Handelsbanken Fonder AB Has $2.41 Million Stock Holdings in F.N.B. Corporation $FNB

Handelsbanken Fonder AB lifted its position in shares of F.N.B. Corporation (NYSE:FNBFree Report) by 35.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 126,431 shares of the bank’s stock after buying an additional 33,400 shares during the quarter. Handelsbanken Fonder AB’s holdings in F.N.B. were worth $2,412,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its holdings in F.N.B. by 77.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,513,248 shares of the bank’s stock valued at $20,353,000 after buying an additional 660,387 shares during the last quarter. Rhino Investment Partners Inc boosted its position in F.N.B. by 47.8% during the 1st quarter. Rhino Investment Partners Inc now owns 1,207,418 shares of the bank’s stock worth $20,188,000 after buying an additional 390,526 shares during the period. SG Americas Securities LLC grew its holdings in F.N.B. by 585.2% during the 1st quarter. SG Americas Securities LLC now owns 358,244 shares of the bank’s stock worth $5,990,000 after acquiring an additional 305,961 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in F.N.B. in the 1st quarter valued at approximately $3,381,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of F.N.B. by 454.4% during the third quarter. BNP Paribas Financial Markets now owns 220,357 shares of the bank’s stock worth $3,550,000 after purchasing an additional 180,610 shares during the period. Institutional investors and hedge funds own 79.25% of the company’s stock.

Analysts Set New Price Targets

FNB has been the subject of a number of recent research reports. Bank of America restated a “neutral” rating and issued a $19.00 price objective (down from $20.00) on shares of F.N.B. in a report on Monday, July 20th. Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a report on Monday, July 20th. Keefe, Bruyette & Woods upped their price target on F.N.B. from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Monday, April 20th. Wall Street Zen raised F.N.B. from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Wells Fargo & Company raised their price objective on F.N.B. from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, F.N.B. currently has a consensus rating of “Buy” and a consensus price target of $20.90.

View Our Latest Stock Report on FNB

Insider Activity

In other news, insider Gary L. Guerrieri sold 19,000 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $18.53, for a total value of $352,070.00. Following the transaction, the insider directly owned 298,097 shares of the company’s stock, valued at $5,523,737.41. The trade was a 5.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Bryant Mitchell David sold 4,055 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $19.25, for a total value of $78,058.75. Following the sale, the insider owned 144,283 shares in the company, valued at approximately $2,777,447.75. The trade was a 2.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.50% of the company’s stock.

F.N.B. Trading Down 0.1%

NYSE:FNB opened at $19.46 on Monday. F.N.B. Corporation has a 52 week low of $14.45 and a 52 week high of $19.59. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 0.92. The firm’s fifty day moving average is $18.86 and its 200-day moving average is $17.90. The firm has a market cap of $6.87 billion, a P/E ratio of 11.59, a P/E/G ratio of 1.24 and a beta of 0.85.

F.N.B. (NYSE:FNBGet Free Report) last announced its earnings results on Friday, July 17th. The bank reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. The business had revenue of $463.00 million during the quarter, compared to the consensus estimate of $467.13 million. F.N.B. had a net margin of 22.29% and a return on equity of 9.10%. During the same quarter last year, the firm earned $0.36 earnings per share. Equities analysts expect that F.N.B. Corporation will post 1.69 earnings per share for the current year.

F.N.B. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.52 annualized dividend and a dividend yield of 2.7%. F.N.B.’s dividend payout ratio (DPR) is 30.95%.

About F.N.B.

(Free Report)

F.N.B. Corporation is a bank holding company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, FNB Bank, the company provides a broad range of commercial and consumer financial services. Founded in 1864 as the First National Bank of Pennsylvania, F.N.B. has grown through both organic expansion and strategic acquisitions to become a regional banking franchise.

The company’s main business activities include traditional deposit-taking and lending services, such as checking and savings accounts, mortgages, home equity lines of credit, and consumer and commercial loans.

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Institutional Ownership by Quarter for F.N.B. (NYSE:FNB)

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