F.N.B. Corporation $FNB Stake Trimmed by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in F.N.B. Corporation by 1.4%, selling 56,290 shares and retaining approximately 3.88 million shares valued at $52.24 million.
• Analysts have recently raised their price targets for F.N.B. shares, with DA Davidson increasing it from $17.00 to $19.00, indicating positive sentiment in the market.
• F.N.B. Corporation reported a quarterly earnings per share of $0.36, surpassing analyst expectations of $0.33, alongside a dividend of $0.12 per share scheduled for payment on September 15th.

Charles Schwab Investment Management Inc. trimmed its holdings in shares of F.N.B. Corporation (NYSE:FNB - Free Report) by 1.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,884,135 shares of the bank's stock after selling 56,290 shares during the period. Charles Schwab Investment Management Inc. owned 1.08% of F.N.B. worth $52,242,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Forum Financial Management LP boosted its holdings in shares of F.N.B. by 5.9% during the fourth quarter. Forum Financial Management LP now owns 13,258 shares of the bank's stock valued at $196,000 after acquiring an additional 744 shares during the period. Verdence Capital Advisors LLC lifted its position in F.N.B. by 3.2% in the 1st quarter. Verdence Capital Advisors LLC now owns 25,489 shares of the bank's stock valued at $343,000 after purchasing an additional 783 shares during the last quarter. LPL Financial LLC boosted its stake in F.N.B. by 0.4% during the 1st quarter. LPL Financial LLC now owns 224,171 shares of the bank's stock valued at $3,015,000 after purchasing an additional 886 shares during the period. Federated Hermes Inc. boosted its stake in F.N.B. by 0.3% during the 1st quarter. Federated Hermes Inc. now owns 315,585 shares of the bank's stock valued at $4,245,000 after purchasing an additional 892 shares during the period. Finally, State of Michigan Retirement System grew its position in F.N.B. by 1.1% in the 1st quarter. State of Michigan Retirement System now owns 86,051 shares of the bank's stock worth $1,157,000 after purchasing an additional 900 shares during the last quarter. 79.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on FNB shares. Truist Financial lifted their price target on F.N.B. from $17.50 to $18.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Keefe, Bruyette & Woods restated 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. Wells Fargo & Company boosted their price target on F.N.B. from $18.00 to $20.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. DA Davidson increased their price target on F.N.B. from $17.00 to $19.00 and gave the stock a "buy" rating in a research note 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 note on Sunday, July 13th. Seven equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, F.N.B. currently has an average rating of "Buy" and an average target price of $18.64.

F.N.B. Price Performance

Shares of NYSE:FNB traded up $0.0450 during trading hours on Wednesday, hitting $15.8650. 6,010,170 shares of the company's stock traded hands, compared to its average volume of 3,521,359. The company's fifty day simple moving average is $15.14 and its two-hundred day simple moving average is $14.27. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 12.39, a price-to-earnings-growth ratio of 0.90 and a beta of 0.94. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.93 and a current ratio of 0.93. 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 released its earnings results on Thursday, July 17th. The bank reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. The business had revenue of $438.21 million during 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 period in the prior year, the business earned $0.34 earnings per share. As a group, equities analysts anticipate that F.N.B. Corporation will post 1.45 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The business 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 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 currently 37.50%.

F.N.B. Company 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.