SG Americas Securities LLC bought a new position in shares of F.N.B. Corporation (NYSE:FNB - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 23,682 shares of the bank's stock, valued at approximately $319,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of F.N.B. by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 39,416,478 shares of the bank's stock valued at $582,576,000 after buying an additional 305,826 shares in the last quarter. Geode Capital Management LLC raised its position in F.N.B. by 0.4% during 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 stake in F.N.B. by 76.8% during the fourth 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 last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of F.N.B. by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,940,425 shares of the bank's stock valued at $58,239,000 after purchasing an additional 51,862 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of F.N.B. in the 4th quarter valued at $50,205,000. 79.25% of the stock is currently owned by institutional investors and hedge funds.
F.N.B. Trading Up 2.3%
NYSE FNB opened at $14.59 on Friday. The firm has a market capitalization of $5.25 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 1.02 and a beta of 0.91. The business's 50-day moving average price is $13.81 and its two-hundred day moving average price is $14.20. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.39. F.N.B. Corporation has a 12 month low of $10.88 and a 12 month high of $17.70.
F.N.B. (NYSE:FNB - Get Free Report) last announced its earnings results on Wednesday, April 16th. The bank reported $0.32 EPS for the quarter, beating the consensus estimate of $0.30 by $0.02. F.N.B. had a return on equity of 7.97% and a net margin of 17.78%. The business 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 business posted $0.34 earnings per share. On average, analysts expect that F.N.B. Corporation will post 1.45 EPS for the current year.
F.N.B. Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Sunday, June 15th. Investors of record on Monday, June 2nd were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend was Monday, June 2nd. F.N.B.'s dividend payout ratio is presently 38.10%.
Wall Street Analyst Weigh In
A number of research firms have recently commented on FNB. Keefe, Bruyette & Woods raised F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 price target for the company in a report on Monday, April 21st. Truist Financial started coverage on F.N.B. in a report on Tuesday, May 13th. They set a "buy" rating and a $16.50 price target on the stock. DA Davidson reaffirmed a "buy" rating and issued a $19.00 price objective on shares of F.N.B. in a research note on Thursday, April 17th. Finally, Wells Fargo & Company cut 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 report on Wednesday, April 9th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $17.57.
View Our Latest Stock Report on FNB
About F.N.B.
(
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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