UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $14.64 Million Stock Holdings in F.N.B. Co. (NYSE:FNB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in F.N.B. Co. (NYSE:FNB - Free Report) by 12.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 990,569 shares of the bank's stock after purchasing an additional 107,564 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.28% of F.N.B. worth $14,641,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FNB. World Investment Advisors raised its position in shares of F.N.B. by 2.3% during the 4th quarter. World Investment Advisors now owns 29,393 shares of the bank's stock worth $434,000 after buying an additional 667 shares in the last quarter. Savant Capital LLC raised its holdings in F.N.B. by 1.4% during the fourth quarter. Savant Capital LLC now owns 52,065 shares of the bank's stock worth $770,000 after purchasing an additional 708 shares in the last quarter. Forum Financial Management LP lifted its position in F.N.B. by 5.9% in the fourth quarter. Forum Financial Management LP now owns 13,258 shares of the bank's stock worth $196,000 after purchasing an additional 744 shares during the period. Arizona State Retirement System boosted its stake in F.N.B. by 0.7% during the 4th 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 increased its position in shares of F.N.B. by 3.7% during the 4th quarter. United Services Automobile Association now owns 24,524 shares of the bank's stock valued at $362,000 after purchasing an additional 870 shares during the period. Institutional investors and hedge funds own 79.25% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FNB. Wells Fargo & Company reduced their price objective on F.N.B. from $18.00 to $16.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods raised F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 target price for the company in a report on Monday, April 21st. Truist Financial initiated coverage on F.N.B. in a research note on Tuesday, May 13th. They issued a "buy" rating and a $16.50 price target on the stock. Finally, DA Davidson restated a "buy" rating and set a $19.00 price objective on shares of F.N.B. in a report on Thursday, April 17th. 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. Based on data from MarketBeat.com, F.N.B. has an average rating of "Buy" and an average target price of $17.57.

F.N.B. Trading Down 1.0%

NYSE:FNB traded down $0.14 during trading hours on Friday, hitting $13.88. 1,979,817 shares of the stock were exchanged, compared to its average volume of 2,505,302. The company has a market capitalization of $4.99 billion, a P/E ratio of 11.02, a price-to-earnings-growth ratio of 3.60 and a beta of 0.88. 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 company's 50 day moving average is $13.26 and its two-hundred day moving average is $14.56. F.N.B. Co. has a twelve month low of $10.88 and a twelve month high of $17.70.

F.N.B. (NYSE:FNB - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The bank reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.02. The business had revenue of $411.61 million for the quarter, compared to analyst estimates of $409.52 million. F.N.B. had a net margin of 18.12% and a return on equity of 8.30%. During the same quarter last year, the firm earned $0.34 EPS. On average, sell-side analysts anticipate that F.N.B. Co. will post 1.45 earnings per share for the current fiscal year.

F.N.B. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend is Monday, June 2nd. F.N.B.'s dividend payout ratio (DPR) is currently 38.10%.

About F.N.B.

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.