Farther Finance Advisors LLC Buys 2,937 Shares of F.N.B. Corporation (NYSE:FNB)

Farther Finance Advisors LLC boosted its stake in shares of F.N.B. Corporation (NYSE:FNB) by 19.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,928 shares of the bank’s stock after buying an additional 2,937 shares during the period. Farther Finance Advisors LLC’s holdings in F.N.B. were worth $241,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FNB. Empowered Funds LLC bought a new position in F.N.B. during the 4th quarter valued at approximately $156,000. Sanctuary Advisors LLC increased its position in F.N.B. by 12.2% during the 4th quarter. Sanctuary Advisors LLC now owns 26,752 shares of the bank’s stock valued at $423,000 after buying an additional 2,901 shares in the last quarter. Good Life Advisors LLC bought a new position in F.N.B. during the 4th quarter valued at approximately $156,000. Wealthspire Advisors LLC increased its position in F.N.B. by 6.8% during the 4th quarter. Wealthspire Advisors LLC now owns 19,400 shares of the bank’s stock valued at $287,000 after buying an additional 1,230 shares in the last quarter. Finally, PL Capital Advisors LLC bought a new position in F.N.B. during the 4th quarter valued at approximately $308,616,000. Institutional investors own 79.25% of the company’s stock.

Wall Street Analyst Weigh In

FNB has been the subject of a number of analyst reports. 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 report on Monday, April 21st. Truist Financial initiated coverage on F.N.B. in a report on Tuesday, May 13th. They issued a “buy” rating and a $16.50 target price for the company. Wells Fargo & Company reduced their target price on F.N.B. from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. Finally, DA Davidson reissued a “buy” rating and issued a $19.00 target price on shares of F.N.B. in a report on Thursday, April 17th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $17.57.

F.N.B. Stock Up 1.0%

F.N.B. stock opened at $13.78 on Thursday. The firm has a market cap of $4.96 billion, a price-to-earnings ratio of 10.94, a PEG ratio of 0.98 and a beta of 0.91. The stock has a fifty day simple moving average of $13.57 and a two-hundred day simple moving average of $14.29. F.N.B. Corporation has a 12 month low of $10.88 and a 12 month high of $17.70. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.39.

F.N.B. (NYSE:FNB) last released its quarterly earnings results on Wednesday, April 16th. The bank reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The firm had revenue of $411.61 million for the quarter, compared to the consensus estimate of $409.52 million. F.N.B. had a return on equity of 7.97% and a net margin of 17.78%. During the same period last year, the business posted $0.34 EPS. Equities analysts predict that F.N.B. Corporation will post 1.45 EPS for the current fiscal year.

F.N.B. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, June 15th. Stockholders of record on Monday, June 2nd were paid a $0.12 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.48%. F.N.B.’s dividend payout ratio (DPR) is currently 38.10%.

About F.N.B.

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.