KBC Group NV decreased its holdings in F.N.B. Corporation (NYSE:FNB - Free Report) by 94.6% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,493 shares of the bank's stock after selling 271,272 shares during the period. KBC Group NV's holdings in F.N.B. were worth $208,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. AlphaQuest LLC lifted its holdings in F.N.B. by 3,589.8% in the 4th quarter. AlphaQuest LLC now owns 1,808 shares of the bank's stock worth $27,000 after buying an additional 1,759 shares during the period. Headlands Technologies LLC bought a new position in shares of F.N.B. during the fourth quarter valued at approximately $39,000. Parallel Advisors LLC raised its stake in F.N.B. by 47.4% during the first quarter. Parallel Advisors LLC now owns 3,096 shares of the bank's stock valued at $42,000 after buying an additional 995 shares during the last quarter. Harbor Investment Advisory LLC bought a new position in F.N.B. in the 1st quarter worth about $47,000. Finally, UMB Bank n.a. grew its holdings in shares of F.N.B. by 34.5% during the first quarter. UMB Bank n.a. now owns 4,345 shares of the bank's stock valued at $58,000 after buying an additional 1,115 shares during the last quarter. Institutional investors own 79.25% of the company's stock.
Wall Street Analyst Weigh In
Several research firms recently commented on FNB. Wells Fargo & Company reduced their price objective on F.N.B. from $18.00 to $16.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Truist Financial assumed coverage on F.N.B. in a report on Tuesday, May 13th. They set a "buy" rating and a $16.50 price target on the stock. Wall Street Zen lowered F.N.B. from a "hold" rating to a "sell" rating in a research note on Saturday. Keefe, Bruyette & Woods upgraded shares of F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 target price for the company in a report on Monday, April 21st. Finally, DA Davidson reissued a "buy" rating and issued a $19.00 price objective on shares of F.N.B. in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, F.N.B. has an average rating of "Moderate Buy" and an average price target of $17.57.
Check Out Our Latest Analysis on FNB
F.N.B. Stock Performance
Shares of FNB traded down $0.06 during trading hours on Monday, hitting $15.52. The stock had a trading volume of 5,159,403 shares, compared to its average volume of 2,617,670. F.N.B. Corporation has a fifty-two week low of $10.88 and a fifty-two week high of $17.70. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.92 and a current ratio of 0.93. The firm has a 50-day moving average price of $14.07 and a 200 day moving average price of $14.16. The firm has a market capitalization of $5.58 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 1.12 and a beta of 0.92.
F.N.B. (NYSE:FNB - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The bank reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.02. The firm had revenue of $411.61 million for the quarter, compared to analysts' expectations of $409.52 million. F.N.B. had a net margin of 17.78% and a return on equity of 7.97%. During the same quarter last year, the company earned $0.34 EPS. As a group, research analysts anticipate that F.N.B. Corporation will post 1.45 EPS for the current year.
F.N.B. Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Sunday, June 15th. Stockholders of record on Monday, June 2nd were given a $0.12 dividend. The ex-dividend date was Monday, June 2nd. This represents a $0.48 annualized dividend and a dividend yield of 3.09%. F.N.B.'s dividend payout ratio (DPR) is presently 38.10%.
About F.N.B.
(
Free Report)
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.
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