F.N.B. Corporation $FNB Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP increased its position in shares of F.N.B. Corporation (NYSE:FNBFree Report) by 12.5% in the 2nd quarter, Holdings Channel reports. The firm owned 1,318,016 shares of the bank’s stock after purchasing an additional 146,571 shares during the period. Wellington Management Group LLP’s holdings in F.N.B. were worth $25,148,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FNB. Root Financial Partners LLC raised its stake in F.N.B. by 66.8% in the 1st quarter. Root Financial Partners LLC now owns 2,047 shares of the bank’s stock valued at $34,000 after purchasing an additional 820 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in F.N.B. by 3,723.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the bank’s stock worth $36,000 after purchasing an additional 2,420 shares during the last quarter. Triumph Capital Management purchased a new stake in shares of F.N.B. during the third quarter worth $55,000. Parallel Advisors LLC grew its holdings in shares of F.N.B. by 18.9% during the third quarter. Parallel Advisors LLC now owns 4,522 shares of the bank’s stock worth $73,000 after buying an additional 720 shares in the last quarter. Finally, Danske Bank A S acquired a new stake in shares of F.N.B. in the third quarter valued at about $85,000. 79.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other F.N.B. news, 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 transaction, the insider owned 144,283 shares of the company’s stock, valued at $2,777,447.75. This represents a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Gary Guerrieri sold 19,000 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $18.53, for a total transaction of $352,070.00. Following the transaction, the insider directly owned 298,097 shares of the company’s stock, valued at approximately $5,523,737.41. This trade represents a 5.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.50% of the stock is currently owned by insiders.

F.N.B. Trading Up 1.2%

Shares of F.N.B. stock opened at $18.70 on Friday. The stock has a 50 day moving average of $18.90 and a 200 day moving average of $17.95. 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 has a market capitalization of $6.60 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 1.19 and a beta of 0.84. F.N.B. Corporation has a fifty-two week low of $14.45 and a fifty-two week high of $19.59.

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

F.N.B. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.8%. The ex-dividend date is Tuesday, September 1st. F.N.B.’s payout ratio is 30.95%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FNB shares. Piper Sandler reissued an “overweight” rating on shares of F.N.B. in a research note on Monday, July 20th. Bank of America reiterated 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. Wells Fargo & Company raised their target price on shares of F.N.B. from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Wall Street Zen upgraded F.N.B. from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Truist Financial dropped their price target on F.N.B. from $21.00 to $20.50 and set a “buy” rating for the company in a research report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $20.90.

Get Our Latest Stock Analysis on F.N.B.

F.N.B. Profile

(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.

See Also

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. Corporation (NYSE:FNBFree Report).

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

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