Barlow Wealth Partners Inc. Cuts Position in F.N.B. Co. (NYSE:FNB)

Barlow Wealth Partners Inc. trimmed its holdings in shares of F.N.B. Co. (NYSE:FNB) by 15.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 17,465 shares of the bank’s stock after selling 3,268 shares during the period. 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 hedge funds have also recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC raised its stake in F.N.B. by 17.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 30,463 shares of the bank’s stock valued at $417,000 after buying an additional 4,574 shares during the last quarter. Sei Investments Co. boosted its stake in F.N.B. by 1.8% in the 2nd quarter. Sei Investments Co. now owns 1,365,518 shares of the bank’s stock worth $18,680,000 after purchasing an additional 24,474 shares in the last quarter. Bank of Montreal Can grew its position in F.N.B. by 2.2% during the 2nd quarter. Bank of Montreal Can now owns 47,679 shares of the bank’s stock valued at $653,000 after purchasing an additional 1,040 shares during the last quarter. AQR Capital Management LLC increased its stake in F.N.B. by 181.6% during the 2nd quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank’s stock valued at $41,045,000 after purchasing an additional 1,964,884 shares in the last quarter. Finally, Deerfield Management Company L.P. Series C bought a new stake in F.N.B. during the 2nd quarter valued at about $266,000. 79.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FNB has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods increased their price target on shares of F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Piper Sandler restated an “overweight” rating on shares of F.N.B. in a research note on Friday, October 18th. Stephens increased their price objective on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, Wells Fargo & Company decreased their target price 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 analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $18.00.

F.N.B. Stock Up 2.3 %

FNB stock opened at $15.97 on Wednesday. The business’s 50-day moving average is $15.72 and its two-hundred day moving average is $14.88. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 14.65, a P/E/G ratio of 4.82 and a beta of 1.01. 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 debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 0.93.

F.N.B. Announces Dividend

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

Insider Activity at F.N.B.

In related 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 sale, the chief executive officer now owns 1,652,229 shares of the company’s stock, valued at $27,261,778.50. This represents a 7.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.22% of the stock is owned by corporate insiders.

F.N.B. 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.