Econ Financial Services Corp bought a new position in F.N.B. Corporation (NYSE:FNB - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 74,980 shares of the bank's stock, valued at approximately $1,008,000.
Other large investors have also made changes to their positions in the company. Prudential Financial Inc. grew its holdings in shares of F.N.B. by 51.1% in the 4th quarter. Prudential Financial Inc. now owns 112,920 shares of the bank's stock worth $1,669,000 after purchasing an additional 38,180 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of F.N.B. by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,940,425 shares of the bank's stock worth $58,239,000 after purchasing an additional 51,862 shares during the last quarter. AA Financial Advisors LLC bought a new stake in shares of F.N.B. in the 1st quarter worth about $269,000. First Citizens Bank & Trust Co. grew its holdings in shares of F.N.B. by 110.7% in the 1st quarter. First Citizens Bank & Trust Co. now owns 51,437 shares of the bank's stock worth $692,000 after purchasing an additional 27,030 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings 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 last quarter. Institutional investors own 79.25% of the company's stock.
F.N.B. Price Performance
NYSE FNB traded up $0.02 on Friday, hitting $14.56. 6,387,433 shares of the company were exchanged, compared to its average volume of 2,593,900. The firm has a 50 day moving average of $13.85 and a two-hundred day moving average of $14.17. The company has a market cap of $5.24 billion, a P/E ratio of 11.55, a P/E/G ratio of 1.04 and a beta of 0.91. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.39. F.N.B. Corporation has a 1-year low of $10.88 and a 1-year high of $17.70.
F.N.B. (NYSE:FNB - Get Free Report) last released its earnings results on Wednesday, April 16th. The bank reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.02. F.N.B. had a net margin of 17.78% and a return on equity of 7.97%. The company had revenue of $411.61 million for the quarter, compared to the consensus estimate of $409.52 million. During the same period in the prior year, the company posted $0.34 EPS. On average, equities analysts predict that F.N.B. Corporation will post 1.45 EPS for the current year.
F.N.B. Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 3.30%. F.N.B.'s payout ratio is presently 38.10%.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on FNB shares. Keefe, Bruyette & Woods raised shares of F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 target price on the stock in a report on Monday, April 21st. Truist Financial initiated coverage on shares of F.N.B. in a research report on Tuesday, May 13th. They set a "buy" rating and a $16.50 price target on the stock. Wells Fargo & Company reduced their price target on shares of F.N.B. from $18.00 to $16.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Finally, DA Davidson reiterated a "buy" rating and set a $19.00 price target on shares of F.N.B. in a research report on Thursday, April 17th. One equities research 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 company's stock. According to data from MarketBeat.com, F.N.B. currently has a consensus rating of "Buy" and a consensus target price of $17.57.
Get Our Latest 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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