Nomura Holdings Inc. Takes $705,000 Position in F.N.B. Co. (NYSE:FNB)

Nomura Holdings Inc. purchased a new stake in F.N.B. Co. (NYSE:FNB - Free Report) in the 4th quarter, according to the company in its most recent Form 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 large investors have also made changes to their positions in FNB. World Investment Advisors boosted its position in shares of F.N.B. by 2.3% during the fourth quarter. World Investment Advisors now owns 29,393 shares of the bank's stock worth $434,000 after buying an additional 667 shares during the period. Savant Capital LLC raised its position in shares of F.N.B. by 1.4% in the fourth quarter. Savant Capital LLC now owns 52,065 shares of the bank's stock valued at $770,000 after purchasing an additional 708 shares during the period. Forum Financial Management LP lifted its position in F.N.B. by 5.9% during the fourth quarter. Forum Financial Management LP now owns 13,258 shares of the bank's stock worth $196,000 after acquiring an additional 744 shares during the last quarter. Arizona State Retirement System lifted its holdings in F.N.B. by 0.7% during the 4th quarter. Arizona State Retirement System now owns 104,354 shares of the bank's stock worth $1,542,000 after purchasing an additional 765 shares during the last quarter. Finally, United Services Automobile Association lifted its holdings in shares of F.N.B. by 3.7% during the fourth quarter. United Services Automobile Association now owns 24,524 shares of the bank's stock worth $362,000 after buying an additional 870 shares in the last quarter. Institutional investors own 79.25% of the company's stock.

F.N.B. Price Performance

Shares of FNB stock traded down $0.09 during trading hours on Monday, reaching $13.84. The stock had a trading volume of 1,806,593 shares, compared to its average volume of 2,498,085. The stock's fifty day simple moving average is $13.24 and its 200 day simple moving average is $14.62. The firm 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. F.N.B. Co. has a 12 month low of $10.88 and a 12 month high of $17.70. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48.

F.N.B. (NYSE:FNB - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The bank reported $0.32 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.02. The firm had revenue of $411.61 million during the quarter, compared to analyst estimates of $409.52 million. F.N.B. had a net margin of 18.12% and a return on equity of 8.30%. During the same period in the previous year, the business earned $0.34 EPS. On average, equities research analysts predict that F.N.B. Co. will post 1.45 EPS for the current year.

F.N.B. Dividend Announcement

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

Wall Street Analysts Forecast Growth

FNB has been the subject of several recent research reports. Wells Fargo & Company cut their price target on F.N.B. from $18.00 to $16.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods upgraded F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 price target for the company in a research note on Monday, April 21st. Truist Financial assumed 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 on the stock. Finally, DA Davidson reiterated a "buy" rating and set a $19.00 price target on shares of F.N.B. in a report on Thursday, April 17th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $17.57.

F.N.B. 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.