Inspire Investing LLC Has $402,000 Stock Holdings in F.N.B. Co. (NYSE:FNB)

Inspire Investing LLC lowered its holdings in shares of F.N.B. Co. (NYSE:FNB) by 7.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,212 shares of the bank’s stock after selling 2,107 shares during the period. Inspire Investing LLC’s holdings in F.N.B. were worth $402,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Kathleen S. Wright Associates Inc. acquired a new position in F.N.B. during the third quarter worth about $28,000. Brooklyn Investment Group bought a new stake in shares of F.N.B. during the 3rd quarter valued at approximately $31,000. Richardson Financial Services Inc. increased its position in F.N.B. by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock worth $41,000 after purchasing an additional 1,473 shares in the last quarter. UMB Bank n.a. lifted its stake in F.N.B. by 82.3% in the 3rd quarter. UMB Bank n.a. now owns 3,687 shares of the bank’s stock valued at $52,000 after purchasing an additional 1,665 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in 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 buying an additional 2,014 shares in the last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 1,652,229 shares of the company’s stock, valued at $27,261,778.50. The trade was a 7.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.03% of the company’s stock.

F.N.B. Stock Up 0.1 %

F.N.B. stock opened at $15.53 on Friday. The firm has a 50 day moving average price of $15.66 and a two-hundred day moving average price of $14.91. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.92 and a current ratio of 0.94. F.N.B. Co. has a 52-week low of $12.49 and a 52-week high of $17.70. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 4.80 and a beta of 1.01.

F.N.B. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd were given a dividend of $0.12 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 3.09%. F.N.B.’s dividend payout ratio (DPR) is currently 38.10%.

Wall Street Analysts Forecast Growth

FNB has been the subject of several research analyst reports. Piper Sandler lowered their price target 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. StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Keefe, Bruyette & Woods boosted their price target on F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Wells Fargo & Company 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 Monday, January 6th. Finally, DA Davidson upped their price target on shares of F.N.B. from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.50.

About F.N.B.

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.