Jefferies Financial Group Inc. Takes $641,000 Position in F.N.B. Corporation (NYSE:FNB)

Jefferies Financial Group Inc. bought a new position in shares of F.N.B. Corporation (NYSE:FNB - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 47,671 shares of the bank's stock, valued at approximately $641,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Forum Financial Management LP boosted its stake in F.N.B. by 5.9% in the fourth quarter. Forum Financial Management LP now owns 13,258 shares of the bank's stock valued at $196,000 after acquiring an additional 744 shares in the last quarter. Verdence Capital Advisors LLC lifted its holdings in shares of F.N.B. by 3.2% during the 1st quarter. Verdence Capital Advisors LLC now owns 25,489 shares of the bank's stock valued at $343,000 after purchasing an additional 783 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of F.N.B. by 0.4% during the 1st quarter. LPL Financial LLC now owns 224,171 shares of the bank's stock valued at $3,015,000 after purchasing an additional 886 shares during the last quarter. Federated Hermes Inc. boosted its position in shares of F.N.B. by 0.3% in 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 in the last quarter. Finally, State of Michigan Retirement System grew its stake in F.N.B. by 1.1% during the 1st quarter. State of Michigan Retirement System now owns 86,051 shares of the bank's stock worth $1,157,000 after buying an additional 900 shares during the last quarter. Institutional investors own 79.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FNB. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $18.50 price target (up from $16.50) on shares of F.N.B. in a research note on Monday, July 21st. Truist Financial increased 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 report on Tuesday, July 22nd. 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. Wells Fargo & Company upped their price target 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. Finally, DA Davidson lifted their price objective on shares of F.N.B. from $17.00 to $19.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, F.N.B. presently has a consensus rating of "Moderate Buy" and an average price target of $18.64.

F.N.B. Stock Performance

FNB traded up $0.18 during trading on Friday, reaching $14.93. 2,201,476 shares of the company's stock were exchanged, compared to its average volume of 3,333,144. 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. Corporation has a 1 year low of $10.88 and a 1 year high of $17.70. The company's fifty day simple moving average is $14.87 and its 200-day simple moving average is $14.28. The stock has a market capitalization of $5.37 billion, a P/E ratio of 11.66, a price-to-earnings-growth ratio of 0.85 and a beta of 0.94.

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 for the quarter, topping analysts' consensus estimates of $0.33 by $0.03. The firm had revenue of $438.21 million for 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 earned $0.34 earnings per share. As a group, research analysts predict that F.N.B. Corporation will post 1.45 earnings per share for the current fiscal year.

F.N.B. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors 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 is Tuesday, September 2nd. F.N.B.'s payout ratio is currently 37.50%.

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.