Cetera Investment Advisers boosted its position in shares of F.N.B. Corporation (NYSE:FNB - Free Report) by 55.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 191,530 shares of the bank's stock after buying an additional 68,548 shares during the quarter. Cetera Investment Advisers owned approximately 0.05% of F.N.B. worth $2,576,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in F.N.B. during the 4th quarter valued at $39,000. Parallel Advisors LLC increased its position in F.N.B. by 47.4% during the 1st quarter. Parallel Advisors LLC now owns 3,096 shares of the bank's stock valued at $42,000 after purchasing an additional 995 shares during the period. Smallwood Wealth Investment Management LLC purchased a new position in F.N.B. during the 1st quarter valued at $42,000. Harbor Investment Advisory LLC purchased a new position in F.N.B. during the 1st quarter valued at $47,000. Finally, UMB Bank n.a. increased its position in F.N.B. by 34.5% during the 1st quarter. UMB Bank n.a. now owns 4,345 shares of the bank's stock valued at $58,000 after purchasing an additional 1,115 shares during the period. 79.25% of the stock is currently owned by institutional investors.
F.N.B. Stock Performance
FNB traded up $0.18 during midday trading on Friday, hitting $14.93. 2,201,476 shares of the company traded hands, compared to its average volume of 6,470,629. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $5.37 billion, a PE ratio of 11.66, a price-to-earnings-growth ratio of 0.85 and a beta of 0.94. The company's 50-day moving average is $14.90 and its 200 day moving average is $14.27. F.N.B. Corporation has a 52 week low of $10.88 and a 52 week high of $17.70.
F.N.B. (NYSE:FNB - Get Free Report) last posted its earnings results on Thursday, July 17th. The bank reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.03. The business had revenue of $438.21 million for the quarter, compared to analysts' expectations 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 in the prior year, the business earned $0.34 EPS. On average, research analysts expect that F.N.B. Corporation will post 1.45 EPS for the current year.
F.N.B. Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Tuesday, September 2nd. F.N.B.'s dividend payout ratio is 37.50%.
Analyst Ratings Changes
A number of brokerages have issued reports on FNB. Wells Fargo & Company boosted their price objective on shares of F.N.B. from $18.00 to $20.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. DA Davidson upped their target price 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. Wall Street Zen raised shares of F.N.B. from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. Truist Financial upped their target price 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. Finally, Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $18.50 target price (up from $16.50) on shares of F.N.B. in a research report on Monday, July 21st. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $18.64.
Check Out Our Latest Research Report on F.N.B.
About F.N.B.
(
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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