F.N.B. Corporation (NYSE:FNB) Stock Holdings Raised by Bastion Asset Management Inc.

Key Points

• Bastion Asset Management Inc. increased its stake in F.N.B. Corporation by 45.5%, making it the company's 5th largest position, now holding 412,772 shares valued at approximately $5.98 million.
• Several other large investors have also recently modified their holdings, with hedge funds and institutional investors owning 79.25% of F.N.B.'s stock.
• Analysts have set new price targets for F.N.B., with estimates ranging up to $20.00 and seven analysts rating the stock as a buy, reflecting a consensus rating of "Moderate Buy".

Bastion Asset Management Inc. grew its stake in F.N.B. Corporation (NYSE:FNB - Free Report) by 45.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 412,772 shares of the bank's stock after purchasing an additional 129,134 shares during the period. F.N.B. comprises about 3.3% of Bastion Asset Management Inc.'s investment portfolio, making the stock its 5th biggest position. Bastion Asset Management Inc. owned about 0.11% of F.N.B. worth $5,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Norges Bank bought a new position in shares of F.N.B. in the fourth quarter worth about $50,205,000. First Trust Advisors LP boosted its holdings in shares of F.N.B. by 76.8% in the fourth quarter. First Trust Advisors LP now owns 5,233,363 shares of the bank's stock valued at $77,349,000 after buying an additional 2,273,736 shares during the period. Raymond James Financial Inc. acquired a new position in shares of F.N.B. in the fourth quarter valued at approximately $15,801,000. Balyasny Asset Management L.P. acquired a new position in F.N.B. during the fourth quarter worth $12,952,000. Finally, Prospector Partners LLC acquired a new position in F.N.B. during the fourth quarter worth $12,091,000. 79.25% of the stock is currently owned by institutional investors and hedge funds.

F.N.B. Stock Up 0.9%

Shares of NYSE FNB traded up $0.15 during trading on Wednesday, hitting $15.71. The stock had a trading volume of 4,131,785 shares, compared to its average volume of 3,197,004. F.N.B. Corporation has a 12 month low of $10.88 and a 12 month high of $17.70. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $5.65 billion, a PE ratio of 12.27, a PEG ratio of 0.93 and a beta of 0.92. The firm has a fifty day moving average of $14.72 and a two-hundred day moving average of $14.29.

F.N.B. (NYSE:FNB - Get Free Report) last posted its earnings results on Thursday, July 17th. The bank reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.03. The firm 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 business posted $0.34 EPS. As a group, equities research analysts forecast that F.N.B. Corporation will post 1.45 EPS for the current fiscal 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 3.06%. F.N.B.'s dividend payout ratio is presently 37.50%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FNB. DA Davidson increased their price target on shares of F.N.B. from $17.00 to $19.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Truist Financial raised their target price on shares of F.N.B. from $17.50 to $18.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. 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 issued a $18.50 price objective (up previously from $16.50) on shares of F.N.B. in a research note on Monday, July 21st. Finally, Wells Fargo & Company raised their target price 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. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.64.

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.