F.N.B. Co. (NYSE:FNB) Stock Holdings Lifted by Fmr LLC

FMR LLC lifted its stake in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,647,865 shares of the bank's stock after purchasing an additional 42,922 shares during the quarter. FMR LLC owned about 4.91% of F.N.B. worth $260,835,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in F.N.B. by 0.8% during 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 period. PL Capital Advisors LLC acquired a new stake in shares of F.N.B. in the fourth quarter valued at about $308,616,000. Geode Capital Management LLC lifted its position in shares of F.N.B. by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 5,961,104 shares of the bank's stock valued at $88,133,000 after acquiring an additional 21,325 shares during the period. Principal Financial Group Inc. increased its stake in F.N.B. by 2.6% in the 3rd quarter. Principal Financial Group Inc. now owns 4,952,429 shares of the bank's stock valued at $69,879,000 after purchasing an additional 127,516 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in F.N.B. by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,940,425 shares of the bank's stock worth $58,239,000 after purchasing an additional 51,862 shares in the last quarter. Institutional investors and hedge funds own 79.25% of the company's stock.

F.N.B. Trading Up 3.4 %

FNB traded up $0.42 during trading on Thursday, hitting $12.65. 1,805,240 shares of the company's stock were exchanged, compared to its average volume of 2,441,049. The stock has a 50 day moving average price of $13.68 and a 200 day moving average price of $14.76. 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. Co. has a 1 year low of $10.88 and a 1 year high of $17.70. The firm has a market cap of $4.55 billion, a P/E ratio of 10.04, a price-to-earnings-growth ratio of 3.60 and a beta of 0.86.

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

F.N.B. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend was Monday, March 3rd. F.N.B.'s dividend payout ratio is currently 38.10%.

Insiders Place Their Bets

In related news, Director William B. Campbell acquired 3,000 shares of the firm's stock in a transaction dated Wednesday, February 5th. The stock was acquired at an average cost of $15.57 per share, for a total transaction of $46,710.00. Following the completion of the acquisition, the director now directly owns 158,834 shares of the company's stock, valued at approximately $2,473,045.38. The trade was a 1.93 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David L. Motley sold 15,000 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $15.51, for a total value of $232,650.00. Following the completion of the sale, the director now owns 65,344 shares of the company's stock, valued at $1,013,485.44. This trade represents a 18.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.03% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FNB shares. Wells Fargo & Company decreased their price objective on shares of F.N.B. from $18.00 to $16.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. DA Davidson lifted their price objective on F.N.B. from $19.00 to $20.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Finally, Piper Sandler lowered their price target on shares of F.N.B. from $19.00 to $18.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, F.N.B. currently has an average rating of "Moderate Buy" and an average target price of $18.17.

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.