First National Trust Co Has $9.26 Million Stock Holdings in F.N.B. Corporation (NYSE:FNB)

First National Trust Co decreased its holdings in F.N.B. Corporation (NYSE:FNB - Free Report) by 7.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 688,423 shares of the bank's stock after selling 58,725 shares during the period. First National Trust Co owned about 0.19% of F.N.B. worth $9,259,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of FNB. OneDigital Investment Advisors LLC grew its stake in shares of F.N.B. by 19.5% during the first quarter. OneDigital Investment Advisors LLC now owns 18,938 shares of the bank's stock worth $255,000 after purchasing an additional 3,086 shares in the last quarter. Teacher Retirement System of Texas grew its stake in shares of F.N.B. by 4.8% during the first quarter. Teacher Retirement System of Texas now owns 88,338 shares of the bank's stock worth $1,188,000 after purchasing an additional 4,078 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of F.N.B. by 51.1% during the fourth 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 in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of F.N.B. by 7.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 42,438 shares of the bank's stock worth $571,000 after purchasing an additional 2,983 shares in the last quarter. Finally, AA Financial Advisors LLC acquired a new position in shares of F.N.B. during the first quarter worth $269,000. Institutional investors and hedge funds own 79.25% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on FNB shares. Wall Street Zen raised shares of F.N.B. from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. DA Davidson upped their price objective 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. 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 research note on Monday, July 21st. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $18.50 price target (up previously from $16.50) on shares of F.N.B. in a research note on Monday, July 21st. Finally, Truist Financial lifted 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. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $18.64.

F.N.B. Stock Performance

NYSE:FNB traded down $0.47 during trading hours on Friday, hitting $14.85. 8,160,364 shares of the company traded hands, compared to its average volume of 5,873,108. F.N.B. Corporation has a twelve month low of $10.88 and a twelve month high of $17.70. The stock has a market capitalization of $5.34 billion, a price-to-earnings ratio of 11.60, a P/E/G ratio of 0.90 and a beta of 0.94. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.41. The firm has a 50-day moving average of $14.80 and a 200 day moving average of $14.30.

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 for the quarter, topping the consensus estimate of $0.33 by $0.03. F.N.B. had a net margin of 17.88% and a return on equity of 7.94%. The business had revenue of $438.21 million for the quarter, compared to analyst estimates of $424.39 million. During the same quarter in the prior year, the firm earned $0.34 EPS. On average, analysts forecast that F.N.B. Corporation will post 1.45 EPS for the current year.

F.N.B. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 2nd. F.N.B.'s dividend payout ratio (DPR) is 37.50%.

F.N.B. Company 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.