Stieven Capital Advisors L.P. Acquires 60,900 Shares of F.N.B. Co. (NYSE:FNB)

Stieven Capital Advisors L.P. grew its stake in shares of F.N.B. Co. (NYSE:FNB) by 8.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 823,591 shares of the bank’s stock after purchasing an additional 60,900 shares during the period. F.N.B. comprises approximately 2.2% of Stieven Capital Advisors L.P.’s portfolio, making the stock its 21st biggest position. Stieven Capital Advisors L.P. owned about 0.23% of F.N.B. worth $12,173,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Congress Asset Management Co. raised its position in F.N.B. by 4.7% in the 4th quarter. Congress Asset Management Co. now owns 168,344 shares of the bank’s stock valued at $2,488,000 after buying an additional 7,570 shares during the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of F.N.B. in the 4th quarter worth $863,000. Savant Capital LLC raised its holdings in shares of F.N.B. by 1.4% in the fourth quarter. Savant Capital LLC now owns 52,065 shares of the bank’s stock valued at $770,000 after purchasing an additional 708 shares during the last quarter. Empowered Funds LLC bought a new position in shares of F.N.B. during the fourth quarter valued at about $156,000. Finally, GHP Investment Advisors Inc. boosted its holdings in F.N.B. by 1.3% during the fourth quarter. GHP Investment Advisors Inc. now owns 103,496 shares of the bank’s stock worth $1,530,000 after purchasing an additional 1,278 shares during the last quarter. 79.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on FNB. StockNews.com upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Raymond James lifted their price target on F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Piper Sandler reduced their price objective on F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Wells Fargo & Company lowered their target price on F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Finally, Stephens increased their price target on shares of F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, F.N.B. has a consensus rating of “Moderate Buy” and an average price target of $18.50.

Insider Transactions at F.N.B.

In other news, CEO Vincent J. Delie, Jr. sold 125,000 shares of F.N.B. stock in a transaction on Friday, December 6th. The stock was sold at an average price of $16.50, for a total value 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. The trade was a 7.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William B. Campbell acquired 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were bought at an average cost of $15.57 per share, for a total transaction of $46,710.00. Following the acquisition, the director now directly owns 158,834 shares in the company, valued at $2,473,045.38. This represents a 1.93 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.03% of the company’s stock.

F.N.B. Stock Up 0.0 %

Shares of NYSE FNB opened at $15.43 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $5.55 billion, a PE ratio of 12.24, a P/E/G ratio of 3.80 and a beta of 1.01. F.N.B. Co. has a one year low of $12.49 and a one year high of $17.70. The business’s fifty day moving average price is $15.29 and its 200-day moving average price is $14.99.

F.N.B. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.48 dividend on an annualized basis and a yield of 3.11%. F.N.B.’s dividend payout ratio is presently 38.10%.

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.