F.N.B. Co. (NYSE:FNB) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its position in F.N.B. Co. (NYSE:FNB) by 27.6% in the 4th quarter, Holdings Channel reports. The fund owned 84,260 shares of the bank’s stock after selling 32,116 shares during the period. Teacher Retirement System of Texas’ holdings in F.N.B. were worth $1,245,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. AlphaQuest LLC grew its position in shares of F.N.B. by 3,589.8% in the fourth quarter. AlphaQuest LLC now owns 1,808 shares of the bank’s stock valued at $27,000 after purchasing an additional 1,759 shares during the period. Brooklyn Investment Group acquired a new stake in F.N.B. in the 3rd quarter worth about $31,000. Versant Capital Management Inc grew its holdings in F.N.B. by 100.9% in the 4th quarter. Versant Capital Management Inc now owns 4,011 shares of the bank’s stock valued at $59,000 after buying an additional 2,014 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in shares of F.N.B. by 31.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank’s stock valued at $65,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Sandy Spring Bank acquired a new position in shares of F.N.B. during the 4th quarter valued at about $67,000. 79.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. 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. Keefe, Bruyette & Woods increased 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 note on Wednesday, December 4th. Wells Fargo & Company lowered their price objective on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Finally, Piper Sandler dropped their price objective on F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.50.

F.N.B. Trading Down 2.4 %

NYSE FNB opened at $13.41 on Friday. The firm has a market capitalization of $4.82 billion, a price-to-earnings ratio of 10.64, a PEG ratio of 3.60 and a beta of 0.98. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 0.94. F.N.B. Co. has a one year low of $12.49 and a one year high of $17.70. The company’s 50 day moving average price is $14.70 and its 200 day moving average price is $14.95.

F.N.B. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date was Monday, March 3rd. F.N.B.’s dividend payout ratio is presently 38.10%.

Insider Transactions at F.N.B.

In other F.N.B. news, Director William B. Campbell bought 3,000 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were acquired 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. The trade was a 1.93 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David L. Motley sold 15,000 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $15.51, for a total value of $232,650.00. Following the completion of the transaction, the director now owns 65,344 shares in the company, valued at approximately $1,013,485.44. This trade represents a 18.67 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.03% of the company’s stock.

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.