47,671 Shares in F.N.B. Corporation (NYSE:FNB) Purchased by Jefferies Financial Group Inc.

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

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GSA Capital Partners LLP raised its holdings in shares of F.N.B. by 159.3% in the first quarter. GSA Capital Partners LLP now owns 83,041 shares of the bank's stock valued at $1,117,000 after buying an additional 51,011 shares during the last quarter. Federated Hermes Inc. raised 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 valued at $4,245,000 after acquiring an additional 892 shares during the last quarter. Meeder Asset Management Inc. raised its stake in F.N.B. by 233.5% during the 1st quarter. Meeder Asset Management Inc. now owns 3,445 shares of the bank's stock valued at $46,000 after acquiring an additional 2,412 shares during the last quarter. Meeder Advisory Services Inc. lifted its position in F.N.B. by 16.6% during the 1st quarter. Meeder Advisory Services Inc. now owns 13,821 shares of the bank's stock worth $186,000 after acquiring an additional 1,966 shares during the period. Finally, LPL Financial LLC grew its stake in shares of F.N.B. by 0.4% in 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. Hedge funds and other institutional investors own 79.25% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. DA Davidson upped their price target on F.N.B. from $17.00 to $19.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. 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 research note on Tuesday, July 22nd. Wells Fargo & Company upped their price objective on shares of 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 reaffirmed an "outperform" rating and issued a $18.50 target price (up previously from $16.50) on shares of F.N.B. in a report on Monday, July 21st. Finally, Wall Street Zen upgraded shares of F.N.B. from a "sell" rating to a "hold" rating in a research note on Sunday, July 13th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $18.64.

F.N.B. Price Performance

F.N.B. stock traded up $0.18 during midday trading on Friday, reaching $14.93. The company's stock had a trading volume of 2,201,476 shares, compared to its average volume of 6,470,629. The firm has a market capitalization of $5.37 billion, a PE ratio of 11.66, a P/E/G ratio of 0.85 and a beta of 0.94. 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 simple moving average is $14.90 and its 200 day simple moving average is $14.27. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.93 and a current ratio of 0.93.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.03. The business had revenue of $438.21 million during the quarter, compared to the consensus estimate 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 last year, the firm posted $0.34 EPS. On average, equities research analysts forecast that F.N.B. Corporation will post 1.45 earnings per share 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. Investors of record on Tuesday, September 2nd will be issued a $0.12 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.2%. F.N.B.'s dividend payout ratio is currently 37.50%.

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.