Dimensional Fund Advisors LP Has $275.68 Million Stock Holdings in F.N.B. Corporation $FNB

Key Points

• Dimensional Fund Advisors LP has reduced its stake in F.N.B. Corporation by 2.5%, now holding approximately 5.70% of the bank's shares after selling over 517,000 shares.
• F.N.B. Corporation reported earnings per share of $0.36 for the last quarter, exceeding analysts' expectations, with revenue reaching $438.21 million.
• The bank also announced a quarterly dividend of $0.12 per share, representing an annual yield of 3.1%, to be paid on September 15th.

Dimensional Fund Advisors LP lowered its stake in F.N.B. Corporation (NYSE:FNB - Free Report) by 2.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,496,795 shares of the bank's stock after selling 517,308 shares during the quarter. Dimensional Fund Advisors LP owned about 5.70% of F.N.B. worth $275,677,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. OneDigital Investment Advisors LLC lifted its holdings in F.N.B. by 19.5% in the 1st quarter. OneDigital Investment Advisors LLC now owns 18,938 shares of the bank's stock valued at $255,000 after acquiring an additional 3,086 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in F.N.B. by 4.8% in the 1st quarter. Teacher Retirement System of Texas now owns 88,338 shares of the bank's stock valued at $1,188,000 after acquiring an additional 4,078 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in F.N.B. by 159.3% in the 1st quarter. GSA Capital Partners LLP now owns 83,041 shares of the bank's stock valued at $1,117,000 after acquiring an additional 51,011 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in F.N.B. by 7.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 42,438 shares of the bank's stock valued at $571,000 after acquiring an additional 2,983 shares during the last quarter. Finally, Jefferies Financial Group Inc. acquired a new stake in F.N.B. in the 1st quarter valued at about $641,000. 79.25% of the stock is owned by institutional investors and hedge funds.

F.N.B. Stock Up 4.3%

NYSE:FNB traded up $0.6840 during mid-day trading on Friday, reaching $16.5240. The stock had a trading volume of 5,472,283 shares, compared to its average volume of 3,602,842. The business's 50 day moving average is $15.21 and its 200 day moving average is $14.28. F.N.B. Corporation has a fifty-two week low of $10.88 and a fifty-two week high of $17.70. The stock has a market cap of $5.93 billion, a P/E ratio of 12.95, a PEG ratio of 0.91 and a beta of 0.94. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.93 and a quick ratio of 0.93.

F.N.B. (NYSE:FNB - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The bank reported $0.36 EPS for the quarter, topping 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 firm had revenue of $438.21 million for the quarter, compared to the consensus estimate of $424.39 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. As a group, sell-side analysts predict 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 declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.9%. The ex-dividend date is Tuesday, September 2nd. F.N.B.'s dividend payout ratio (DPR) is 37.50%.

Wall Street Analyst Weigh In

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

About F.N.B.

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.