F.N.B. Co. (NYSE:FNB) Stock Holdings Trimmed by Shell Asset Management Co.

Posted by Defense World Staff on Mar 2nd, 2023

Shell Asset Management Co. lowered its holdings in shares of F.N.B. Co. (NYSE:FNB – Get Rating) by 11.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,854 shares of the bank’s stock after selling 1,317 shares during the period. Shell Asset Management Co.’s holdings in F.N.B. were worth $114,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. First Command Bank acquired a new stake in shares of F.N.B. during the second quarter worth $27,000. IFP Advisors Inc grew its stake in F.N.B. by 196.0% in the third quarter. IFP Advisors Inc now owns 2,451 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,623 shares in the last quarter. TCI Wealth Advisors Inc. grew its stake in F.N.B. by 72.8% in the third quarter. TCI Wealth Advisors Inc. now owns 2,645 shares of the bank’s stock valued at $31,000 after purchasing an additional 1,114 shares in the last quarter. Old North State Trust LLC purchased a new position in F.N.B. in the third quarter valued at about $39,000. Finally, Bessemer Group Inc. bought a new stake in shares of F.N.B. during the 3rd quarter worth about $52,000. Institutional investors own 76.07% of the company’s stock.

Insider Transactions at F.N.B.

In other news, Director William B. Campbell acquired 1,900 shares of the stock in a transaction on Thursday, January 26th. The stock was acquired at an average cost of $13.49 per share, for a total transaction of $25,631.00. Following the completion of the transaction, the director now directly owns 127,619 shares in the company, valued at $1,721,580.31. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director William B. Campbell bought 1,900 shares of the firm’s stock in a transaction on Thursday, January 26th. The shares were purchased at an average price of $13.49 per share, with a total value of $25,631.00. Following the completion of the purchase, the director now owns 127,619 shares in the company, valued at approximately $1,721,580.31. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Gary L. Guerrieri sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $14.61, for a total transaction of $73,050.00. Following the sale, the insider now directly owns 89,317 shares in the company, valued at approximately $1,304,921.37. The disclosure for this sale can be found here. Corporate insiders own 0.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FNB. Wells Fargo & Company boosted their price objective on F.N.B. from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, December 15th. Keefe, Bruyette & Woods cut F.N.B. from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $16.00 to $15.50 in a report on Monday, December 12th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $15.30.

F.N.B. Stock Performance

Shares of F.N.B. stock opened at $14.34 on Thursday. The stock’s fifty day simple moving average is $13.72 and its 200 day simple moving average is $13.21. F.N.B. Co. has a 12 month low of $10.48 and a 12 month high of $14.71. The company has a market capitalization of $5.17 billion, a PE ratio of 11.85 and a beta of 1.10. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.20.

F.N.B. (NYSE:FNB – Get Rating) last announced its quarterly earnings data on Tuesday, January 24th. The bank reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.02. F.N.B. had a return on equity of 9.28% and a net margin of 27.30%. The company had revenue of $488.50 million during the quarter, compared to analysts’ expectations of $396.26 million. During the same quarter last year, the company earned $0.30 EPS. On average, research analysts predict that F.N.B. Co. will post 1.63 EPS for the current year.

F.N.B. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Friday, March 3rd will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Thursday, March 2nd. F.N.B.’s dividend payout ratio is presently 39.67%.

F.N.B. Company Profile

(Get Rating)

F.N.B. Corp. is a financial holding company. It engages in the provision of financial services to consumers, corporations, governments, and small to medium-sized businesses. The firm operates through the following segments: Community Banking, Wealth Management, Insurance, and Other. The Community Banking segment includes commercial and consumer banking services.