Trust Co of the South Sells 1,456 Shares of F.N.B. Co. (NYSE:FNB)

Trust Co of the South cut its holdings in shares of F.N.B. Co. (NYSE:FNB) by 1.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,518 shares of the bank’s stock after selling 1,456 shares during the quarter. Trust Co of the South’s holdings in F.N.B. were worth $1,264,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FNB. CWM LLC raised its holdings in F.N.B. by 0.4% during the third quarter. CWM LLC now owns 379,995 shares of the bank’s stock worth $5,362,000 after acquiring an additional 1,527 shares in the last quarter. Jane Street Group LLC raised its stake in shares of F.N.B. by 780.7% during the 3rd quarter. Jane Street Group LLC now owns 357,057 shares of the bank’s stock worth $5,038,000 after purchasing an additional 316,515 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of F.N.B. by 6.6% in the 3rd quarter. Stifel Financial Corp now owns 28,669 shares of the bank’s stock valued at $405,000 after buying an additional 1,768 shares during the last quarter. Petiole USA ltd raised its position in F.N.B. by 48.1% during the third quarter. Petiole USA ltd now owns 175,421 shares of the bank’s stock worth $2,475,000 after acquiring an additional 57,000 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in F.N.B. in the third quarter valued at $447,000. 79.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 1,652,229 shares in the company, valued at approximately $27,261,778.50. This represents a 7.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.22% of the company’s stock.

F.N.B. Stock Performance

Shares of F.N.B. stock traded down $0.23 during trading on Thursday, reaching $14.55. The company’s stock had a trading volume of 1,062,533 shares, compared to its average volume of 2,236,827. F.N.B. Co. has a 52 week low of $12.49 and a 52 week high of $17.70. The firm has a market cap of $5.23 billion, a PE ratio of 13.35 and a beta of 0.99. The business’s 50-day moving average price is $15.77 and its 200-day moving average price is $14.70. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.40.

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

F.N.B. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend was Monday, December 2nd. F.N.B.’s dividend payout ratio is presently 44.04%.

Wall Street Analyst Weigh In

FNB has been the topic of a number of research analyst reports. Raymond James upped their target price 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. Wells Fargo & Company raised their price objective on F.N.B. from $16.00 to $19.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Piper Sandler reissued an “overweight” rating on shares of F.N.B. in a report on Friday, October 18th. Stephens raised their price target on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Finally, Keefe, Bruyette & Woods increased their price objective on shares of F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.67.

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.