Nomura Holdings Inc. Buys New Shares in F.N.B. Co. (NYSE:FNB)

Nomura Holdings Inc. purchased a new position in shares of F.N.B. Co. (NYSE:FNB - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 47,713 shares of the bank's stock, valued at approximately $705,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of F.N.B. by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 39,416,478 shares of the bank's stock worth $582,576,000 after purchasing an additional 305,826 shares during the last quarter. PL Capital Advisors LLC purchased a new position in shares of F.N.B. in the fourth quarter worth approximately $308,616,000. Geode Capital Management LLC increased its position in shares of F.N.B. by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 5,961,104 shares of the bank's stock worth $88,133,000 after acquiring an additional 21,325 shares in the last quarter. First Trust Advisors LP increased its position in shares of F.N.B. by 76.8% in the fourth quarter. First Trust Advisors LP now owns 5,233,363 shares of the bank's stock worth $77,349,000 after acquiring an additional 2,273,736 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of F.N.B. by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,940,425 shares of the bank's stock worth $58,239,000 after acquiring an additional 51,862 shares in the last quarter. 79.25% of the stock is currently owned by institutional investors.

F.N.B. Stock Down 0.6%

NYSE FNB traded down $0.09 during trading on Friday, reaching $13.84. The company's stock had a trading volume of 1,806,593 shares, compared to its average volume of 2,491,412. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $4.98 billion, a PE ratio of 10.98, a PEG ratio of 3.60 and a beta of 0.88. The business has a 50-day moving average price of $13.24 and a 200-day moving average price of $14.65. F.N.B. Co. 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 data on Wednesday, April 16th. The bank reported $0.32 earnings per share for the quarter, topping 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 business had revenue of $411.61 million during the quarter, compared to analysts' expectations of $409.52 million. During the same period in the previous year, the company earned $0.34 earnings per share. On average, research analysts forecast that F.N.B. Co. will post 1.45 earnings per share for the current fiscal year.

F.N.B. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Monday, June 2nd will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date is Monday, June 2nd. F.N.B.'s payout ratio is 38.10%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on FNB shares. Truist Financial started coverage on shares of F.N.B. in a research report on Tuesday, May 13th. They issued a "buy" rating and a $16.50 target price on the stock. 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 on the stock in a research report on Monday, April 21st. DA Davidson reaffirmed a "buy" rating and set a $19.00 price objective on shares of F.N.B. in a research report on Thursday, April 17th. Finally, 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 research report on Wednesday, April 9th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $17.57.

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.