Ensign Peak Advisors Inc Has $1.49 Million Holdings in F.N.B. Co. (NYSE:FNB)

Ensign Peak Advisors Inc cut its stake in F.N.B. Co. (NYSE:FNB - Free Report) by 19.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. AlphaQuest LLC lifted its holdings 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 purchasing an additional 1,759 shares during the period. Headlands Technologies LLC acquired a new position in shares of F.N.B. in the 4th quarter valued at about $39,000. Sandy Spring Bank purchased a new position in shares of F.N.B. during the 4th quarter valued at approximately $67,000. R Squared Ltd purchased a new position in F.N.B. in the fourth quarter valued at $69,000. Finally, Smartleaf Asset Management LLC raised its position in shares of F.N.B. by 40.1% in 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 period. Institutional investors and hedge funds own 79.25% of the company's stock.

F.N.B. Stock Down 1.6%

Shares of FNB traded down $0.23 during trading on Wednesday, reaching $14.11. The company's stock had a trading volume of 221,017 shares, compared to its average volume of 2,760,290. The company has a market cap of $5.08 billion, a price-to-earnings ratio of 11.19, a P/E/G ratio of 3.60 and a beta of 0.88. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.48. F.N.B. Co. has a twelve month low of $10.88 and a twelve month high of $17.70. The company has a fifty day moving average of $13.22 and a two-hundred day moving average of $14.66.

F.N.B. (NYSE:FNB - Get Free Report) last released its earnings results on Wednesday, April 16th. The bank reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.02. F.N.B. had a return on equity of 8.30% and a net margin of 18.12%. The firm had revenue of $411.61 million during the quarter, compared to the consensus estimate of $409.52 million. During the same period in the prior year, the firm posted $0.34 earnings per share. On average, sell-side analysts predict that F.N.B. Co. will post 1.45 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.12 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.40%. F.N.B.'s dividend payout ratio is currently 38.10%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FNB. DA Davidson reaffirmed a "buy" rating and set a $19.00 target price on shares of F.N.B. in a research note on Thursday, April 17th. Piper Sandler cut 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. Keefe, Bruyette & Woods raised shares of F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 price objective on the stock in a report on Monday, April 21st. 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 note on Wednesday, April 9th. Finally, Truist Financial started 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 on the stock. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $17.57.

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.