Vincent J. Delie, Jr. Sells 125,000 Shares of F.N.B. Co. (NYSE:FNB) Stock

F.N.B. Co. (NYSE:FNB) CEO Vincent J. Delie, Jr. sold 125,000 shares of the business’s 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 represents a 7.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

F.N.B. Stock Performance

Shares of FNB opened at $16.16 on Wednesday. The company’s 50 day moving average price is $15.47 and its 200 day moving average price is $14.51. F.N.B. Co. has a 52 week low of $12.49 and a 52 week high of $17.70. The company has a market capitalization of $5.81 billion, a PE ratio of 14.83 and a beta of 0.99. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 0.93.

F.N.B. (NYSE:FNB) last announced its quarterly earnings data on Thursday, October 17th. The bank reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The company had revenue of $413.02 million for the quarter, compared to analysts’ expectations of $409.80 million. F.N.B. had a net margin of 16.29% and a return on equity of 8.49%. Research analysts expect that F.N.B. Co. will post 1.34 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.97%. The ex-dividend date is Monday, December 2nd. F.N.B.’s dividend payout ratio is 44.04%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on FNB shares. Piper Sandler restated an “overweight” rating on shares of F.N.B. in a report on Friday, October 18th. Wells Fargo & Company boosted their price target on shares of F.N.B. from $16.00 to $19.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Stephens boosted their price target on shares of F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, October 21st. StockNews.com upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Finally, Raymond James boosted 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. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, F.N.B. currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.67.

Institutional Trading of F.N.B.

Large investors have recently added to or reduced their stakes in the business. Kathleen S. Wright Associates Inc. bought a new stake in F.N.B. in the third quarter worth approximately $28,000. Brooklyn Investment Group bought a new stake in F.N.B. in the third quarter worth approximately $31,000. Richardson Financial Services Inc. grew its position in F.N.B. by 100.0% in the third 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. GAMMA Investing LLC grew its position in F.N.B. by 113.8% in the second quarter. GAMMA Investing LLC now owns 3,314 shares of the bank’s stock worth $45,000 after acquiring an additional 1,764 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of F.N.B. by 82.3% during the 3rd quarter. UMB Bank n.a. now owns 3,687 shares of the bank’s stock worth $52,000 after buying an additional 1,665 shares during the period. 79.25% of the stock is owned by institutional investors.

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.