Avantax Advisory Services Inc. Has $331,000 Position in F.N.B. Co. (NYSE:FNB)

Avantax Advisory Services Inc. trimmed its stake in F.N.B. Co. (NYSE:FNB) by 17.7% during the fourth quarter, Holdings Channel reports. The fund owned 22,408 shares of the bank’s stock after selling 4,821 shares during the quarter. Avantax Advisory Services Inc.’s holdings in F.N.B. were worth $331,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AlphaQuest LLC grew its stake in shares of F.N.B. by 3,589.8% in the fourth quarter. AlphaQuest LLC now owns 1,808 shares of the bank’s stock worth $27,000 after acquiring an additional 1,759 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of F.N.B. during the 3rd quarter worth approximately $31,000. Versant Capital Management Inc grew its holdings in shares of F.N.B. by 100.9% in the 4th quarter. Versant Capital Management Inc now owns 4,011 shares of the bank’s stock worth $59,000 after purchasing an additional 2,014 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of F.N.B. by 31.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank’s stock valued at $65,000 after acquiring an additional 1,100 shares during the last quarter. Finally, R Squared Ltd bought a new stake in shares of F.N.B. during the fourth quarter worth $69,000. 79.25% of the stock is currently owned by institutional investors and hedge funds.

F.N.B. Price Performance

NYSE:FNB opened at $13.91 on Tuesday. F.N.B. Co. has a one year low of $12.49 and a one year high of $17.70. The firm’s fifty day moving average price is $14.83 and its two-hundred day moving average price is $14.97. 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 company has a market cap of $5.00 billion, a P/E ratio of 11.04, a P/E/G ratio of 3.60 and a beta of 0.98.

F.N.B. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.45%. The ex-dividend date was Monday, March 3rd. F.N.B.’s dividend payout ratio (DPR) is 38.10%.

Insider Buying and Selling

In other F.N.B. news, Director David L. Motley sold 15,000 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was 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 owns 65,344 shares of the company’s stock, valued at approximately $1,013,485.44. The trade was a 18.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William B. Campbell purchased 3,000 shares of the stock in a transaction dated Wednesday, February 5th. The shares were bought at an average price of $15.57 per share, with a total value of $46,710.00. Following the completion of the acquisition, the director now directly owns 158,834 shares of the company’s stock, valued at approximately $2,473,045.38. This represents a 1.93 % increase in their position. The disclosure for this purchase can be found here. 1.03% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

FNB has been the topic of several research reports. Keefe, Bruyette & Woods upped 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. 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. Piper Sandler dropped 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 report on Thursday, January 23rd. Finally, Wells Fargo & Company cut 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 report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, F.N.B. presently has a consensus rating of “Moderate Buy” and an average price target of $18.50.

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.