California Public Employees Retirement System Sells 63,073 Shares of F.N.B. Co. (NYSE:FNB)

California Public Employees Retirement System decreased its holdings in shares of F.N.B.

Co. ( NYSE:FNB – Free Report ) by 10.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).



The firm owned 570,713 shares of the bank’s stock after selling 63,073 shares during the quarter. California Public Employees Retirement System owned about 0.16% of F.

N.B. worth $8,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. AlphaQuest LLC raised its stake in shares of F.N.

B. by 3,589.8% during the 4th quarter.

AlphaQuest LLC now owns 1,808 shares of the bank’s stock valued at $27,000 after purchasing an additional 1,759 shares during the period. Versant Capital Management Inc grew its holdings in F.N.

B. by 100.9% during the 4th 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. Sandy Spring Bank bought a new stake in shares of F.N.

B. during the fourth quarter valued at about $67,000. Nomura Asset Management Co.

Ltd. boosted its position 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 period.

Finally, R Squared Ltd purchased a new position in F.N.B.

during the fourth quarter valued at approximately $69,000. Hedge funds and other institutional investors own 79.25% of the company’s stock.

Insider Buying and Selling In other news, 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 directly owns 65,344 shares in the company, valued at approximately $1,013,485.

44. The trade was a 18.67 % decrease in their position.

The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink . Also, Director William B. Campbell bought 3,000 shares of F.

N.B. stock in a transaction that occurred on Wednesday, February 5th.

The shares were acquired at an average cost of $15.57 per share, for a total transaction of $46,710.00.

Following the acquisition, the director now owns 158,834 shares in the company, valued at $2,473,045.38. The trade was 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 corporate insiders. F.N.

B. Trading Down 5.3 % F.

N.B. Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th.

Investors of record on Monday, March 3rd were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, March 3rd.

This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.19%.

F.N.B.

’s dividend payout ratio is 38.10%. Wall Street Analysts Forecast Growth Several brokerages have commented on FNB.

DA Davidson raised 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.

Wells Fargo & Company dropped their price objective on F.N.B.

from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, January 6th.

Finally, Piper Sandler decreased their target price on 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.

Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.50.

View Our Latest Analysis on F.N.B.

About F.N.B.

( Free Report ) 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. Read More Want to see what other hedge funds are holding FNB? Visit HoldingsChannel.

com to get the latest 13F filings and insider trades for F.N.B.

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