F.N.B. Corporation (NYSE:FNB) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Key Points

• Zurcher Kantonalbank increased its holdings in F.N.B. Corporation by 16.7%, owning 118,183 shares worth approximately $1.59 million as of the latest SEC filing.
• F.N.B. reported earnings of $0.36 per share for the last quarter, surpassing analysts' expectations of $0.33, alongside a revenue of $438.21 million.
• The bank announced a quarterly dividend of $0.12 per share, representing an annualized dividend yield of 3.2%.

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of F.N.B. Corporation (NYSE:FNB - Free Report) by 16.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 118,183 shares of the bank's stock after purchasing an additional 16,954 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in F.N.B. were worth $1,590,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. OneDigital Investment Advisors LLC raised its position in shares of F.N.B. by 19.5% in the first quarter. OneDigital Investment Advisors LLC now owns 18,938 shares of the bank's stock worth $255,000 after buying an additional 3,086 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in shares of F.N.B. by 4.8% in the 1st quarter. Teacher Retirement System of Texas now owns 88,338 shares of the bank's stock valued at $1,188,000 after acquiring an additional 4,078 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of F.N.B. by 51.1% during the 4th quarter. Prudential Financial Inc. now owns 112,920 shares of the bank's stock valued at $1,669,000 after acquiring an additional 38,180 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of F.N.B. by 7.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 42,438 shares of the bank's stock worth $571,000 after purchasing an additional 2,983 shares in the last quarter. Finally, AA Financial Advisors LLC purchased a new position in shares of F.N.B. during the first quarter worth about $269,000. 79.25% of the stock is owned by institutional investors.

F.N.B. Price Performance

FNB traded down $0.11 during trading on Thursday, reaching $14.78. 2,365,376 shares of the company traded hands, compared to its average volume of 3,328,355. F.N.B. Corporation has a 12-month low of $10.88 and a 12-month high of $17.70. The firm has a fifty day simple moving average of $14.86 and a 200 day simple moving average of $14.29. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $5.32 billion, a P/E ratio of 11.59, a PEG ratio of 0.86 and a beta of 0.94.

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

F.N.B. Announces Dividend

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

Analyst Upgrades and Downgrades

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

F.N.B. Company 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.