Voloridge Investment Management LLC Purchases Shares of 81,683 F.N.B. Co. (NYSE:FNB)

Voloridge Investment Management LLC purchased a new stake in shares of F.N.B. Co. (NYSE:FNB - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 81,683 shares of the bank's stock, valued at approximately $1,207,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Squarepoint Ops LLC boosted its position in shares of F.N.B. by 411.4% during the 4th quarter. Squarepoint Ops LLC now owns 495,373 shares of the bank's stock valued at $7,322,000 after acquiring an additional 398,501 shares during the last quarter. Twinbeech Capital LP acquired a new position in shares of F.N.B. during the 4th quarter valued at about $164,000. Two Sigma Advisers LP lifted its position in F.N.B. by 8.6% in the fourth quarter. Two Sigma Advisers LP now owns 98,200 shares of the bank's stock valued at $1,451,000 after buying an additional 7,800 shares during the last quarter. ProShare Advisors LLC lifted its position in F.N.B. by 7.3% in the fourth quarter. ProShare Advisors LLC now owns 16,824 shares of the bank's stock valued at $249,000 after buying an additional 1,150 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its position in F.N.B. by 64.6% in the fourth quarter. Quantinno Capital Management LP now owns 220,043 shares of the bank's stock valued at $3,252,000 after buying an additional 86,350 shares during the last quarter. Institutional investors and hedge funds own 79.25% of the company's stock.

F.N.B. Stock Down 1.0%

Shares of FNB traded down $0.14 during mid-day trading on Friday, hitting $13.88. 1,979,817 shares of the company's stock were exchanged, compared to its average volume of 2,506,046. The company has a market cap of $4.99 billion, a price-to-earnings ratio of 11.02, a P/E/G ratio of 3.60 and a beta of 0.88. F.N.B. Co. has a fifty-two week low of $10.88 and a fifty-two week high of $17.70. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 0.94. The stock's 50-day moving average is $13.26 and its 200-day moving average is $14.56.

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. 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 for the quarter, compared to analysts' expectations of $409.52 million. During the same quarter in the prior year, the company earned $0.34 earnings per share. On average, sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Monday, June 2nd will be paid 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 3.46%. F.N.B.'s payout ratio is 38.10%.

Wall Street Analyst Weigh In

A number of research firms have commented on FNB. Keefe, Bruyette & Woods raised 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 report on Monday, April 21st. DA Davidson reaffirmed a "buy" rating and issued a $19.00 target price on shares of F.N.B. in a research report on Thursday, April 17th. Truist Financial began 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. Finally, Wells Fargo & Company decreased 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 report on Wednesday, April 9th. One equities research 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 stock. According to MarketBeat, F.N.B. currently has a consensus rating of "Buy" and a consensus target price 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.