F.N.B. Co. (NYSE:FNB) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lowered its stake in F.N.B. Co. (NYSE:FNB) by 7.0% during the fourth quarter, HoldingsChannel reports. The firm owned 13,905,280 shares of the bank’s stock after selling 1,052,152 shares during the quarter. American Century Companies Inc.’s holdings in F.N.B. were worth $205,520,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. AlphaQuest LLC increased its holdings 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 valued at $27,000 after purchasing an additional 1,759 shares during the period. Brooklyn Investment Group purchased a new stake in F.N.B. during the third quarter worth $31,000. Versant Capital Management Inc boosted its position in F.N.B. by 100.9% during the fourth quarter. Versant Capital Management Inc now owns 4,011 shares of the bank’s stock worth $59,000 after purchasing an additional 2,014 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in F.N.B. by 31.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank’s stock worth $65,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Sandy Spring Bank purchased a new stake in shares of F.N.B. in the fourth quarter valued at $67,000. Institutional investors and hedge funds own 79.25% of the company’s stock.

Analyst Ratings Changes

FNB has been the topic of several recent research reports. Wells Fargo & Company reduced their price objective on F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Piper Sandler dropped their price target 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. DA Davidson increased their target price on F.N.B. from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods increased 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. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $18.50.

Insider Transactions at F.N.B.

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

F.N.B. Stock Performance

FNB opened at $13.55 on Friday. The firm has a market cap of $4.87 billion, a PE ratio of 10.75, a P/E/G ratio of 3.60 and a beta of 0.98. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.48. The business has a fifty day simple moving average of $14.84 and a 200-day simple moving average of $14.97. F.N.B. Co. has a fifty-two week low of $12.49 and a fifty-two week high of $17.70.

F.N.B. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were given a $0.12 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.48 annualized dividend and a dividend yield of 3.54%. F.N.B.’s dividend payout ratio (DPR) is presently 38.10%.

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.