AA Financial Advisors LLC bought a new position in shares of F.N.B. Corporation (NYSE:FNB - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,000 shares of the bank's stock, valued at approximately $269,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. AlphaQuest LLC grew its position in F.N.B. by 3,589.8% during the fourth quarter. AlphaQuest LLC now owns 1,808 shares of the bank's stock valued at $27,000 after purchasing an additional 1,759 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of F.N.B. during the 4th quarter worth about $39,000. Parallel Advisors LLC lifted its holdings in shares of F.N.B. by 47.4% during the first quarter. Parallel Advisors LLC now owns 3,096 shares of the bank's stock worth $42,000 after buying an additional 995 shares during the last quarter. Harbor Investment Advisory LLC bought a new position in shares of F.N.B. during the 1st quarter worth about $47,000. Finally, UMB Bank n.a. grew its holdings in shares of F.N.B. by 34.5% during the 1st quarter. UMB Bank n.a. now owns 4,345 shares of the bank's stock worth $58,000 after purchasing an additional 1,115 shares in the last quarter. 79.25% of the stock is owned by institutional investors and hedge funds.
F.N.B. Price Performance
FNB traded up $0.14 on Thursday, reaching $13.78. The stock had a trading volume of 3,050,325 shares, compared to its average volume of 2,556,154. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $4.96 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. The firm has a 50-day moving average of $13.61 and a 200-day moving average of $14.27. F.N.B. Corporation has a fifty-two week low of $10.88 and a fifty-two week high of $17.70.
F.N.B. (NYSE:FNB - Get Free Report) last issued its quarterly earnings data 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 17.78% and a return on equity of 7.97%. The firm 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 earned $0.34 earnings per share. As a group, sell-side analysts anticipate that F.N.B. Corporation will post 1.45 EPS for the current year.
F.N.B. Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Sunday, June 15th. Investors of record on Monday, June 2nd were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend was Monday, June 2nd. F.N.B.'s dividend payout ratio (DPR) is currently 38.10%.
Wall Street Analyst Weigh In
FNB has been the subject of several analyst reports. Truist Financial began coverage on shares of F.N.B. in a report on Tuesday, May 13th. They set a "buy" rating and a $16.50 price target for the company. DA Davidson reissued a "buy" rating and set a $19.00 price target on shares of F.N.B. in a research report on Thursday, April 17th. Wells Fargo & Company lowered their price objective on shares of F.N.B. from $18.00 to $16.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods raised 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 research report on Monday, April 21st. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $17.57.
Check Out Our Latest Report on F.N.B.
About F.N.B.
(
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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