F.N.B. Co. (NYSE:FNB) Shares Sold by Mindset Wealth Management LLC

Mindset Wealth Management LLC lowered its holdings in F.N.B. Co. (NYSE:FNB) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,333 shares of the bank’s stock after selling 3,596 shares during the period. F.N.B. makes up 0.5% of Mindset Wealth Management LLC’s portfolio, making the stock its 16th biggest position. Mindset Wealth Management LLC’s holdings in F.N.B. were worth $1,232,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. AlphaQuest LLC increased 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 worth $27,000 after acquiring an additional 1,759 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of F.N.B. in the third quarter worth $31,000. Versant Capital Management Inc increased its position in shares of F.N.B. by 100.9% in the fourth quarter. Versant Capital Management Inc now owns 4,011 shares of the bank’s stock worth $59,000 after acquiring an additional 2,014 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in 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 purchasing an additional 1,100 shares in the last quarter. Finally, Sandy Spring Bank acquired a new stake in F.N.B. during the 4th quarter valued at $67,000. Institutional investors and hedge funds own 79.25% of the company’s stock.

Analysts Set New Price Targets

FNB has been the subject of a number of recent analyst reports. Piper Sandler lowered their price target on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Raymond James raised their price objective on shares of F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods raised their price objective on shares of F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. DA Davidson raised their price objective on shares of F.N.B. from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Finally, Wells Fargo & Company decreased 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 report on Monday, January 6th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $18.50.

F.N.B. Trading Down 1.3 %

Shares of NYSE:FNB opened at $13.54 on Friday. The company has a market cap of $4.87 billion, a PE ratio of 10.74, a P/E/G ratio of 3.60 and a beta of 0.98. The company’s 50-day moving average price is $14.86 and its 200 day moving average price is $14.98. F.N.B. Co. has a fifty-two week low of $12.49 and a fifty-two 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. Dividend Announcement

The business also recently announced 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. The ex-dividend date was Monday, March 3rd. This represents a $0.48 annualized dividend and a yield of 3.55%. F.N.B.’s payout ratio is 38.10%.

Insider Buying and Selling at F.N.B.

In related news, Director William B. Campbell bought 3,000 shares of the stock in a transaction on Wednesday, February 5th. The shares were purchased at an average price of $15.57 per share, with a total value of $46,710.00. Following the purchase, the director now owns 158,834 shares in the company, valued at approximately $2,473,045.38. This represents a 1.93 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David L. Motley sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $15.51, for a total transaction of $232,650.00. Following the transaction, the director now directly owns 65,344 shares in the company, valued at approximately $1,013,485.44. The trade was a 18.67 % decrease in their position. The disclosure for this sale can be found here. 1.03% of the stock is owned by corporate insiders.

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.