Insider Selling: F.N.B. Co. (NYSE:FNB) CEO Sells $2,062,500.00 in Stock

F.N.B. Co. (NYSE:FNB) CEO Vincent J. Delie, Jr. sold 125,000 shares of F.N.B. stock in a transaction dated Friday, December 6th. The shares were 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 owns 1,652,229 shares of the company’s stock, valued at approximately $27,261,778.50. This represents a 7.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

F.N.B. Stock Performance

Shares of FNB opened at $16.30 on Thursday. The stock has a 50 day moving average price of $15.53 and a 200 day moving average price of $14.52. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of 14.95 and a beta of 0.99. F.N.B. Co. has a 52-week low of $12.49 and a 52-week high of $17.70.

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

F.N.B. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Monday, December 2nd. F.N.B.’s dividend payout ratio (DPR) is presently 44.04%.

Analysts Set New Price Targets

FNB has been the subject of several research reports. StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Keefe, Bruyette & Woods upped their price target on 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. Stephens upped their price target 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. Piper Sandler restated an “overweight” rating on shares of F.N.B. in a research report on Friday, October 18th. Finally, Wells Fargo & Company upped their price target 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. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.67.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FNB. Cetera Investment Advisers raised its position in F.N.B. by 48.2% in the first quarter. Cetera Investment Advisers now owns 128,089 shares of the bank’s stock worth $1,806,000 after acquiring an additional 41,665 shares in the last quarter. GAMMA Investing LLC grew its holdings in F.N.B. by 113.8% in the second quarter. GAMMA Investing LLC now owns 3,314 shares of the bank’s stock valued at $45,000 after purchasing an additional 1,764 shares during the last quarter. SG Americas Securities LLC acquired a new stake in F.N.B. in the second quarter valued at $920,000. Diversified Trust Co grew its holdings in F.N.B. by 4.9% in the second quarter. Diversified Trust Co now owns 16,852 shares of the bank’s stock valued at $231,000 after purchasing an additional 789 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in F.N.B. by 9.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 40,687 shares of the bank’s stock valued at $557,000 after purchasing an additional 3,441 shares during the last quarter. Hedge funds and other institutional investors own 79.25% of the company’s stock.

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.