Hancock Whitney Corp Sells 56,992 Shares of F.N.B. Co. (NYSE:FNB)

Hancock Whitney Corp decreased its position in F.N.B. Co. (NYSE:FNB - Free Report) by 46.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,953 shares of the bank's stock after selling 56,992 shares during the quarter. Hancock Whitney Corp's holdings in F.N.B. were worth $960,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of FNB. Stifel Financial Corp lifted its position in F.N.B. by 6.6% in the third quarter. Stifel Financial Corp now owns 28,669 shares of the bank's stock valued at $405,000 after purchasing an additional 1,768 shares during the last quarter. Barclays PLC lifted its position in F.N.B. by 4.6% in the third quarter. Barclays PLC now owns 449,839 shares of the bank's stock valued at $6,348,000 after purchasing an additional 19,589 shares during the last quarter. World Investment Advisors LLC bought a new stake in F.N.B. in the third quarter valued at approximately $405,000. Principal Financial Group Inc. lifted its position in F.N.B. by 2.6% in the third quarter. Principal Financial Group Inc. now owns 4,952,429 shares of the bank's stock valued at $69,879,000 after purchasing an additional 127,516 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in F.N.B. by 3.4% in the third quarter. JPMorgan Chase & Co. now owns 987,084 shares of the bank's stock valued at $13,928,000 after purchasing an additional 32,047 shares during the last quarter. Institutional investors own 79.25% of the company's stock.

F.N.B. Trading Up 1.6 %

Shares of NYSE:FNB traded up $0.22 on Thursday, hitting $13.31. The company had a trading volume of 550,851 shares, compared to its average volume of 2,461,496. The firm's 50-day simple moving average is $13.21 and its two-hundred day simple moving average is $14.71. F.N.B. Co. has a 1 year low of $10.88 and a 1 year high of $17.70. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 10.56, a P/E/G ratio of 3.60 and a beta of 0.86.

F.N.B. (NYSE:FNB - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The bank reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.02. F.N.B. had a net margin of 18.12% and a return on equity of 8.30%. The company had revenue of $411.61 million during the quarter, compared to analysts' expectations of $409.52 million. During the same period last year, the company posted $0.34 EPS. Equities analysts anticipate that F.N.B. Co. will post 1.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on FNB shares. DA Davidson reiterated a "buy" rating and issued a $19.00 price objective on shares of F.N.B. in a research report on Thursday, April 17th. Wells Fargo & Company decreased their target price 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. Piper Sandler cut 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. Finally, Keefe, Bruyette & Woods upgraded shares of F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 price objective for the company in a report on Monday, April 21st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, F.N.B. currently has an average rating of "Moderate Buy" and a consensus target price of $17.75.

Insider Activity at F.N.B.

In other F.N.B. news, Director William B. Campbell purchased 3,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was bought at an average cost of $15.57 per share, with a total value of $46,710.00. Following the transaction, the director now directly owns 158,834 shares in the company, valued at approximately $2,473,045.38. The trade was a 1.93 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David L. Motley sold 15,000 shares of F.N.B. 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 directly owns 65,344 shares of the company's stock, 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. 1.37% of the stock is currently owned by corporate insiders.

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.