Hudson Edge Investment Partners Inc. Has $175,000 Stock Holdings in F.N.B. Co. (NYSE:FNB)

Hudson Edge Investment Partners Inc. trimmed its holdings in shares of F.N.B. Co. (NYSE:FNB) by 70.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,860 shares of the bank’s stock after selling 28,826 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in F.N.B. were worth $175,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Creative Planning lifted its stake in F.N.B. by 3.0% in the 3rd quarter. Creative Planning now owns 60,731 shares of the bank’s stock valued at $857,000 after purchasing an additional 1,757 shares during the last quarter. Blue Trust Inc. lifted its stake in F.N.B. by 39.5% in the 3rd quarter. Blue Trust Inc. now owns 12,616 shares of the bank’s stock valued at $173,000 after purchasing an additional 3,574 shares during the last quarter. Signaturefd LLC lifted its stake in F.N.B. by 16.7% in the 3rd quarter. Signaturefd LLC now owns 5,592 shares of the bank’s stock valued at $79,000 after purchasing an additional 799 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in F.N.B. in the 3rd quarter valued at about $2,223,000. Finally, Dakota Wealth Management acquired a new stake in F.N.B. in the 3rd quarter valued at about $157,000. 79.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FNB. Piper Sandler lowered 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 report on Thursday, January 23rd. DA Davidson increased their price target on shares of F.N.B. from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods increased 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 report on Wednesday, December 4th. Raymond James increased their price target on shares of F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Finally, Wells Fargo & Company lowered 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 report on Monday, January 6th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, F.N.B. currently has an average rating of “Moderate Buy” and an average target price of $18.50.

F.N.B. Stock Down 2.3 %

Shares of FNB opened at $14.78 on Friday. F.N.B. Co. has a 12 month low of $12.49 and a 12 month high of $17.70. The firm’s 50 day moving average is $15.21 and its 200-day moving average is $15.02. The stock has a market capitalization of $5.31 billion, a PE ratio of 11.73, a P/E/G ratio of 3.60 and a beta of 1.01. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48.

F.N.B. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.48 annualized dividend and a dividend yield of 3.25%. F.N.B.’s dividend payout ratio is presently 38.10%.

Insider Transactions at F.N.B.

In related news, CEO Vincent J. Delie, Jr. sold 125,000 shares of F.N.B. stock in a transaction that occurred on Friday, December 6th. The shares were 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. This trade represents a 7.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David L. Motley sold 15,000 shares of F.N.B. stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $15.51, for a total transaction of $232,650.00. Following the completion of the transaction, the director now directly owns 65,344 shares in the company, valued at $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 1.03% 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.