Securian Asset Management Inc. Sells 776 Shares of F.N.B. Co. (NYSE:FNB)

Securian Asset Management Inc. reduced its stake in F.N.B. Co. (NYSE:FNB) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,184 shares of the bank’s stock after selling 776 shares during the period. Securian Asset Management Inc.’s holdings in F.N.B. were worth $402,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. PL Capital Advisors LLC bought a new position in F.N.B. in the fourth quarter worth about $308,616,000. State Street Corp raised its stake in F.N.B. by 1.9% in the third quarter. State Street Corp now owns 15,185,397 shares of the bank’s stock worth $214,266,000 after buying an additional 278,825 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of F.N.B. by 2.6% during the third quarter. Principal Financial Group Inc. now owns 4,952,429 shares of the bank’s stock valued at $69,879,000 after purchasing an additional 127,516 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of F.N.B. by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,940,425 shares of the bank’s stock valued at $58,239,000 after purchasing an additional 51,862 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of F.N.B. during the fourth quarter valued at approximately $15,801,000. 79.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on FNB. Raymond James raised their target price on shares of F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. DA Davidson raised their target price on shares of F.N.B. from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Piper Sandler decreased their target price on shares of 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 decreased their target price on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Finally, Keefe, Bruyette & Woods raised their target price on shares of 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 investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, F.N.B. currently has a consensus rating of “Moderate Buy” and an average target price of $18.50.

Insider Buying and Selling

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

F.N.B. Price Performance

Shares of FNB opened at $13.61 on Wednesday. The company has a market capitalization of $4.90 billion, a P/E ratio of 10.80, a price-to-earnings-growth 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 firm has a 50 day moving average of $14.90 and a 200 day moving average of $15.00. F.N.B. Co. has a twelve month low of $12.49 and a twelve month high of $17.70.

F.N.B. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.53%. The ex-dividend date was 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.