Barlow Wealth Partners Inc. Trims Holdings in F.N.B. Co. (NYSE:FNB)

Barlow Wealth Partners Inc. trimmed its stake in shares of F.N.B. Co. (NYSE:FNB) by 15.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,465 shares of the bank’s stock after selling 3,268 shares during the quarter. Barlow Wealth Partners Inc.’s holdings in F.N.B. were worth $272,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FNB. Kathleen S. Wright Associates Inc. bought a new stake in shares of F.N.B. during the third quarter valued at about $28,000. Brooklyn Investment Group purchased a new position in F.N.B. during the third quarter valued at approximately $31,000. Richardson Financial Services Inc. increased its holdings in F.N.B. by 100.0% during the 3rd 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 during the period. UMB Bank n.a. lifted its stake in F.N.B. by 82.3% in the 3rd quarter. UMB Bank n.a. now owns 3,687 shares of the bank’s stock worth $52,000 after purchasing an additional 1,665 shares in the last quarter. Finally, Versant Capital Management Inc raised 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 buying an additional 2,014 shares in the last quarter. Hedge funds and other institutional investors own 79.25% of the company’s stock.

Insider Transactions at F.N.B.

In related news, CEO Vincent J. Delie, Jr. sold 125,000 shares of F.N.B. stock in a transaction that occurred on Friday, December 6th. The stock was 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 directly owns 1,652,229 shares in the company, valued at $27,261,778.50. The trade was a 7.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on FNB shares. Raymond James lifted their target price on shares of F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Wells Fargo & Company cut 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 research report on Monday, January 6th. Keefe, Bruyette & Woods boosted their target price 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. StockNews.com raised F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Finally, Stephens raised their target price on shares of F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, F.N.B. currently has an average rating of “Moderate Buy” and an average price target of $18.00.

F.N.B. Price Performance

Shares of FNB stock opened at $15.97 on Wednesday. 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. Co. has a fifty-two week low of $12.49 and a fifty-two week high of $17.70. The firm has a market cap of $5.74 billion, a P/E ratio of 14.65, a P/E/G ratio of 4.82 and a beta of 1.01. The business’s 50 day moving average price is $15.72 and its 200-day moving average price is $14.88.

F.N.B. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd were issued a $0.12 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.48 annualized dividend and a yield of 3.01%. F.N.B.’s dividend payout ratio (DPR) is presently 44.04%.

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.