Calamos Wealth Management LLC Acquires Shares of 12,889 F.N.B. Co. (NYSE:FNB)

Calamos Wealth Management LLC bought a new position in F.N.B. Co. (NYSE:FNB) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,889 shares of the bank’s stock, valued at approximately $190,000.

A number of other large investors also recently modified their holdings of FNB. State Street Corp raised its position in F.N.B. by 1.9% in the 3rd quarter. State Street Corp now owns 15,185,397 shares of the bank’s stock worth $214,266,000 after purchasing an additional 278,825 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of F.N.B. by 2.6% in the 3rd quarter. Principal Financial Group Inc. now owns 4,952,429 shares of the bank’s stock valued at $69,879,000 after buying an additional 127,516 shares during the period. Thrivent Financial for Lutherans raised its position in shares of F.N.B. by 2.8% during the third quarter. Thrivent Financial for Lutherans now owns 4,818,228 shares of the bank’s stock worth $67,986,000 after acquiring an additional 130,972 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of F.N.B. by 6.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,888,563 shares of the bank’s stock valued at $54,868,000 after acquiring an additional 218,511 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in F.N.B. by 1.1% in the third quarter. Wellington Management Group LLP now owns 1,044,815 shares of the bank’s stock valued at $14,742,000 after acquiring an additional 11,454 shares during the last quarter. 79.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, 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 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.22% of the stock is currently owned by company insiders.

F.N.B. Stock Up 1.9 %

Shares of NYSE:FNB opened at $15.59 on Wednesday. The company has a 50 day moving average price of $15.49 and a two-hundred day moving average price of $14.96. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $5.60 billion, a PE ratio of 12.37, a PEG ratio of 3.74 and a beta of 1.01. F.N.B. Co. has a 52 week low of $12.49 and a 52 week high of $17.70.

F.N.B. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Monday, March 3rd. F.N.B.’s dividend payout ratio is currently 38.10%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Keefe, Bruyette & Woods boosted their price objective 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. StockNews.com raised shares of F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Piper Sandler reduced their price objective on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Wells Fargo & Company dropped their target price on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Finally, DA Davidson raised their price target on F.N.B. from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.