GSA Capital Partners LLP Has $1.12 Million Holdings in F.N.B. Corporation (NYSE:FNB)

Key Points

• GSA Capital Partners LLP increased its stake in F.N.B. Corporation by 159.3% in the first quarter, owning 83,041 shares valued at approximately $1.12 million.
• Analysts have raised their price targets for F.N.B., with Wells Fargo increasing the target from $18.00 to $20.00, and maintaining an "overweight" rating.
• F.N.B. reported quarterly earnings of $0.36 EPS, exceeding estimates, and announced a quarterly dividend of $0.12 per share, reflecting a yield of 3.10%.

GSA Capital Partners LLP lifted its stake in shares of F.N.B. Corporation (NYSE:FNB - Free Report) by 159.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 83,041 shares of the bank's stock after purchasing an additional 51,011 shares during the period. GSA Capital Partners LLP's holdings in F.N.B. were worth $1,117,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in FNB. Geode Capital Management LLC lifted its stake in F.N.B. by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 5,961,104 shares of the bank's stock valued at $88,133,000 after purchasing an additional 21,325 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of F.N.B. by 76.8% during the 4th quarter. First Trust Advisors LP now owns 5,233,363 shares of the bank's stock worth $77,349,000 after acquiring an additional 2,273,736 shares during the period. Norges Bank acquired a new position in shares of F.N.B. during the 4th quarter worth approximately $50,205,000. Northern Trust Corp raised its stake in F.N.B. by 26.4% in the 4th quarter. Northern Trust Corp now owns 3,133,235 shares of the bank's stock valued at $46,309,000 after acquiring an additional 655,383 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH boosted its position in F.N.B. by 9.3% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 1,114,640 shares of the bank's stock worth $14,992,000 after purchasing an additional 94,870 shares during the period. Institutional investors and hedge funds own 79.25% of the company's stock.

F.N.B. Price Performance

NYSE FNB traded up $0.17 during trading on Monday, hitting $15.03. 2,021,690 shares of the company's stock were exchanged, compared to its average volume of 3,281,037. The company has a market cap of $5.41 billion, a PE ratio of 11.71, a P/E/G ratio of 0.85 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. F.N.B. Corporation has a fifty-two week low of $10.88 and a fifty-two week high of $17.70. The stock's 50 day moving average price is $14.80 and its two-hundred day moving average price is $14.28.

F.N.B. (NYSE:FNB - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The bank reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.03. The business had revenue of $438.21 million during the quarter, compared to analysts' expectations 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 period in the prior year, the company earned $0.34 EPS. Research analysts expect that F.N.B. Corporation will post 1.45 EPS for the current year.

F.N.B. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis 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 presently 37.50%.

Analyst Ratings Changes

Several analysts recently commented on the stock. DA Davidson lifted their target price on shares of F.N.B. from $17.00 to $19.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Wall Street Zen raised F.N.B. from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. Wells Fargo & Company increased their price objective on F.N.B. from $18.00 to $20.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $18.50 target price (up previously from $16.50) on shares of F.N.B. in a research report on Monday, July 21st. Finally, Truist Financial boosted their price objective 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 investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, F.N.B. presently has an average rating of "Moderate Buy" and a consensus price target 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.