F.N.B. Co. (NYSE:FNB) CEO Vincent J. Delie, Jr. Sells 125,000 Shares

F.N.B. Co. (NYSE:FNB) CEO Vincent J. Delie, Jr. sold 125,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 1,652,229 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

F.N.B. Stock Down 2.1 %

Shares of FNB opened at $16.21 on Tuesday. The firm has a 50 day simple moving average of $15.42 and a two-hundred day simple moving average of $14.49. The company has a market cap of $5.83 billion, a P/E ratio of 14.87 and a beta of 0.99. F.N.B. Co. has a one year low of $12.49 and a one year high of $17.70. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.92.

F.N.B. (NYSE:FNB) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The business had revenue of $413.02 million for the quarter, compared to analyst estimates of $409.80 million. F.N.B. had a return on equity of 8.49% and a net margin of 16.29%. Research analysts forecast that F.N.B. Co. will post 1.34 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd will be given a $0.12 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 2.96%. F.N.B.’s dividend payout ratio is currently 44.04%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on FNB shares. Stephens upped their price objective on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Keefe, Bruyette & Woods lifted their price target on shares of F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Wells Fargo & Company boosted their price target on F.N.B. from $16.00 to $19.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Raymond James lifted 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. Finally, StockNews.com raised F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, F.N.B. presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.67.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers grew its position in F.N.B. by 48.2% during the 1st quarter. Cetera Investment Advisers now owns 128,089 shares of the bank’s stock worth $1,806,000 after acquiring an additional 41,665 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of F.N.B. by 113.8% during the second quarter. GAMMA Investing LLC now owns 3,314 shares of the bank’s stock worth $45,000 after purchasing an additional 1,764 shares during the period. SG Americas Securities LLC bought a new stake in shares of F.N.B. in the second quarter worth $920,000. Diversified Trust Co grew its stake in shares of F.N.B. by 4.9% in the second quarter. Diversified Trust Co now owns 16,852 shares of the bank’s stock worth $231,000 after purchasing an additional 789 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in F.N.B. by 9.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 40,687 shares of the bank’s stock valued at $557,000 after purchasing an additional 3,441 shares during the period. 79.25% of the stock is currently owned by institutional investors and hedge funds.

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.