Occudo Quantitative Strategies LP Acquires New Position in F.N.B. Co. (NYSE:FNB)

Occudo Quantitative Strategies LP acquired a new stake in F.N.B. Co. (NYSE:FNB - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 28,930 shares of the bank's stock, valued at approximately $428,000.

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

F.N.B. Price Performance

NYSE:FNB traded down $0.26 during trading hours on Wednesday, reaching $14.08. 318,574 shares of the company were exchanged, compared to its average volume of 2,479,180. The stock's 50-day moving average is $13.22 and its 200-day moving average is $14.66. F.N.B. Co. has a twelve month low of $10.88 and a twelve month high of $17.70. The firm has a market cap of $5.06 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 3.60 and a beta of 0.88. 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. (NYSE:FNB - Get Free Report) last issued its quarterly earnings results 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. 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 for the quarter, compared to analyst estimates of $409.52 million. During the same period last year, the company posted $0.34 EPS. On average, sell-side analysts anticipate that F.N.B. Co. will post 1.45 earnings per share for the current fiscal year.

F.N.B. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Monday, June 2nd will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend is Monday, June 2nd. F.N.B.'s payout ratio is 38.10%.

Analyst Upgrades and Downgrades

Several brokerages have commented on FNB. Piper Sandler decreased their price objective on shares of F.N.B. from $19.00 to $18.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. Wells Fargo & Company decreased their price objective on F.N.B. from $18.00 to $16.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Truist Financial assumed coverage on F.N.B. in a research report on Tuesday, May 13th. They set a "buy" rating and a $16.50 price target for the company. 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 research note on Monday, April 21st. Finally, DA Davidson reissued a "buy" rating and set a $19.00 price target on shares of F.N.B. in a report on Thursday, April 17th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $17.57.

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.