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

F.N.B. Co. (NYSE:FNB) Director William B. Campbell acquired 3,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was acquired at an average price of $15.57 per share, for a total transaction of $46,710.00. Following the transaction, the director now directly owns 158,834 shares of the company’s stock, valued at $2,473,045.38. This represents a 1.93 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

F.N.B. Stock Performance

Shares of NYSE:FNB traded up $0.22 on Thursday, hitting $15.90. 1,373,983 shares of the company were exchanged, compared to its average volume of 2,673,690. The stock’s 50 day moving average price is $15.46 and its 200 day moving average price is $14.97. The firm has a market capitalization of $5.72 billion, a P/E ratio of 12.61, a price-to-earnings-growth ratio of 3.74 and a beta of 1.01. F.N.B. Co. has a 1-year low of $12.49 and a 1-year high of $17.70. 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. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.02%. The ex-dividend date is Monday, March 3rd. F.N.B.’s payout ratio is 38.10%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Piper Sandler lowered their price target on F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Raymond James boosted their price objective 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. StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. 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. Finally, Wells Fargo & Company lowered their price target on F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.50.

Institutional Trading of F.N.B.

A number of institutional investors and hedge funds have recently modified their holdings of FNB. Savant Capital LLC raised its stake in F.N.B. by 1.4% during the fourth quarter. Savant Capital LLC now owns 52,065 shares of the bank’s stock worth $770,000 after purchasing an additional 708 shares during the period. Signaturefd LLC grew its position in F.N.B. by 16.7% in the third quarter. Signaturefd LLC now owns 5,592 shares of the bank’s stock worth $79,000 after acquiring an additional 799 shares during the period. Hancock Whitney Corp grew its holdings in shares of F.N.B. by 0.8% during the 3rd quarter. Hancock Whitney Corp now owns 121,945 shares of the bank’s stock worth $1,721,000 after purchasing an additional 947 shares during the period. Bill Few Associates Inc. increased its position in shares of F.N.B. by 1.1% during the 4th quarter. Bill Few Associates Inc. now owns 92,332 shares of the bank’s stock worth $1,365,000 after purchasing an additional 1,023 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in F.N.B. by 2.2% in the 2nd quarter. Bank of Montreal Can now owns 47,679 shares of the bank’s stock valued at $653,000 after buying an additional 1,040 shares during the period. Hedge funds and other institutional investors own 79.25% of the company’s stock.

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.