First National Trust Co Decreases Stake in F.N.B. Corporation (NYSE:FNB)

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

Several other institutional investors have also recently made changes to their positions in the company. World Investment Advisors increased its holdings in F.N.B. by 2.3% in the 4th quarter. World Investment Advisors now owns 29,393 shares of the bank's stock worth $434,000 after acquiring an additional 667 shares in the last quarter. Forum Financial Management LP increased its holdings in F.N.B. by 5.9% in the 4th quarter. Forum Financial Management LP now owns 13,258 shares of the bank's stock worth $196,000 after acquiring an additional 744 shares in the last quarter. Verdence Capital Advisors LLC increased its holdings in F.N.B. by 3.2% in the 1st quarter. Verdence Capital Advisors LLC now owns 25,489 shares of the bank's stock worth $343,000 after acquiring an additional 783 shares in the last quarter. LPL Financial LLC increased its holdings in F.N.B. by 0.4% in the 1st quarter. LPL Financial LLC now owns 224,171 shares of the bank's stock worth $3,015,000 after acquiring an additional 886 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in F.N.B. by 0.3% during the 1st quarter. Federated Hermes Inc. now owns 315,585 shares of the bank's stock worth $4,245,000 after purchasing an additional 892 shares during the last quarter. 79.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $18.50 target price (up previously from $16.50) on shares of F.N.B. in a research note on Monday, July 21st. Wells Fargo & Company lifted their target price on shares of F.N.B. from $18.00 to $20.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Truist Financial boosted their price target on shares of F.N.B. from $17.50 to $18.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. DA Davidson boosted 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 report on Monday, July 21st. Finally, 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. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $18.64.

F.N.B. Price Performance

Shares of FNB stock traded down $0.47 during mid-day trading on Friday, reaching $14.85. The stock had a trading volume of 8,160,364 shares, compared to its average volume of 3,290,089. F.N.B. Corporation has a 12-month low of $10.88 and a 12-month high of $17.70. The company has a market cap of $5.34 billion, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 0.91 and a beta of 0.92. The business has a 50-day simple moving average of $14.78 and a 200 day simple moving average of $14.30. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.41.

F.N.B. (NYSE:FNB - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The bank reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.03. F.N.B. had a return on equity of 7.94% and a net margin of 17.88%. The business had revenue of $438.21 million during the quarter, compared to analysts' expectations of $424.39 million. During the same quarter last year, the business posted $0.34 earnings per share. On average, sell-side analysts anticipate that F.N.B. Corporation will post 1.45 earnings per share for the current year.

F.N.B. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors 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 yield of 3.2%. The ex-dividend date is Tuesday, September 2nd. F.N.B.'s dividend payout ratio (DPR) is currently 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.