F.N.B. Corporation (NYSE:FNB) Shares Sold by Choreo LLC

Choreo LLC lessened its position in shares of F.N.B. Corporation (NYSE:FNB - Free Report) by 23.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,285 shares of the bank's stock after selling 46,625 shares during the quarter. Choreo LLC's holdings in F.N.B. were worth $2,008,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. OneDigital Investment Advisors LLC increased its position in shares of F.N.B. by 19.5% during the first quarter. OneDigital Investment Advisors LLC now owns 18,938 shares of the bank's stock worth $255,000 after purchasing an additional 3,086 shares in the last quarter. Teacher Retirement System of Texas grew its stake in F.N.B. by 4.8% during the 1st quarter. Teacher Retirement System of Texas now owns 88,338 shares of the bank's stock worth $1,188,000 after buying an additional 4,078 shares during the last quarter. Prudential Financial Inc. raised its stake in F.N.B. by 51.1% in the fourth quarter. Prudential Financial Inc. now owns 112,920 shares of the bank's stock valued at $1,669,000 after buying an additional 38,180 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in F.N.B. by 7.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 42,438 shares of the bank's stock worth $571,000 after acquiring an additional 2,983 shares in the last quarter. Finally, AA Financial Advisors LLC purchased a new stake in shares of F.N.B. during the first quarter worth about $269,000. Hedge funds and other institutional investors own 79.25% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on FNB. 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. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $18.50 price objective (up from $16.50) on shares of F.N.B. in a research note on Monday, July 21st. DA Davidson raised their target price 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. Truist Financial boosted their price target on F.N.B. from $17.50 to $18.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Finally, Wells Fargo & Company increased their price objective on F.N.B. from $18.00 to $20.00 and gave the company an "overweight" rating in a report on Monday, July 21st. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $18.64.

F.N.B. Stock Performance

Shares of FNB traded up $0.04 during mid-day trading on Friday, reaching $15.63. The company had a trading volume of 7,957,749 shares, compared to its average volume of 4,758,121. The stock has a market capitalization of $5.62 billion, a P/E ratio of 12.21, a PEG ratio of 0.92 and a beta of 0.92. F.N.B. Corporation has a 52-week low of $10.88 and a 52-week high of $17.70. The stock has a 50 day moving average of $14.67 and a two-hundred day moving average of $14.27. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.41.

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

F.N.B. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, June 15th. Investors of record on Monday, June 2nd were given a dividend of $0.12 per share. The ex-dividend date was Monday, June 2nd. This represents a $0.48 annualized dividend and a yield of 3.07%. F.N.B.'s dividend payout ratio 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.