F.N.B. Co. (NYSE:FNB) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers reduced its position in shares of F.N.B. Co. (NYSE:FNB) by 8.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 122,982 shares of the bank’s stock after selling 11,857 shares during the period. Cetera Investment Advisers’ holdings in F.N.B. were worth $1,818,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Prudential Financial Inc. increased its position in shares of F.N.B. by 51.1% during the fourth quarter. Prudential Financial Inc. now owns 112,920 shares of the bank’s stock valued at $1,669,000 after acquiring an additional 38,180 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position 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 acquiring an additional 51,862 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of F.N.B. by 40.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,701 shares of the bank’s stock valued at $84,000 after acquiring an additional 1,631 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of F.N.B. during the fourth quarter valued at about $386,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of F.N.B. during the fourth quarter valued at about $15,801,000. 79.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at F.N.B.

In related news, Director David L. Motley sold 15,000 shares of the company’s stock in a transaction 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Piper Sandler dropped their price objective on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. DA Davidson restated a “buy” rating and issued a $19.00 price objective on shares of F.N.B. in a report on Thursday, April 17th. Wells Fargo & Company dropped their price objective on shares of F.N.B. from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. Truist Financial initiated coverage on shares of F.N.B. in a report on Tuesday, May 13th. They issued a “buy” rating and a $16.50 price objective for the company. Finally, Keefe, Bruyette & Woods upgraded shares of F.N.B. from a “market perform” rating to an “outperform” rating and set a $16.50 price target for the company in a report on Monday, April 21st. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $17.57.

F.N.B. Stock Down 0.4%

Shares of NYSE:FNB opened at $14.37 on Tuesday. The company has a market capitalization of $5.17 billion, a PE ratio of 11.40, a P/E/G ratio of 3.60 and a beta of 0.88. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48. F.N.B. Co. has a twelve month low of $10.88 and a twelve month high of $17.70. The firm has a 50 day simple moving average of $13.19 and a 200-day simple moving average of $14.66.

F.N.B. (NYSE:FNB) last issued its quarterly earnings data on Wednesday, April 16th. The bank reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.02. The business had revenue of $411.61 million during the quarter, compared to the consensus estimate of $409.52 million. F.N.B. had a net margin of 18.12% and a return on equity of 8.30%. During the same quarter in the previous year, the firm earned $0.34 EPS. On average, equities analysts predict that F.N.B. Co. will post 1.45 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.12 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.48 annualized dividend and a dividend yield of 3.34%. 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.