Choreo LLC Reduces Stock Holdings in F.N.B. Co. (NYSE:FNB)

Choreo LLC reduced its stake in F.N.B. Co. (NYSE:FNB) by 2.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 195,910 shares of the bank’s stock after selling 3,995 shares during the period. Choreo LLC’s holdings in F.N.B. were worth $2,890,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. acquired a new stake in shares of F.N.B. in the third quarter valued at approximately $28,000. Brooklyn Investment Group acquired a new stake in shares of F.N.B. in the third quarter valued at approximately $31,000. Richardson Financial Services Inc. boosted its holdings in shares of F.N.B. by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock valued at $41,000 after acquiring an additional 1,473 shares during the period. UMB Bank n.a. boosted its holdings in shares of F.N.B. by 82.3% in the third quarter. UMB Bank n.a. now owns 3,687 shares of the bank’s stock valued at $52,000 after acquiring an additional 1,665 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in shares of F.N.B. by 100.9% in the fourth quarter. Versant Capital Management Inc now owns 4,011 shares of the bank’s stock valued at $59,000 after acquiring an additional 2,014 shares during the period. 79.25% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was 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 in the company, valued at $27,261,778.50. This trade represents a 7.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William B. Campbell purchased 3,000 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was purchased at an average price of $15.57 per share, with a total value of $46,710.00. Following the transaction, the director now 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 company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on FNB shares. Raymond James increased their price objective on F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. DA Davidson increased their price objective on F.N.B. from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Stephens increased their price target on F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Piper Sandler decreased their price target on F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Finally, StockNews.com raised F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, F.N.B. has an average rating of “Moderate Buy” and an average price target of $18.50.

F.N.B. Trading Up 1.6 %

NYSE:FNB opened at $15.93 on Friday. The stock has a fifty day moving average price of $15.44 and a two-hundred day moving average price of $14.97. The stock has a market capitalization of $5.73 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 3.74 and a beta of 1.01. 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. Co. has a 1 year low of $12.49 and a 1 year high of $17.70.

F.N.B. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend is Monday, March 3rd. F.N.B.’s payout ratio is 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.