Occudo Quantitative Strategies LP purchased a new position in F.N.B. Co. (NYSE:FNB - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 28,930 shares of the bank's stock, valued at approximately $428,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in FNB. Barclays PLC grew its position in shares of F.N.B. by 4.6% during the 3rd quarter. Barclays PLC now owns 449,839 shares of the bank's stock valued at $6,348,000 after acquiring an additional 19,589 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of F.N.B. by 490.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 929,683 shares of the bank's stock valued at $13,741,000 after buying an additional 772,134 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in shares of F.N.B. by 37.9% during the 4th quarter. Wedge Capital Management L L P NC now owns 328,792 shares of the bank's stock valued at $4,860,000 after buying an additional 90,424 shares in the last quarter. HB Wealth Management LLC purchased a new position in shares of F.N.B. during the 4th quarter valued at approximately $174,000. Finally, Bill Few Associates Inc. lifted its position in shares of F.N.B. by 1.1% during the 4th quarter. Bill Few Associates Inc. now owns 92,332 shares of the bank's stock valued at $1,365,000 after buying an additional 1,023 shares in the last quarter. Institutional investors and hedge funds own 79.25% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on FNB. DA Davidson reiterated a "buy" rating and set a $19.00 target price on shares of F.N.B. in a research report on Thursday, April 17th. Piper Sandler decreased their target price on F.N.B. from $19.00 to $18.00 and set an "overweight" rating on the stock in a research report on Thursday, January 23rd. Wells Fargo & Company decreased their target price on 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. Truist Financial began coverage on F.N.B. in a research report on Tuesday, May 13th. They set a "buy" rating and a $16.50 target price on the stock. Finally, Keefe, Bruyette & Woods upgraded F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 target price on the stock in a research report on Monday, April 21st. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $17.57.
Get Our Latest Stock Report on F.N.B.
Insider Transactions at F.N.B.
In related news, Director David L. Motley sold 15,000 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $15.51, for a total value of $232,650.00. Following the sale, the director now directly owns 65,344 shares in the company, valued at approximately $1,013,485.44. The trade was a 18.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.37% of the company's stock.
F.N.B. Price Performance
FNB traded down $0.02 during trading on Tuesday, reaching $14.34. The company's stock had a trading volume of 1,000,336 shares, compared to its average volume of 2,480,977. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.48. The firm has a fifty day simple moving average of $13.19 and a two-hundred day simple moving average of $14.66. F.N.B. Co. has a 1 year low of $10.88 and a 1 year high of $17.70. The company has a market cap of $5.16 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 3.60 and a beta of 0.88.
F.N.B. (NYSE:FNB - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The bank reported $0.32 EPS for the quarter, topping the consensus estimate 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 business had revenue of $411.61 million for the quarter, compared to analyst estimates of $409.52 million. During the same quarter in the previous year, the firm earned $0.34 EPS. As a group, analysts anticipate that F.N.B. Co. will post 1.45 EPS for the current year.
F.N.B. Announces Dividend
The business 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 of this dividend is Monday, June 2nd. This represents a $0.48 annualized dividend and a dividend yield of 3.35%. F.N.B.'s dividend payout ratio is presently 38.10%.
About F.N.B.
(
Free Report)
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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