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

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

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of 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 purchasing an additional 305,826 shares during the period. PL Capital Advisors LLC bought a new position in shares of F.N.B. during the 4th quarter worth about $308,616,000. Geode Capital Management LLC increased its holdings in shares of F.N.B. by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 5,961,104 shares of the bank's stock worth $88,133,000 after purchasing an additional 21,325 shares during the period. First Trust Advisors LP increased its holdings in shares of 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 worth $77,349,000 after purchasing an additional 2,273,736 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of F.N.B. by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,940,425 shares of the bank's stock worth $58,239,000 after purchasing an additional 51,862 shares during the period. Institutional investors own 79.25% of the company's stock.

Insiders Place Their Bets

In other F.N.B. news, Director David L. Motley sold 15,000 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $15.51, for a total transaction of $232,650.00. Following the sale, the director now directly owns 65,344 shares of the company's stock, valued at approximately $1,013,485.44. This represents a 18.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.37% of the company's stock.

F.N.B. Price Performance

Shares of F.N.B. stock opened at $14.37 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $5.17 billion, a price-to-earnings ratio of 11.40, a P/E/G ratio of 3.60 and a beta of 0.88. F.N.B. Co. has a 1-year low of $10.88 and a 1-year high of $17.70. The firm's 50-day moving average price is $13.19 and its two-hundred day moving average price is $14.66.

F.N.B. (NYSE:FNB - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The bank reported $0.32 earnings per share for the quarter, topping the consensus estimate 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 18.12% and a return on equity of 8.30%. During the same period in the prior year, the firm earned $0.34 earnings per share. On average, equities analysts predict that F.N.B. Co. will post 1.45 earnings per share for the current fiscal year.

F.N.B. Announces Dividend

The company also recently disclosed 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 of this dividend is Monday, June 2nd. This represents a $0.48 annualized dividend and a yield of 3.34%. F.N.B.'s dividend payout ratio is 38.10%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on FNB shares. Piper Sandler dropped their price objective on shares of F.N.B. from $19.00 to $18.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. Truist Financial initiated coverage on shares of F.N.B. in a research note on Tuesday, May 13th. They issued a "buy" rating and a $16.50 target price on the stock. Wells Fargo & Company lowered their target price on shares of F.N.B. from $18.00 to $16.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. DA Davidson reissued a "buy" rating and issued a $19.00 target price on shares of F.N.B. in a research note on Thursday, April 17th. Finally, 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 on the stock in a research note on Monday, April 21st. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $17.57.

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.

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