Stanley Laman Group Ltd. Acquires Shares of 235,932 F.N.B. Corporation $FNB

Key Points

• Stanley Laman Group Ltd. has acquired a new position in F.N.B. Corporation, purchasing 235,932 shares valued at approximately $3.44 million, representing 0.07% of the company's stock.
• F.N.B. Corporation recently reported earnings per share (EPS) of $0.40 for the last quarter, with projections for FY earnings set at $1.45 per share.
• The company declared a $0.12 quarterly dividend, yielding 3.2%, with an annualized dividend of $0.48 and a payout ratio of 37.50%.

Stanley Laman Group Ltd. bought a new position in shares of F.N.B. Corporation (NYSE:FNB - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund bought 235,932 shares of the bank's stock, valued at approximately $3,440,000. Stanley Laman Group Ltd. owned 0.07% of F.N.B. at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. McClarren Financial Advisors Inc. purchased a new stake in F.N.B. during the first quarter worth about $28,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of F.N.B. during the 1st quarter valued at approximately $34,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of F.N.B. during the 1st quarter worth approximately $42,000. AlphaQuest LLC increased its stake in shares of F.N.B. by 82.2% during the 1st quarter. AlphaQuest LLC now owns 3,295 shares of the bank's stock worth $44,000 after purchasing an additional 1,487 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its holdings in shares of F.N.B. by 233.5% in the 1st quarter. Meeder Asset Management Inc. now owns 3,445 shares of the bank's stock worth $46,000 after purchasing an additional 2,412 shares during the period. 79.25% of the stock is owned by hedge funds and other institutional investors.

F.N.B. Price Performance

Shares of NYSE FNB opened at $15.12 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.93 and a current ratio of 0.93. F.N.B. Corporation has a fifty-two week low of $10.88 and a fifty-two week high of $17.70. The stock has a market cap of $5.43 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 0.97 and a beta of 0.94. The stock has a fifty day moving average of $16.12 and a 200-day moving average of $14.80.

F.N.B. (NYSE:FNB - Get Free Report) last issued its quarterly earnings data on Thursday, June 20th. The bank reported $0.40 earnings per share (EPS) for the quarter. The business had revenue of $419.30 million for the quarter. F.N.B. had a return on equity of 8.29% and a net margin of 19.23%. Equities research analysts anticipate that F.N.B. Corporation will post 1.45 earnings per share for the current year.

F.N.B. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.48 annualized dividend and a yield of 3.2%. F.N.B.'s payout ratio is currently 37.50%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FNB. Truist Financial increased their price objective on F.N.B. from $17.50 to $18.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. DA Davidson increased their price target on F.N.B. from $17.00 to $19.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Wall Street Zen raised F.N.B. from a "sell" rating to a "hold" rating in a report on Sunday, July 13th. Weiss Ratings restated a "buy (b)" rating on shares of F.N.B. in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company increased their target price on shares of F.N.B. from $18.00 to $20.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Eight investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $18.64.

F.N.B. 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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