Ameriprise Financial Inc. Sells 849,856 Shares of F.N.B. Co. (NYSE:FNB)

Ameriprise Financial Inc. trimmed its holdings in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 66.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 422,620 shares of the bank's stock after selling 849,856 shares during the quarter. Ameriprise Financial Inc. owned 0.12% of F.N.B. worth $6,246,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Barclays PLC grew its holdings in shares of F.N.B. by 4.6% during the third quarter. Barclays PLC now owns 449,839 shares of the bank's stock worth $6,348,000 after buying an additional 19,589 shares in the last quarter. HB Wealth Management LLC acquired a new position in F.N.B. during the 4th quarter worth approximately $174,000. KBC Group NV grew its stake in shares of F.N.B. by 1,164.9% during the 4th quarter. KBC Group NV now owns 286,765 shares of the bank's stock worth $4,238,000 after acquiring an additional 264,094 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of F.N.B. by 2.1% in the fourth quarter. Pacer Advisors Inc. now owns 53,598 shares of the bank's stock valued at $792,000 after purchasing an additional 1,122 shares during the last quarter. Finally, R Squared Ltd bought a new stake in shares of F.N.B. in the fourth quarter worth $69,000. 79.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Truist Financial began coverage on shares of F.N.B. in a research note on Tuesday, May 13th. They issued a "buy" rating and a $16.50 price target on the stock. DA Davidson reiterated a "buy" rating and set a $19.00 target price on shares of F.N.B. in a report on Thursday, April 17th. Wells Fargo & Company reduced their price target on F.N.B. from $18.00 to $16.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods raised F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 price target on the stock in a research report on Monday, April 21st. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, F.N.B. currently has a consensus rating of "Buy" and a consensus price target of $17.57.

F.N.B. Trading Up 2.4%

Shares of NYSE:FNB traded up $0.33 during trading on Tuesday, reaching $14.17. The stock had a trading volume of 2,085,570 shares, compared to its average volume of 2,496,434. F.N.B. Co. has a 52 week low of $10.88 and a 52 week high of $17.70. The firm's fifty day moving average is $13.24 and its 200 day moving average is $14.61. The stock has a market cap of $5.10 billion, a price-to-earnings ratio of 11.25, a P/E/G ratio of 3.60 and a beta of 0.88. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 0.94.

F.N.B. (NYSE:FNB - Get Free Report) last issued its earnings results 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. The business had revenue of $411.61 million during the quarter, compared to the consensus estimate of $409.52 million. F.N.B. had a return on equity of 8.30% and a net margin of 18.12%. During the same period in the previous year, the company posted $0.34 earnings per share. As a group, equities analysts forecast that F.N.B. Co. will post 1.45 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Monday, June 2nd will be given a $0.12 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.48 annualized dividend and a yield of 3.39%. F.N.B.'s payout ratio is 38.10%.

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.