Two Sigma Investments LP reduced its holdings in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 44.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 353,924 shares of the bank's stock after selling 285,500 shares during the quarter. Two Sigma Investments LP owned 0.10% of F.N.B. worth $5,231,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the business. World Investment Advisors lifted its stake in shares of F.N.B. by 2.3% in the 4th quarter. World Investment Advisors now owns 29,393 shares of the bank's stock valued at $434,000 after acquiring an additional 667 shares during the last quarter. Savant Capital LLC raised its position in F.N.B. by 1.4% in the fourth quarter. Savant Capital LLC now owns 52,065 shares of the bank's stock valued at $770,000 after purchasing an additional 708 shares during the last quarter. Forum Financial Management LP boosted its stake in shares of F.N.B. by 5.9% during the fourth quarter. Forum Financial Management LP now owns 13,258 shares of the bank's stock valued at $196,000 after purchasing an additional 744 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of F.N.B. by 0.7% during the fourth quarter. Arizona State Retirement System now owns 104,354 shares of the bank's stock valued at $1,542,000 after purchasing an additional 765 shares in the last quarter. Finally, United Services Automobile Association grew its holdings in shares of F.N.B. by 3.7% during the fourth quarter. United Services Automobile Association now owns 24,524 shares of the bank's stock worth $362,000 after purchasing an additional 870 shares during the last quarter. 79.25% of the stock is owned by institutional investors and hedge funds.
F.N.B. Trading Down 1.0%
Shares of NYSE:FNB traded down $0.14 during midday trading on Friday, reaching $13.88. The company's stock had a trading volume of 1,979,817 shares, compared to its average volume of 2,505,302. F.N.B. Co. has a fifty-two week low of $10.88 and a fifty-two week high of $17.70. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a 50 day moving average price of $13.26 and a two-hundred day moving average price of $14.53. The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of 11.02, a PEG ratio of 3.60 and a beta of 0.88.
F.N.B. (NYSE:FNB - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The bank reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 8.30% and a net margin of 18.12%. During the same period in the prior year, the business earned $0.34 EPS. As a group, analysts forecast that F.N.B. Co. will post 1.45 earnings per share for the current year.
F.N.B. Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend is Monday, June 2nd. F.N.B.'s payout ratio is 38.10%.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on FNB. Keefe, Bruyette & Woods raised shares of 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 note on Monday, April 21st. DA Davidson reaffirmed a "buy" rating and set a $19.00 target price on shares of F.N.B. in a report on Thursday, April 17th. Wells Fargo & Company reduced their price target on 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, Truist Financial initiated coverage on F.N.B. in a research report on Tuesday, May 13th. They set a "buy" rating and a $16.50 price objective for the company. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, F.N.B. currently has an average rating of "Buy" and an average target price of $17.57.
Get Our Latest Research 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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