Connable Office Inc. Sells 933 Shares of F.N.B. Co. (NYSE:FNB)

Connable Office Inc. lowered its position in shares of F.N.B. Co. (NYSE:FNB) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,894 shares of the bank’s stock after selling 933 shares during the period. Connable Office Inc.’s holdings in F.N.B. were worth $427,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FNB. Fisher Asset Management LLC lifted its stake in shares of F.N.B. by 583.5% in the 4th quarter. Fisher Asset Management LLC now owns 666,990 shares of the bank’s stock valued at $9,858,000 after acquiring an additional 569,409 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of F.N.B. in the 4th quarter valued at about $177,000. PL Capital Advisors LLC bought a new stake in shares of F.N.B. in the 4th quarter valued at about $20,881,000. Wealthspire Advisors LLC lifted its stake in shares of F.N.B. by 6.8% in the 4th quarter. Wealthspire Advisors LLC now owns 19,400 shares of the bank’s stock valued at $287,000 after acquiring an additional 1,230 shares during the last quarter. Finally, Good Life Advisors LLC bought a new position in F.N.B. during the 4th quarter valued at approximately $156,000. Institutional investors own 79.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on FNB. 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. Wells Fargo & Company lowered their price target 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. DA Davidson upped their price target on F.N.B. from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Raymond James upped their price target on F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Finally, Piper Sandler lowered their price target on F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, F.N.B. currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.50.

Insider Activity at F.N.B.

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

F.N.B. Stock Up 1.2 %

Shares of NYSE:FNB opened at $14.83 on Friday. F.N.B. Co. has a 52-week low of $12.49 and a 52-week high of $17.70. The firm has a market capitalization of $5.33 billion, a P/E ratio of 11.77, a P/E/G ratio of 3.60 and a beta of 1.01. The stock has a 50 day moving average price of $15.18 and a 200-day moving average price of $15.05. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 0.94.

F.N.B. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Monday, March 3rd. F.N.B.’s dividend payout ratio is currently 38.10%.

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.