Rafferty Asset Management LLC Has $6.61 Million Holdings in F.N.B. Co. (NYSE:FNB)

Rafferty Asset Management LLC cut its stake in F.N.B. Co. (NYSE:FNB - Free Report) by 13.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 446,951 shares of the bank's stock after selling 72,305 shares during the period. Rafferty Asset Management LLC owned approximately 0.12% of F.N.B. worth $6,606,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of FNB. AlphaQuest LLC raised 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 valued at $27,000 after acquiring an additional 1,759 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of F.N.B. in the 4th quarter valued at $39,000. Sandy Spring Bank bought a new position in shares of F.N.B. during the 4th quarter worth about $67,000. R Squared Ltd bought a new stake in F.N.B. in the fourth quarter valued at about $69,000. Finally, Smartleaf Asset Management LLC lifted its stake in F.N.B. by 40.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,701 shares of the bank's stock worth $84,000 after purchasing an additional 1,631 shares during the period. 79.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

F.N.B. Price Performance

NYSE FNB traded down $0.17 on Friday, hitting $13.77. 283,612 shares of the company were exchanged, compared to its average volume of 2,751,195. F.N.B. Co. has a 1-year low of $10.88 and a 1-year high of $17.70. The firm has a 50 day moving average of $13.23 and a two-hundred day moving average of $14.65. 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 company has a market cap of $4.95 billion, a P/E ratio of 10.92, a P/E/G ratio of 3.60 and a beta of 0.88.

F.N.B. (NYSE:FNB - Get Free Report) last announced its earnings results on Wednesday, April 16th. The bank reported $0.32 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $409.52 million. During the same period in the previous year, the firm posted $0.34 earnings per share. On average, equities analysts predict that F.N.B. Co. will post 1.45 EPS for the current year.

F.N.B. Dividend Announcement

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 issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Monday, June 2nd. F.N.B.'s dividend payout ratio is 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.