20,000 Shares in F.N.B. Corporation (NYSE:FNB) Bought by AA Financial Advisors LLC

AA Financial Advisors LLC acquired a new stake in F.N.B. Corporation (NYSE:FNB) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 20,000 shares of the bank’s stock, valued at approximately $269,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PL Capital Advisors LLC bought a new position in shares of F.N.B. in the 4th quarter valued at $308,616,000. Norges Bank acquired a new position in F.N.B. in the 4th quarter worth about $50,205,000. First Trust Advisors LP raised its position in F.N.B. by 76.8% in the fourth quarter. First Trust Advisors LP now owns 5,233,363 shares of the bank’s stock valued at $77,349,000 after purchasing an additional 2,273,736 shares during the last quarter. Raymond James Financial Inc. bought a new position in F.N.B. in the fourth quarter valued at about $15,801,000. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of F.N.B. during the fourth quarter valued at about $12,952,000. Institutional investors own 79.25% of the company’s stock.

F.N.B. Stock Performance

Shares of FNB stock opened at $13.64 on Wednesday. The stock has a market capitalization of $4.91 billion, a PE ratio of 10.83, a PEG ratio of 0.98 and a beta of 0.91. The business’s 50 day simple moving average is $13.54 and its 200 day simple moving average is $14.30. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.92. F.N.B. Corporation has a one year low of $10.88 and a one year high of $17.70.

F.N.B. (NYSE:FNB) 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 17.78% and a return on equity of 7.97%. The company had revenue of $411.61 million for the quarter, compared to analyst estimates of $409.52 million. During the same period in the prior year, the firm posted $0.34 EPS. As a group, research analysts forecast that F.N.B. Corporation will post 1.45 earnings per share for the current year.

F.N.B. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 3.52%. F.N.B.’s dividend payout ratio (DPR) is currently 38.10%.

Analysts Set New Price Targets

Several research firms have recently issued reports on FNB. Keefe, Bruyette & Woods raised F.N.B. from a “market perform” rating to an “outperform” rating and set a $16.50 price objective for the company in a research note on Monday, April 21st. Wells Fargo & Company reduced their target price on shares of F.N.B. from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th. DA Davidson restated a “buy” rating and issued a $19.00 price target on shares of F.N.B. in a research report on Thursday, April 17th. Finally, Truist Financial began coverage on shares of F.N.B. in a report on Tuesday, May 13th. They set a “buy” rating and a $16.50 price target on the stock. One equities 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus 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.