First Citizens Bank & Trust Co. boosted its stake in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 110.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 51,437 shares of the bank's stock after buying an additional 27,030 shares during the period. First Citizens Bank & Trust Co.'s holdings in F.N.B. were worth $692,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. AlphaQuest LLC boosted its position in shares of F.N.B. by 3,589.8% during the 4th quarter. AlphaQuest LLC now owns 1,808 shares of the bank's stock valued at $27,000 after acquiring an additional 1,759 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of F.N.B. during the 4th quarter worth approximately $39,000. Parallel Advisors LLC grew its position in F.N.B. by 47.4% in the first quarter. Parallel Advisors LLC now owns 3,096 shares of the bank's stock valued at $42,000 after acquiring an additional 995 shares during the period. Harbor Investment Advisory LLC acquired a new position in F.N.B. during the first quarter worth $47,000. Finally, UMB Bank n.a. boosted its stake in shares of F.N.B. by 34.5% in 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 in the last quarter. Institutional investors own 79.25% of the company's stock.
F.N.B. Stock Performance
NYSE:FNB traded down $0.15 during mid-day trading on Thursday, reaching $13.91. The company's stock had a trading volume of 562,533 shares, compared to its average volume of 2,518,649. The stock has a market cap of $5.00 billion, a P/E ratio of 11.04, a PEG ratio of 3.60 and a beta of 0.91. The firm's fifty day moving average price is $13.39 and its two-hundred day moving average price is $14.41. F.N.B. Co. has a 12-month low of $10.88 and a 12-month high of $17.70. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48.
F.N.B. (NYSE:FNB - Get Free Report) last announced its earnings results on Wednesday, April 16th. The bank reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. The business had revenue of $411.61 million for 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 firm posted $0.34 earnings per share. On average, equities analysts forecast that F.N.B. Co. will post 1.45 EPS for the current fiscal year.
F.N.B. Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Monday, June 2nd will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.45%. F.N.B.'s payout ratio is presently 38.10%.
Analyst Ratings Changes
A number of brokerages have commented on FNB. Truist Financial started coverage on F.N.B. in a research report on Tuesday, May 13th. They issued a "buy" rating and a $16.50 price objective on the stock. Keefe, Bruyette & Woods upgraded F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 price target for the company in a research note on Monday, April 21st. DA Davidson reiterated a "buy" rating and set a $19.00 price objective on shares of F.N.B. in a research note on Thursday, April 17th. Finally, Wells Fargo & Company decreased their price target on shares of F.N.B. from $18.00 to $16.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. One investment 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. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $17.57.
Check Out Our Latest Stock Analysis on F.N.B.
F.N.B. Company Profile
(
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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