F.N.B. Corporation (NYSE:FNB) Shares Bought by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has increased its ownership of F.N.B. Corporation by 11.8% after acquiring an additional 22,926 shares, bringing its total holdings to 217,560 shares valued at approximately $2.93 million.
• F.N.B. Corporation reported an earnings per share (EPS) of $0.36 for the last quarter, surpassing analysts' estimates of $0.33, with revenues reaching $438.21 million, above the expected $424.39 million.
• The company declared a quarterly dividend of $0.12, yielding an annualized dividend amount of $0.48 and a dividend yield of 3.08%, with a payout ratio of 37.50%.

Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in F.N.B. Corporation (NYSE:FNB - Free Report) by 11.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 217,560 shares of the bank's stock after purchasing an additional 22,926 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of F.N.B. worth $2,926,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FNB. LPL Financial LLC lifted its stake in F.N.B. by 195.3% in the fourth quarter. LPL Financial LLC now owns 223,285 shares of the bank's stock worth $3,300,000 after acquiring an additional 147,684 shares during the last quarter. Vanguard Group Inc. lifted its stake in F.N.B. by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 39,416,478 shares of the bank's stock worth $582,576,000 after acquiring an additional 305,826 shares during the last quarter. Prudential Financial Inc. lifted its stake in F.N.B. by 51.1% in the fourth quarter. Prudential Financial Inc. now owns 112,920 shares of the bank's stock worth $1,669,000 after acquiring an additional 38,180 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in F.N.B. by 1.0% in the fourth quarter. JPMorgan Chase & Co. now owns 996,865 shares of the bank's stock worth $14,734,000 after acquiring an additional 9,781 shares during the last quarter. Finally, Norges Bank purchased a new position in F.N.B. in the fourth quarter worth approximately $50,205,000. Hedge funds and other institutional investors own 79.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FNB. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $18.50 price target (up previously from $16.50) on shares of F.N.B. in a research note on Monday, July 21st. Wells Fargo & Company lifted their price target on shares of F.N.B. from $18.00 to $20.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Truist Financial lifted their price target on shares of F.N.B. from $17.50 to $18.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. DA Davidson boosted their price objective on shares of F.N.B. from $17.00 to $19.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Finally, Wall Street Zen upgraded shares of F.N.B. from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.64.

F.N.B. Price Performance

Shares of NYSE:FNB traded down $0.47 on Friday, reaching $14.85. 8,160,364 shares of the company were exchanged, compared to its average volume of 3,290,089. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.41. F.N.B. Corporation has a 1-year low of $10.88 and a 1-year high of $17.70. The firm has a market cap of $5.34 billion, a price-to-earnings ratio of 11.60, a price-to-earnings-growth ratio of 0.91 and a beta of 0.92. The company has a 50-day moving average of $14.78 and a 200-day moving average of $14.30.

F.N.B. (NYSE:FNB - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The bank reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.03. F.N.B. had a net margin of 17.88% and a return on equity of 7.94%. The business had revenue of $438.21 million for the quarter, compared to analysts' expectations of $424.39 million. During the same period in the prior year, the company posted $0.34 EPS. Equities analysts forecast that F.N.B. Corporation will post 1.45 earnings per share for the current fiscal year.

F.N.B. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 2nd. F.N.B.'s dividend payout ratio is presently 37.50%.

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.