Hancock Whitney Corp Sells 56,992 Shares of F.N.B. Co. (NYSE:FNB)

Hancock Whitney Corp decreased its stake in F.N.B. Co. (NYSE:FNB) by 46.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,953 shares of the bank’s stock after selling 56,992 shares during the quarter. Hancock Whitney Corp’s holdings in F.N.B. were worth $960,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Oak Thistle LLC boosted its position in F.N.B. by 117.7% in the fourth quarter. Oak Thistle LLC now owns 95,737 shares of the bank’s stock valued at $1,415,000 after buying an additional 51,763 shares in the last quarter. Prudential Financial Inc. boosted its holdings in F.N.B. by 51.1% during the fourth quarter. Prudential Financial Inc. now owns 112,920 shares of the bank’s stock worth $1,669,000 after buying an additional 38,180 shares during the last quarter. Stifel Financial Corp grew its holdings in F.N.B. by 6.6% during the third quarter. Stifel Financial Corp now owns 28,669 shares of the bank’s stock valued at $405,000 after purchasing an additional 1,768 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of F.N.B. by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,940,425 shares of the bank’s stock valued at $58,239,000 after buying an additional 51,862 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in F.N.B. by 40.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 5,701 shares of the bank’s stock valued at $84,000 after acquiring an additional 1,631 shares during the period. 79.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wells Fargo & Company lowered their price objective on shares of F.N.B. from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th. Piper Sandler cut their price target 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 Thursday, January 23rd. DA Davidson restated a “buy” rating and issued a $19.00 price objective on shares of F.N.B. in a report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods raised F.N.B. from a “market perform” rating to an “outperform” rating and set a $16.50 price target for the company in a research report on Monday, April 21st. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.75.

F.N.B. Price Performance

Shares of FNB opened at $13.30 on Friday. The company’s 50-day moving average is $13.32 and its 200-day moving average is $14.72. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $4.78 billion, a PE ratio of 10.56, a PEG ratio of 3.60 and a beta of 0.86. F.N.B. Co. has a fifty-two week low of $10.88 and a fifty-two week high of $17.70.

F.N.B. (NYSE:FNB) last released its quarterly earnings results on Wednesday, April 16th. The bank reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. F.N.B. had a net margin of 18.12% and a return on equity of 8.30%. The firm had revenue of $411.61 million for the quarter, compared to analysts’ expectations of $409.52 million. During the same period in the prior year, the firm earned $0.34 EPS. Equities analysts forecast that F.N.B. Co. will post 1.45 EPS for the current year.

F.N.B. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were paid a $0.12 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.48 annualized dividend and a yield of 3.61%. F.N.B.’s dividend payout ratio (DPR) is presently 38.10%.

Insider Buying and Selling at F.N.B.

In other F.N.B. news, Director William B. Campbell purchased 3,000 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was bought at an average cost of $15.57 per share, for a total transaction of $46,710.00. Following the completion of the transaction, the director now owns 158,834 shares in the company, valued at approximately $2,473,045.38. This represents a 1.93 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director David L. Motley sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $15.51, for a total value of $232,650.00. Following the completion of the sale, the director now owns 65,344 shares of the company’s stock, valued at approximately $1,013,485.44. This trade represents a 18.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.37% of the company’s stock.

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.