Universal Beteiligungs und Servicegesellschaft mbH Purchases New Position in F.N.B. Co. (NYSE:FNB)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of F.N.B. Co. (NYSE:FNB - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 194,634 shares of the bank's stock, valued at approximately $2,877,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.05% of F.N.B. as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. AlphaQuest LLC lifted its holdings in shares of F.N.B. by 3,589.8% during the 4th quarter. AlphaQuest LLC now owns 1,808 shares of the bank's stock worth $27,000 after acquiring an additional 1,759 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of F.N.B. during the 4th quarter worth $39,000. Sandy Spring Bank bought a new stake in shares of F.N.B. during the 4th quarter worth $67,000. Smartleaf Asset Management LLC lifted its holdings in shares of F.N.B. by 40.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 5,701 shares of the bank's stock worth $84,000 after acquiring an additional 1,631 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in shares of F.N.B. by 20.4% during the 4th quarter. Covestor Ltd now owns 9,876 shares of the bank's stock worth $146,000 after acquiring an additional 1,673 shares during the last quarter. 79.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wells Fargo & Company dropped their price objective on shares of F.N.B. from $18.00 to $16.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Truist Financial began coverage on shares of F.N.B. in a research note on Tuesday, May 13th. They issued a "buy" rating and a $16.50 price target for the company. 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 research note on Monday, April 21st. Finally, DA Davidson restated a "buy" rating and set a $19.00 target price on shares of F.N.B. in a report on Thursday, April 17th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $17.57.

F.N.B. Trading Up 2.6%

Shares of FNB stock traded up $0.36 during mid-day trading on Friday, reaching $14.07. The stock had a trading volume of 2,548,247 shares, compared to its average volume of 2,524,406. The stock's 50-day moving average price is $13.28 and its two-hundred day moving average price is $14.47. F.N.B. Co. has a 52-week low of $10.88 and a 52-week high of $17.70. The firm has a market capitalization of $5.06 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 3.60 and a beta of 0.88. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.02. F.N.B. had a net margin of 18.12% and a return on equity of 8.30%. The firm had revenue of $411.61 million for the quarter, compared to analysts' expectations of $409.52 million. During the same quarter in the previous year, the company earned $0.34 earnings per share. Equities analysts expect 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 disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Monday, June 2nd. F.N.B.'s payout ratio is 38.10%.

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.