Quantinno Capital Management LP Purchases 86,350 Shares of F.N.B. Co. (NYSE:FNB)

Quantinno Capital Management LP boosted its position in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 64.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 220,043 shares of the bank's stock after purchasing an additional 86,350 shares during the quarter. Quantinno Capital Management LP owned about 0.06% of F.N.B. worth $3,252,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FNB. Vanguard Group Inc. raised its stake in F.N.B. by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 39,416,478 shares of the bank's stock worth $582,576,000 after acquiring an additional 305,826 shares during the period. PL Capital Advisors LLC purchased a new position in shares of F.N.B. in the fourth quarter valued at $308,616,000. Geode Capital Management LLC grew its holdings in shares of F.N.B. by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 5,961,104 shares of the bank's stock valued at $88,133,000 after purchasing an additional 21,325 shares in the last quarter. First Trust Advisors LP lifted its position in F.N.B. by 76.8% in the fourth quarter. First Trust Advisors LP now owns 5,233,363 shares of the bank's stock worth $77,349,000 after buying an additional 2,273,736 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in F.N.B. by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,940,425 shares of the bank's stock worth $58,239,000 after buying an additional 51,862 shares during the last quarter. 79.25% of the stock is owned by hedge funds and other institutional investors.

F.N.B. Stock Performance

Shares of NYSE:FNB traded down $0.09 during trading on Friday, reaching $13.84. The company had a trading volume of 1,806,593 shares, compared to its average volume of 2,498,085. The stock's fifty day moving average price is $13.24 and its 200 day moving average price is $14.62. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of 10.98, a price-to-earnings-growth ratio of 3.60 and a beta of 0.88. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.94 and a quick ratio of 0.94. F.N.B. Co. has a fifty-two week low of $10.88 and a fifty-two week high of $17.70.

F.N.B. (NYSE:FNB - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The bank reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. F.N.B. had a return on equity of 8.30% and a net margin of 18.12%. The business had revenue of $411.61 million for the quarter, compared to analyst estimates of $409.52 million. During the same period in the previous year, the company posted $0.34 EPS. As a group, equities research analysts predict that F.N.B. Co. will post 1.45 EPS for the current year.

F.N.B. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.12 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.48 annualized dividend and a yield of 3.47%. F.N.B.'s payout ratio is 38.10%.

Analysts Set New Price Targets

FNB has been the subject of a number of analyst reports. DA Davidson restated a "buy" rating and issued a $19.00 price target on shares of F.N.B. in a research report on Thursday, April 17th. Wells Fargo & Company decreased their target price on 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. Keefe, Bruyette & Woods upgraded 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 report on Monday, April 21st. Finally, Truist Financial initiated coverage on F.N.B. in a research report on Tuesday, May 13th. They set a "buy" rating and a $16.50 target price for the company. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $17.57.

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.