Squarepoint Ops LLC lifted its position in F.N.B. Co. (NYSE:FNB - Free Report) by 411.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 495,373 shares of the bank's stock after purchasing an additional 398,501 shares during the quarter. Squarepoint Ops LLC owned about 0.14% of F.N.B. worth $7,322,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in FNB. AlphaQuest LLC increased its holdings in shares of F.N.B. by 3,589.8% in the fourth quarter. AlphaQuest LLC now owns 1,808 shares of the bank's stock worth $27,000 after purchasing an additional 1,759 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of F.N.B. in the fourth quarter worth about $39,000. Sandy Spring Bank bought a new stake in shares of F.N.B. in the fourth quarter worth about $67,000. R Squared Ltd bought a new stake in shares of F.N.B. in the fourth quarter worth about $69,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of F.N.B. by 40.1% in 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 last quarter. 79.25% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the company. DA Davidson reaffirmed a "buy" rating and issued a $19.00 target price on shares of F.N.B. in a report on Thursday, April 17th. Wells Fargo & Company reduced their target price on F.N.B. from $18.00 to $16.00 and set an "overweight" rating on the stock in a 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 price target for the company in a research report on Monday, April 21st. Finally, Truist Financial began coverage on F.N.B. in a research report on Tuesday, May 13th. They issued a "buy" rating and a $16.50 price target for the company. 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 stock. Based on data from MarketBeat.com, F.N.B. presently has a consensus rating of "Buy" and an average price target of $17.57.
Get Our Latest Report on F.N.B.
F.N.B. Trading Down 1.0%
FNB traded down $0.14 on Friday, hitting $13.89. The company had a trading volume of 283,837 shares, compared to its average volume of 2,494,800. The company has a market cap of $5.00 billion, a PE ratio of 11.01, a PEG ratio of 3.60 and a beta of 0.88. F.N.B. Co. has a 12-month low of $10.88 and a 12-month high of $17.70. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.48. The business's fifty day simple moving average is $13.26 and its 200 day simple moving average is $14.58.
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 (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.02. The business had revenue of $411.61 million during the quarter, compared to analyst estimates of $409.52 million. F.N.B. had a return on equity of 8.30% and a net margin of 18.12%. During the same quarter in the previous year, the business earned $0.34 earnings per share. Equities research analysts expect that F.N.B. Co. will post 1.45 EPS for the current year.
F.N.B. Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.46%. F.N.B.'s dividend payout ratio is 38.10%.
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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