American Century Companies Inc. Sells 51,363 Shares of F.N.B. Corporation $FNB

Key Points

• American Century Companies Inc. reduced its holdings in F.N.B. Corporation by 0.4%, now owning approximately 13.85 million shares valued at $186.34 million.
• F.N.B. Corporation recently reported earnings of $0.36 per share, exceeding analysts' expectations, with revenues of $438.21 million for the quarter.
• The company declared a quarterly dividend of $0.12 per share, scheduled to be paid on September 15th, representing an annualized yield of 3.1%.

American Century Companies Inc. lessened its holdings in shares of F.N.B. Corporation (NYSE:FNB - Free Report) by 0.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,853,917 shares of the bank's stock after selling 51,363 shares during the period. American Century Companies Inc. owned about 3.85% of F.N.B. worth $186,335,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. McClarren Financial Advisors Inc. acquired a new position in shares of F.N.B. during the 1st quarter worth approximately $28,000. Parallel Advisors LLC boosted its position in shares of F.N.B. by 47.4% during the 1st quarter. Parallel Advisors LLC now owns 3,096 shares of the bank's stock worth $42,000 after acquiring an additional 995 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in shares of F.N.B. during the 1st quarter worth approximately $42,000. Meeder Asset Management Inc. boosted its position in shares of F.N.B. by 233.5% during the 1st quarter. Meeder Asset Management Inc. now owns 3,445 shares of the bank's stock worth $46,000 after acquiring an additional 2,412 shares in the last quarter. Finally, Harbor Investment Advisory LLC acquired a new stake in shares of F.N.B. during the 1st quarter worth approximately $47,000. Institutional investors and hedge funds own 79.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $18.50 price target (up previously from $16.50) on shares of F.N.B. in a research report on Monday, July 21st. Wells Fargo & Company increased their price target on shares of F.N.B. from $18.00 to $20.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Truist Financial increased their price target on shares of F.N.B. from $17.50 to $18.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. DA Davidson increased their price target on shares of F.N.B. from $17.00 to $19.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Finally, Wall Street Zen upgraded shares of F.N.B. from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $18.64.

F.N.B. Price Performance

F.N.B. stock traded down $0.0050 during mid-day trading on Thursday, reaching $15.9150. The company had a trading volume of 3,393,834 shares, compared to its average volume of 3,556,921. F.N.B. Corporation has a fifty-two week low of $10.88 and a fifty-two week high of $17.70. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.41. The company has a market cap of $5.72 billion, a P/E ratio of 12.41, a P/E/G ratio of 0.90 and a beta of 0.94. The business has a fifty day simple moving average of $15.18 and a 200 day simple moving average of $14.28.

F.N.B. (NYSE:FNB - Get Free Report) last issued its earnings results on Thursday, July 17th. The bank reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.03. The firm had revenue of $438.21 million for the quarter, compared to analyst estimates of $424.39 million. F.N.B. had a net margin of 17.88% and a return on equity of 7.94%. During the same quarter last year, the business posted $0.34 earnings per share. On average, equities research analysts predict that F.N.B. Corporation will post 1.45 earnings per share for the current year.

F.N.B. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.48 annualized dividend and a dividend yield of 3.0%. F.N.B.'s dividend payout ratio (DPR) is presently 37.50%.

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.