Northern Trust Corp Increases Holdings in F.N.B. Co. (NYSE:FNB)

Northern Trust Corp raised its stake in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 26.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,133,235 shares of the bank's stock after acquiring an additional 655,383 shares during the period. Northern Trust Corp owned about 0.87% of F.N.B. worth $46,309,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of FNB. AlphaQuest LLC grew its position in F.N.B. by 3,589.8% during the fourth quarter. AlphaQuest LLC now owns 1,808 shares of the bank's stock valued at $27,000 after buying an additional 1,759 shares during the period. Headlands Technologies LLC purchased a new position in F.N.B. in the fourth quarter valued at about $39,000. Sandy Spring Bank bought a new position in shares of F.N.B. during the 4th quarter valued at approximately $67,000. R Squared Ltd purchased a new stake in shares of F.N.B. during the 4th quarter worth approximately $69,000. Finally, Smartleaf Asset Management LLC increased its stake 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 purchasing an additional 1,631 shares during the last quarter. 79.25% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other F.N.B. news, Director David L. Motley sold 15,000 shares of F.N.B. stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $15.51, for a total transaction of $232,650.00. Following the completion of the sale, the director now directly owns 65,344 shares in the company, valued at $1,013,485.44. The trade was a 18.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.37% of the company's stock.

F.N.B. Price Performance

Shares of FNB stock traded down $0.14 during trading hours on Friday, reaching $13.68. The stock had a trading volume of 2,019,483 shares, compared to its average volume of 2,464,111. The stock's fifty day simple moving average is $13.08 and its 200 day simple moving average is $14.66. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $4.92 billion, a PE ratio of 10.86, a PEG ratio of 3.60 and a beta of 0.88. F.N.B. Co. has a 12 month low of $10.88 and a 12 month high of $17.70.

F.N.B. (NYSE:FNB - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The bank reported $0.32 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 during the quarter, compared to analyst estimates of $409.52 million. During the same period in the previous year, the business earned $0.34 EPS. On average, equities research analysts predict that F.N.B. Co. will post 1.45 EPS for the current year.

F.N.B. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd will be issued a $0.12 dividend. The ex-dividend date is Monday, June 2nd. This represents a $0.48 annualized dividend and a dividend yield of 3.51%. F.N.B.'s payout ratio is currently 38.10%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on FNB shares. DA Davidson reissued a "buy" rating and set a $19.00 price objective on shares of F.N.B. in a report on Thursday, April 17th. Keefe, Bruyette & Woods upgraded F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 price target for the company in a research note on Monday, April 21st. Piper Sandler lowered their price objective on F.N.B. from $19.00 to $18.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company cut their target price on shares of F.N.B. from $18.00 to $16.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $17.75.

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.