Stieven Capital Advisors L.P. Boosts Stake in F.N.B. Co. (NYSE:FNB)

Stieven Capital Advisors L.P. raised its holdings in F.N.B. Co. (NYSE:FNB) by 8.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 823,591 shares of the bank’s stock after acquiring an additional 60,900 shares during the period. F.N.B. makes up 2.2% of Stieven Capital Advisors L.P.’s investment portfolio, making the stock its 21st largest position. Stieven Capital Advisors L.P.’s holdings in F.N.B. were worth $12,173,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of FNB. Brooklyn Investment Group bought a new position in shares of F.N.B. in the third quarter worth approximately $31,000. Richardson Financial Services Inc. increased its holdings in shares of F.N.B. by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock worth $41,000 after buying an additional 1,473 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of F.N.B. by 100.9% during the 4th quarter. Versant Capital Management Inc now owns 4,011 shares of the bank’s stock worth $59,000 after acquiring an additional 2,014 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in F.N.B. by 31.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank’s stock worth $65,000 after acquiring an additional 1,100 shares in the last quarter. Finally, R Squared Ltd bought a new position in F.N.B. in the fourth quarter valued at $69,000. Institutional investors own 79.25% of the company’s stock.

Insider Activity

In related news, Director William B. Campbell acquired 3,000 shares of F.N.B. stock in a transaction on Wednesday, February 5th. The shares were acquired at an average cost of $15.57 per share, with a total value of $46,710.00. Following the transaction, the director now owns 158,834 shares in the company, valued at $2,473,045.38. This trade represents a 1.93 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Vincent J. Delie, Jr. sold 125,000 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $16.50, for a total transaction of $2,062,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,652,229 shares of the company’s stock, valued at approximately $27,261,778.50. This represents a 7.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. DA Davidson lifted their price target on F.N.B. from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods upped their target price on F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Raymond James lifted their price target on shares of F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Piper Sandler cut 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 research note on Thursday, January 23rd. Finally, Wells Fargo & Company decreased their target price on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.50.

F.N.B. Stock Up 0.0 %

Shares of NYSE FNB opened at $15.43 on Friday. The firm’s fifty day moving average is $15.29 and its 200 day moving average is $14.99. F.N.B. Co. has a 52 week low of $12.49 and a 52 week high of $17.70. 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 company has a market cap of $5.55 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 3.80 and a beta of 1.01.

F.N.B. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Monday, March 3rd. F.N.B.’s dividend payout ratio (DPR) is 38.10%.

F.N.B. 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.