F.N.B. Corporation $FNB Holdings Lowered by Campbell & CO Investment Adviser LLC

Key Points

• Campbell & CO Investment Adviser LLC reduced its stake in F.N.B. Corporation by 57.0%, now holding 116,699 shares valued at approximately $1.57 million.
• F.N.B. recently beat earnings estimates with $0.36 EPS, exceeding the consensus of $0.33, and reported revenue of $438.21 million for the quarter.
• The company announced a quarterly dividend of $0.12 per share, representing an annualized yield of 2.9%.

Campbell & CO Investment Adviser LLC reduced its holdings in shares of F.N.B. Corporation (NYSE:FNB - Free Report) by 57.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,699 shares of the bank's stock after selling 154,552 shares during the quarter. Campbell & CO Investment Adviser LLC's holdings in F.N.B. were worth $1,570,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FNB. Marshall Wace LLP purchased a new stake in F.N.B. during the fourth quarter worth approximately $638,000. Tower Research Capital LLC TRC lifted its position in shares of F.N.B. by 47.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 30,628 shares of the bank's stock worth $453,000 after purchasing an additional 9,887 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of F.N.B. by 9.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 207,273 shares of the bank's stock worth $3,064,000 after purchasing an additional 18,045 shares in the last quarter. Boothbay Fund Management LLC lifted its position in shares of F.N.B. by 103.7% during the fourth quarter. Boothbay Fund Management LLC now owns 31,459 shares of the bank's stock worth $465,000 after purchasing an additional 16,015 shares in the last quarter. Finally, Oxford Asset Management LLP acquired a new position in shares of F.N.B. during the fourth quarter worth $311,000. 79.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on FNB shares. DA Davidson boosted their target price on shares of F.N.B. from $17.00 to $19.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Wells Fargo & Company upped their price target on shares of F.N.B. from $18.00 to $20.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Wall Street Zen raised shares of F.N.B. from a "sell" rating to a "hold" rating in a report on Sunday, July 13th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $18.50 price target (up from $16.50) on shares of F.N.B. in a report on Monday, July 21st. Finally, Truist Financial upped their price target on shares of F.N.B. from $17.50 to $18.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Seven analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $18.64.

F.N.B. Stock Performance

Shares of F.N.B. stock traded down $0.08 during trading on Thursday, hitting $16.72. 8,180,479 shares of the stock were exchanged, compared to its average volume of 7,548,409. The stock's fifty day moving average is $15.50 and its 200 day moving average is $14.31. The stock has a market cap of $6.00 billion, a PE ratio of 13.06, a P/E/G ratio of 0.96 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 12 month low of $10.88 and a 12 month high of $17.70.

F.N.B. (NYSE:FNB - Get Free Report) last released its quarterly earnings results 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 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 quarter in the prior year, the firm earned $0.34 earnings per share. As a group, sell-side analysts anticipate that F.N.B. Corporation will post 1.45 EPS for the current year.

F.N.B. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, September 2nd. F.N.B.'s payout ratio is 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.