Universal Beteiligungs und Servicegesellschaft mbH Purchases 22,926 Shares of F.N.B. Corporation (NYSE:FNB)

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% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 217,560 shares of the bank's stock after acquiring an additional 22,926 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of F.N.B. worth $2,926,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Headlands Technologies LLC bought a new stake in shares of F.N.B. in the 4th quarter worth about $39,000. Parallel Advisors LLC increased its position in shares of F.N.B. by 47.4% in the 1st quarter. Parallel Advisors LLC now owns 3,096 shares of the bank's stock worth $42,000 after purchasing an additional 995 shares during the last quarter. Smallwood Wealth Investment Management LLC bought a new stake in shares of F.N.B. in the 1st quarter worth about $42,000. Harbor Investment Advisory LLC bought a new stake in shares of F.N.B. in the 1st quarter worth about $47,000. Finally, UMB Bank n.a. boosted its holdings in shares of F.N.B. by 34.5% in the 1st quarter. UMB Bank n.a. now owns 4,345 shares of the bank's stock valued at $58,000 after buying an additional 1,115 shares during the period. Hedge funds and other institutional investors own 79.25% of the company's stock.

F.N.B. Trading Down 3.1%

Shares of FNB stock traded down $0.47 during trading hours on Friday, reaching $14.85. 8,160,364 shares of the stock traded hands, compared to its average volume of 5,873,108. F.N.B. Corporation has a 1-year low of $10.88 and a 1-year high of $17.70. The business has a fifty day moving average price of $14.80 and a 200 day moving average price of $14.30. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $5.34 billion, a PE ratio of 11.60, a PEG ratio of 0.90 and a beta of 0.94.

F.N.B. (NYSE:FNB - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The bank reported $0.36 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $424.39 million. During the same quarter in the previous year, the business earned $0.34 earnings per share. On average, equities research analysts forecast that F.N.B. Corporation 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 Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 2nd. F.N.B.'s payout ratio is currently 37.50%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $18.50 target price (up from $16.50) on shares of F.N.B. in a research note on Monday, July 21st. DA Davidson boosted their target price on shares of F.N.B. from $17.00 to $19.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Truist Financial boosted 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 report on Tuesday, July 22nd. 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. Finally, Wells Fargo & Company boosted 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 report on Monday, July 21st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $18.64.

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.