D. E. Shaw & Co. Inc. Sells 228,713 Shares of F.N.B. Co. (NYSE:FNB)

D. E. Shaw & Co. Inc. reduced its position in F.N.B. Co. (NYSE:FNB - Free Report) by 55.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 181,958 shares of the bank's stock after selling 228,713 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.05% of F.N.B. worth $2,689,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. AlphaQuest LLC boosted its stake in shares of F.N.B. by 3,589.8% in the 4th quarter. AlphaQuest LLC now owns 1,808 shares of the bank's stock valued at $27,000 after purchasing an additional 1,759 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of F.N.B. in the 4th quarter valued at $39,000. Sandy Spring Bank bought a new stake in shares of F.N.B. in the 4th quarter valued at $67,000. R Squared Ltd bought a new stake in shares of F.N.B. in the 4th quarter valued at $69,000. Finally, Smartleaf Asset Management LLC boosted its stake 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 valued at $84,000 after purchasing an additional 1,631 shares during the last quarter. 79.25% of the stock is owned by institutional investors.

F.N.B. Stock Down 0.6%

Shares of FNB stock traded down $0.09 on Friday, hitting $13.84. The stock had a trading volume of 1,806,593 shares, compared to its average volume of 2,498,085. The business has a 50 day moving average of $13.24 and a 200 day moving average of $14.62. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 10.98, a price-to-earnings-growth ratio of 3.60 and a beta of 0.88. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.94 and a quick ratio of 0.94. F.N.B. Co. has a 12-month low of $10.88 and a 12-month high of $17.70.

F.N.B. (NYSE:FNB - Get Free Report) last announced its earnings results on Wednesday, April 16th. The bank reported $0.32 EPS for the quarter, beating the consensus estimate of $0.30 by $0.02. The company had revenue of $411.61 million during the quarter, compared to the consensus estimate of $409.52 million. F.N.B. had a net margin of 18.12% and a return on equity of 8.30%. During the same quarter in the prior year, the company posted $0.34 earnings per share. As a group, analysts expect that F.N.B. Co. will post 1.45 EPS for the current year.

F.N.B. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date is Monday, June 2nd. F.N.B.'s payout ratio is 38.10%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. DA Davidson reissued a "buy" rating and set a $19.00 target price on shares of F.N.B. in a research note on Thursday, April 17th. Wells Fargo & Company cut their target price on shares of F.N.B. from $18.00 to $16.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Truist Financial assumed coverage on shares of F.N.B. in a report on Tuesday, May 13th. They set a "buy" rating and a $16.50 price objective on the stock. Finally, Keefe, Bruyette & Woods upgraded shares of F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 price objective on the stock in a report on Monday, April 21st. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $17.57.

About F.N.B.

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.