KBC Group NV Decreases Stock Holdings in F.N.B. Corporation (NYSE:FNB)

KBC Group NV decreased its position in F.N.B. Corporation (NYSE:FNB - Free Report) by 94.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AlphaQuest LLC increased its stake in shares of F.N.B. by 3,589.8% during the 4th quarter. AlphaQuest LLC now owns 1,808 shares of the bank's stock worth $27,000 after purchasing an additional 1,759 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of F.N.B. during the 4th quarter worth approximately $39,000. Parallel Advisors LLC increased its stake in shares of F.N.B. by 47.4% during the 1st quarter. Parallel Advisors LLC now owns 3,096 shares of the bank's stock worth $42,000 after purchasing an additional 995 shares during the last quarter. Harbor Investment Advisory LLC purchased a new stake in shares of F.N.B. during the 1st quarter worth approximately $47,000. Finally, UMB Bank n.a. increased its stake in shares of F.N.B. by 34.5% during the 1st quarter. UMB Bank n.a. now owns 4,345 shares of the bank's stock worth $58,000 after purchasing an additional 1,115 shares during the last quarter. Hedge funds and other institutional investors own 79.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Keefe, Bruyette & Woods upgraded shares of F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 price objective for the company in a research note on Monday, April 21st. Wall Street Zen lowered shares of F.N.B. from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. Wells Fargo & Company raised their price target on shares of F.N.B. from $16.00 to $18.00 and gave the company an "overweight" rating in a report on Thursday. Truist Financial initiated coverage on shares of F.N.B. in a report on Tuesday, May 13th. They issued a "buy" rating and a $16.50 price target for the company. Finally, DA Davidson reissued a "buy" rating and issued a $19.00 price target on shares of F.N.B. in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, F.N.B. has an average rating of "Moderate Buy" and a consensus target price of $17.86.

F.N.B. Price Performance

Shares of NYSE FNB traded up $0.21 during mid-day trading on Thursday, reaching $16.02. 3,249,259 shares of the company were exchanged, compared to its average volume of 2,640,433. F.N.B. Corporation has a 52 week low of $10.88 and a 52 week high of $17.70. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $5.76 billion, a PE ratio of 12.71, a PEG ratio of 1.13 and a beta of 0.92. The company's 50 day moving average price is $14.22 and its 200 day moving average price is $14.19.

F.N.B. (NYSE:FNB - Get Free Report) last issued its earnings results on Wednesday, April 16th. The bank reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.02. The company 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. Sell-side analysts forecast that F.N.B. Corporation will post 1.45 earnings per share for the current fiscal year.

F.N.B. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, June 15th. Investors of record on Monday, June 2nd were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend was Monday, June 2nd. F.N.B.'s payout ratio is presently 38.10%.

F.N.B. Company 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.