BI Asset Management Fondsmaeglerselskab A S Takes Position in F.N.B. Corporation $FNB

BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of F.N.B. Corporation (NYSE:FNB) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,542 shares of the bank’s stock, valued at approximately $34,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of FNB. McClarren Financial Advisors Inc. bought a new position in shares of F.N.B. during the first quarter valued at about $28,000. Parallel Advisors LLC raised its stake in shares of F.N.B. by 47.4% during the first quarter. Parallel Advisors LLC now owns 3,096 shares of the bank’s stock valued at $42,000 after acquiring an additional 995 shares during the last quarter. Smallwood Wealth Investment Management LLC bought a new position in shares of F.N.B. during the first quarter valued at about $42,000. Meeder Asset Management Inc. raised its stake in shares of F.N.B. by 233.5% during the first quarter. Meeder Asset Management Inc. now owns 3,445 shares of the bank’s stock valued at $46,000 after acquiring an additional 2,412 shares during the last quarter. Finally, Harbor Investment Advisory LLC bought a new position in shares of F.N.B. during the first quarter valued at about $47,000. 79.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FNB has been the topic of a number of research reports. Truist Financial lifted their target price on shares of F.N.B. from $17.50 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $18.50 target price (up previously from $16.50) on shares of F.N.B. in a research note on Monday, July 21st. DA Davidson lifted their target price on shares of F.N.B. from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Wells Fargo & Company lifted their target price on shares of F.N.B. from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, July 21st. Finally, Wall Street Zen raised shares of F.N.B. from a “sell” rating to a “hold” rating in a research note on Sunday, July 13th. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $18.64.

F.N.B. Stock Up 0.6%

Shares of F.N.B. stock opened at $16.55 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.93 and a quick ratio of 0.93. The company has a 50-day moving average of $15.38 and a 200 day moving average of $14.29. The firm has a market cap of $5.94 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 0.94 and a beta of 0.94. F.N.B. Corporation has a 1 year low of $10.88 and a 1 year high of $17.70.

F.N.B. (NYSE:FNB) last issued its quarterly earnings results on Thursday, July 17th. The bank reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.03. The company had revenue of $438.21 million during the quarter, compared to analyst estimates of $424.39 million. F.N.B. had a net margin of 17.88% and a return on equity of 7.94%. During the same period last year, the business earned $0.34 EPS. As a group, sell-side analysts anticipate that F.N.B. Corporation will post 1.45 earnings per share for the current fiscal year.

F.N.B. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Tuesday, September 2nd. F.N.B.’s dividend payout ratio (DPR) is presently 37.50%.

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.