AA Financial Advisors LLC Makes New Investment in F.N.B. Corporation (NYSE:FNB)

AA Financial Advisors LLC purchased a new stake in F.N.B. Corporation (NYSE:FNB - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 20,000 shares of the bank's stock, valued at approximately $269,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Janney Montgomery Scott LLC boosted its stake in shares of F.N.B. by 2.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 55,892 shares of the bank's stock valued at $752,000 after purchasing an additional 1,249 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of F.N.B. by 7.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 42,438 shares of the bank's stock valued at $571,000 after purchasing an additional 2,983 shares in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of F.N.B. by 9.3% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 1,114,640 shares of the bank's stock valued at $14,992,000 after purchasing an additional 94,870 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of F.N.B. in the 1st quarter valued at $319,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of F.N.B. by 19.6% in the 1st quarter. Farther Finance Advisors LLC now owns 17,928 shares of the bank's stock valued at $241,000 after purchasing an additional 2,937 shares in the last quarter. Institutional investors own 79.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on FNB shares. Keefe, Bruyette & Woods upgraded shares of F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 target price on the stock in a research note on Monday, April 21st. Truist Financial started coverage on shares of F.N.B. in a research note on Tuesday, May 13th. They issued a "buy" rating and a $16.50 target price on the stock. DA Davidson restated a "buy" rating and issued a $19.00 target price on shares of F.N.B. in a research note on Thursday, April 17th. Finally, Wells Fargo & Company reduced their target price on shares of F.N.B. from $18.00 to $16.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $17.57.

F.N.B. Price Performance

NYSE FNB traded up $0.16 on Friday, hitting $13.93. 5,035,154 shares of the company were exchanged, compared to its average volume of 2,564,954. The firm has a 50 day moving average of $13.65 and a two-hundred day moving average of $14.24. The company has a market cap of $5.01 billion, a P/E ratio of 11.05, a P/E/G ratio of 1.00 and a beta of 0.91. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.39. F.N.B. Corporation has a 1-year low of $10.88 and a 1-year high of $17.70.

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, topping the consensus estimate of $0.30 by $0.02. The business had revenue of $411.61 million for the quarter, compared to the consensus estimate of $409.52 million. F.N.B. had a net margin of 17.78% and a return on equity of 7.97%. During the same quarter in the prior year, the company earned $0.34 EPS. On average, equities analysts predict that F.N.B. Corporation will post 1.45 EPS for the current year.

F.N.B. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.48 annualized dividend and a yield of 3.45%. F.N.B.'s dividend payout ratio is currently 38.10%.

About F.N.B.

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.