BNP Paribas Financial Markets reduced its stake in F.N.B. Co. (NYSE:FNB - Free Report) by 39.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,502 shares of the bank's stock after selling 55,911 shares during the period. BNP Paribas Financial Markets' holdings in F.N.B. were worth $1,264,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in FNB. AlphaQuest LLC grew its stake in F.N.B. by 3,589.8% in the 4th quarter. AlphaQuest LLC now owns 1,808 shares of the bank's stock worth $27,000 after acquiring an additional 1,759 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of F.N.B. in the 4th quarter worth approximately $39,000. Sandy Spring Bank purchased a new stake in shares of F.N.B. in the 4th quarter worth approximately $67,000. R Squared Ltd purchased a new stake in shares of F.N.B. in the 4th quarter worth approximately $69,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of F.N.B. by 40.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 5,701 shares of the bank's stock worth $84,000 after purchasing an additional 1,631 shares during the period. 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 midday trading on Friday, reaching $13.84. 1,806,593 shares of the stock traded hands, compared to its average volume of 2,498,085. F.N.B. Co. has a 12-month low of $10.88 and a 12-month high of $17.70. The business has a 50-day moving average of $13.24 and a two-hundred day moving average of $14.62. 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 has a market capitalization of $4.98 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 3.60 and a beta of 0.88.
F.N.B. (NYSE:FNB - Get Free Report) last posted its 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. F.N.B. had a net margin of 18.12% and a return on equity of 8.30%. The company had revenue of $411.61 million during the quarter, compared to analysts' expectations of $409.52 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. On average, equities 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 announced a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Monday, June 2nd will be given 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 yield of 3.47%. F.N.B.'s payout ratio is 38.10%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the stock. Truist Financial assumed coverage on shares of F.N.B. in a research report on Tuesday, May 13th. They issued a "buy" rating and a $16.50 price target for the company. Wells Fargo & Company lowered their price target on shares of 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. Keefe, Bruyette & Woods raised shares of 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 report on Monday, April 21st. Finally, DA Davidson reaffirmed a "buy" rating and issued a $19.00 price target on shares of F.N.B. in a research report on Thursday, April 17th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $17.57.
View Our Latest Research Report on F.N.B.
F.N.B. Profile
(
Free Report)
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.
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