Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of F.N.B. Co. (NYSE:FNB – Free Report) by 2.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 162,356 shares of the bank’s stock after buying an additional 4,554 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in F.N.B. were worth $1,883,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Harvest Fund Management Co. Ltd raised its holdings in F.N.B. by 22.6% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 4,797 shares of the bank’s stock worth $63,000 after purchasing an additional 883 shares in the last quarter. Allworth Financial LP lifted its position in F.N.B. by 24.7% during the first quarter. Allworth Financial LP now owns 4,588 shares of the bank’s stock valued at $53,000 after acquiring an additional 909 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in F.N.B. by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 49,620 shares of the bank’s stock valued at $575,000 after acquiring an additional 965 shares in the last quarter. Smith Salley & Associates grew its holdings in F.N.B. by 8.1% in the first quarter. Smith Salley & Associates now owns 13,370 shares of the bank’s stock worth $155,000 after purchasing an additional 1,004 shares during the last quarter. Finally, West Chester Capital Advisors Inc. increased its position in shares of F.N.B. by 3.9% during the first quarter. West Chester Capital Advisors Inc. now owns 29,067 shares of the bank’s stock worth $337,000 after purchasing an additional 1,080 shares in the last quarter. 76.78% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
FNB has been the topic of several research analyst reports. StockNews.com assumed coverage on F.N.B. in a research note on Thursday. They set a “sell” rating on the stock. DA Davidson raised their price target on shares of F.N.B. from $16.00 to $17.00 in a report on Friday, July 21st. Finally, Stephens reissued an “overweight” rating and set a $15.00 price objective on shares of F.N.B. in a report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.67.
F.N.B. Stock Up 0.6 %
NYSE:FNB opened at $11.76 on Friday. The firm has a market capitalization of $4.22 billion, a P/E ratio of 7.59 and a beta of 1.08. The company’s fifty day moving average price is $12.03 and its 200-day moving average price is $12.18. F.N.B. Co. has a 1-year low of $10.09 and a 1-year high of $14.71. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.90 and a quick ratio of 0.90.
F.N.B. (NYSE:FNB – Get Free Report) last released its quarterly earnings data on Wednesday, July 19th. The bank reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. F.N.B. had a return on equity of 10.52% and a net margin of 28.28%. The business had revenue of $409.55 million during the quarter, compared to analyst estimates of $406.15 million. During the same quarter last year, the business posted $0.31 EPS. The company’s revenue was up 21.9% on a year-over-year basis. As a group, equities research analysts anticipate that F.N.B. Co. will post 1.48 EPS for the current year.
F.N.B. Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, September 5th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.08%. The ex-dividend date is Friday, September 1st. F.N.B.’s dividend payout ratio is currently 30.97%.
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.
Read More
- Five stocks we like better than F.N.B.
- Conference Calls and Individual Investors
- 8 Best Artificial Intelligence Stocks Under $10
- Dividend Tax Calculator
- What Ross Stores Earnings Say About The Saver Shopping Economy
- Are Penny Stocks a Good Fit for Your Portfolio?
- 6 Largest Healthcare REITs to Buy and How to Invest
Want to see what other hedge funds are holding FNB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for F.N.B. Co. (NYSE:FNB – Free Report).
Receive News & Ratings for F.N.B. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F.N.B. and related companies with MarketBeat.com's FREE daily email newsletter.
