6 days Ago By ABMN Staff
Franklin Resources Inc. reduced its position in shares of F.N.
B. Co. ( NYSE:FNB – Free Report ) by 64.
7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 93,785 shares of the bank’s stock after selling 171,667 shares during the quarter. Franklin Resources Inc.
’s holdings in F.N.B.
were worth $1,386,000 as of its most recent filing with the Securities and Exchange Commission. Several other hedge funds also recently modified their holdings of the business. Savant Capital LLC raised its position in shares of F.
N.B. by 1.
4% in the 4th quarter. Savant Capital LLC now owns 52,065 shares of the bank’s stock valued at $770,000 after acquiring an additional 708 shares during the period. Arizona State Retirement System increased its stake in F.
N.B. by 0.
7% in the fourth quarter. Arizona State Retirement System now owns 104,354 shares of the bank’s stock valued at $1,542,000 after purchasing an additional 765 shares in the last quarter. United Services Automobile Association lifted its holdings in F.
N.B. by 3.
7% during the fourth quarter. United Services Automobile Association now owns 24,524 shares of the bank’s stock worth $362,000 after acquiring an additional 870 shares in the last quarter. Bill Few Associates Inc.
raised its holdings in F.N.B.
by 1.1% during the 4th quarter. Bill Few Associates Inc.
now owns 92,332 shares of the bank’s stock worth $1,365,000 after buying an additional 1,023 shares during the period. Finally, Nomura Asset Management Co. Ltd.
lifted its stake in 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 buying an additional 1,100 shares in the last quarter. Institutional investors own 79.
25% of the company’s stock. Insider Activity at F.N.
B. In other F.N.
B. 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 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. The trade was a 18.
67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link . Also, Director William B.
Campbell bought 3,000 shares of F.N.B.
stock in a transaction on Wednesday, February 5th. The stock was 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 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 corporate insiders. F.
N.B. Stock Performance 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 issued a dividend of $0.12 per share. The ex-dividend date was Monday, March 3rd.
This represents a $0.48 annualized dividend and a yield of 3.98%.
F.N.B.
’s payout ratio is currently 38.10%. Analysts Set New Price Targets A number of equities research analysts recently commented on the stock.
DA Davidson raised their price objective on shares of F.N.B.
from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd.
Piper Sandler cut their price target on 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 decreased their price objective on F.N.B.
from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th.
Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.
17. Read Our Latest Analysis on F.N.
B. F.N.
B. Profile ( 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.
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B. Co. ( NYSE:FNB – Free Report ).
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