F.N.B. Co. (NYSE:FNB) Stock Holdings Lowered by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lowered its position in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 19.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 100,921 shares of the bank's stock after selling 23,980 shares during the period. Ensign Peak Advisors Inc's holdings in F.N.B. were worth $1,492,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. AlphaQuest LLC grew its position in shares of F.N.B. by 3,589.8% during the fourth 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 position in shares of F.N.B. during the fourth quarter worth about $39,000. Sandy Spring Bank bought a new position in shares of F.N.B. during the fourth quarter worth about $67,000. R Squared Ltd bought a new position in shares of F.N.B. during the fourth quarter worth about $69,000. Finally, Smartleaf Asset Management LLC grew its position in shares of F.N.B. by 40.1% during the fourth 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. Institutional investors own 79.25% of the company's stock.

F.N.B. Price Performance

FNB stock opened at $14.44 on Friday. 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 one year low of $10.88 and a one year high of $17.70. The firm has a market capitalization of $5.20 billion, a PE ratio of 11.46, a P/E/G ratio of 3.60 and a beta of 0.88. The firm has a 50-day moving average of $13.14 and a two-hundred day moving average of $14.66.

F.N.B. (NYSE:FNB - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $411.61 million during the quarter, compared to analyst estimates of $409.52 million. During the same period in the prior year, the firm earned $0.34 earnings per share. On average, analysts forecast that F.N.B. Co. will post 1.45 earnings per share for the current 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 paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Monday, June 2nd. F.N.B.'s dividend payout ratio is presently 38.10%.

Insider Buying and Selling at F.N.B.

In other F.N.B. news, Director David L. Motley sold 15,000 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $1,013,485.44. This represents a 18.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on FNB shares. Keefe, Bruyette & Woods upgraded shares of 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 report on Monday, April 21st. Wells Fargo & Company decreased 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. DA Davidson reiterated a "buy" rating and issued a $19.00 target price on shares of F.N.B. in a research report on Thursday, April 17th. Truist Financial started coverage on shares of F.N.B. in a research report on Tuesday. They issued a "buy" rating and a $16.50 target price for the company. Finally, Piper Sandler decreased their target price on shares of F.N.B. from $19.00 to $18.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd. One research 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $17.57.

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.

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