F.N.B. Corporation (NYSE: FNB) recently announced several updates impacting its stock ratings and dividend policies. Investors received notice of a quarterly dividend of $0.12 per share, which was paid on December 15, 2023. Shareholders of record as of December 1, 2023 benefited from this distribution, which translates to an annualized dividend of $0.48 and a yield of 2.7%. Currently, F.N.B. has a dividend payout ratio of 34.53%.
Insider Trading Activity
In addition to its dividend announcement, F.N.B. disclosed notable insider trading activities. On December 2, 2023, insider James L. Dutey sold 40,000 shares at an average price of $16.75, totalling $670,000. Following this sale, Dutey’s remaining holdings decreased to 49,936 shares, valued at approximately $836,428, marking a significant reduction of 44.48% in his stake.
Another insider, Gary L. Guerrieri, also made headlines with a sale on December 10, 2023. Guerrieri sold 15,000 shares at an average price of $17.67, which amounted to $265,050. After this transaction, Guerrieri retained 279,883 shares, valued at around $4,945,532.61, reflecting a decrease of 5.09% in his ownership.
According to regulatory filings with the U.S. Securities and Exchange Commission (SEC), insiders currently hold 1.37% of F.N.B.’s total stock. These transactions could raise questions among shareholders regarding future stock performance and insider confidence.
Company Overview
F.N.B. Corporation operates as a bank and financial holding company, providing a comprehensive range of financial products and services. Its clientele includes consumers, corporations, governments, and small to medium-sized businesses across the United States. The company functions through three primary segments: Community Banking, Wealth Management, and Insurance.
These updates on stock ratings, dividends, and insider transactions reflect the ongoing dynamics within F.N.B. and its strategic positioning in the financial sector. Investors will closely monitor these developments as they assess the company’s future trajectory.
