Nuveen Asset Management LLC cut its position in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 6.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 932,379 shares of the bank's stock after selling 69,129 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.26% of F.N.B. worth $13,781,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. PL Capital Advisors LLC purchased a new stake in shares of F.N.B. during the 4th quarter valued at about $308,616,000. Norges Bank purchased a new stake in shares of F.N.B. in the fourth quarter worth approximately $50,205,000. First Trust Advisors LP boosted its position in 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 valued at $77,349,000 after acquiring an additional 2,273,736 shares in the last quarter. Raymond James Financial Inc. purchased a new position in F.N.B. in the 4th quarter worth $15,801,000. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of F.N.B. during the 4th quarter valued at about $12,952,000. 79.25% of the stock is currently owned by institutional investors.
F.N.B. Stock Performance
Shares of FNB stock traded down $0.14 on Friday, reaching $13.88. The stock had a trading volume of 1,979,817 shares, compared to its average volume of 2,505,302. The firm's 50-day moving average is $13.26 and its two-hundred day moving average is $14.55. F.N.B. Co. has a 12 month low of $10.88 and a 12 month high of $17.70. The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of 11.02, a P/E/G ratio of 3.60 and a beta of 0.88. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.48.
F.N.B. (NYSE:FNB - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The bank reported $0.32 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.02. F.N.B. had a net margin of 18.12% and a return on equity of 8.30%. The company had revenue of $411.61 million for the quarter, compared to analysts' expectations of $409.52 million. During the same period in the prior year, the company posted $0.34 EPS. On average, research analysts expect that F.N.B. Co. will post 1.45 EPS for the current fiscal year.
F.N.B. Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.46%. The ex-dividend date is Monday, June 2nd. F.N.B.'s payout ratio is 38.10%.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on FNB. DA Davidson reissued a "buy" rating and issued a $19.00 target price on shares of F.N.B. in a research report on Thursday, April 17th. Keefe, Bruyette & Woods raised 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 research note on Monday, April 21st. Truist Financial assumed coverage on shares of F.N.B. in a research report on Tuesday, May 13th. They issued a "buy" rating and a $16.50 target price for the company. Finally, Wells Fargo & Company decreased their target price on shares of F.N.B. from $18.00 to $16.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a hold 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, the company has an average rating of "Buy" and an average price target of $17.57.
View Our Latest Report on FNB
F.N.B. Profile
(
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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