F.N.B. Corporation (NYSE: FNB) has recently updated its investors regarding changes in dividend and several insider transactions. The financial institution declared a quarterly dividend of $0.12 per share, which was paid on December 15, 2023. This announcement follows a record date of December 1, 2023, establishing a dividend yield of 2.7% based on an annualized payout of $0.48. Currently, F.N.B. maintains a dividend payout ratio (DPR) of 34.53%, reflecting its commitment to returning value to shareholders.
In related news, insider trading activity has raised some interest among investors. On December 2, 2023, insider James L. Dutey sold 40,000 shares at an average price of $16.75, totaling approximately $670,000. Following this transaction, Dutey’s stake in the company decreased by 44.48%, leaving him with 49,936 shares valued at around $836,428. This sale was disclosed in a filing with the U.S. Securities and Exchange Commission (SEC).
Another insider, Gary L. Guerrieri, also engaged in share sales. On December 10, 2023, Guerrieri sold 15,000 shares at an average price of $17.67, for a total of $265,050. Post-sale, Guerrieri holds 279,883 shares, valued at approximately $4,945,532.61, representing a 5.09% decline in his position. Details of this transaction are similarly available in SEC filings.
Insider ownership at F.N.B. stands at 1.37%, indicating a modest level of internal investment relative to the total shares outstanding.
F.N.B. Corporation operates as a bank and financial holding company, offering a diverse range of financial products and services. It primarily serves consumers, corporations, governments, and small- to medium-sized businesses across the United States. The company divides its operations into three segments: Community Banking, Wealth Management, and Insurance.
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