB opened at $15.17 on Friday. The firm has a market capitalization of $5.45 billion, a P/E ratio of 12.04, a P/E/G ratio of 3.72 and a beta of 1.01. The firm’s 50 day moving average is $15.23 and its 200-day moving average is $15.00. F.N.B. Co. has a 52-week low of $12.49 and a 52-week high of $17.70. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.48.

F.N.B. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.17%. F.N.B.’s dividend payout ratio is currently 38.10%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on FNB shares. DA Davidson raised 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. Wells Fargo & Company cut 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. Piper Sandler cut 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 Thursday, January 23rd. Raymond James raised their price target on shares of F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Finally, Keefe, Bruyette & Woods raised their price target on shares of F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Two research 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 stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.50.

Insider Activity

In other news, CEO Vincent J. Delie, Jr. sold 125,000 shares of F.N.B. stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $16.50, for a total transaction of $2,062,500.00. Following the sale, the chief executive officer now owns 1,652,229 shares in the company, valued at $27,261,778.50. This trade represents a 7.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William B. Campbell acquired 3,000 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were purchased at an average price of $15.57 per share, for a total transaction of $46,710.00. Following the purchase, the director now directly 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 disclosure for this purchase can be found here. Insiders own 1.03% of the company’s stock.

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.