F.N.B. Co. (NYSE:FNB) Shares Sold by American International Group Inc.

American International Group Inc. reduced its holdings in F.N.B. Co. (NYSE:FNB) by 2.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 474,975 shares of the bank’s stock after selling 9,709 shares during the period. American International Group Inc. owned about 0.13% of F.N.B. worth $6,697,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FNB. Norges Bank acquired a new stake in F.N.B. in the fourth quarter valued at approximately $49,533,000. Public Employees Retirement Association of Colorado lifted its position in shares of F.N.B. by 706.6% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,208,076 shares of the bank’s stock valued at $16,635,000 after acquiring an additional 1,058,293 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of F.N.B. by 17.2% in the fourth quarter. Principal Financial Group Inc. now owns 4,921,251 shares of the bank’s stock valued at $67,766,000 after acquiring an additional 723,755 shares in the last quarter. Rafferty Asset Management LLC lifted its position in shares of F.N.B. by 61.3% in the fourth quarter. Rafferty Asset Management LLC now owns 535,520 shares of the bank’s stock valued at $7,374,000 after acquiring an additional 203,429 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in F.N.B. by 4.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,456,310 shares of the bank’s stock worth $47,593,000 after buying an additional 160,060 shares in the last quarter. 79.25% of the stock is owned by institutional investors and hedge funds.

F.N.B. Stock Up 2.9 %

Shares of NYSE FNB opened at $15.32 on Friday. The stock has a market cap of $5.51 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 10.62 and a beta of 0.99. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. F.N.B. Co. has a 52-week low of $10.24 and a 52-week high of $15.53. The business has a 50-day moving average price of $13.73 and a 200 day moving average price of $13.58.

F.N.B. (NYSE:FNB) last announced its earnings results on Wednesday, July 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The firm had revenue of $403.81 million during the quarter, compared to analyst estimates of $408.14 million. F.N.B. had a net margin of 18.27% and a return on equity of 9.04%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the company earned $0.39 earnings per share. Equities research analysts forecast that F.N.B. Co. will post 1.4 earnings per share for the current year.

F.N.B. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, June 15th. Shareholders of record on Thursday, June 6th were given a dividend of $0.12 per share. The ex-dividend date was Thursday, June 6th. This represents a $0.48 dividend on an annualized basis and a yield of 3.13%. F.N.B.’s payout ratio is 38.71%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Wells Fargo & Company raised their target price on F.N.B. from $14.00 to $16.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $16.00 price objective on shares of F.N.B. in a research note on Wednesday, June 26th. Piper Sandler boosted their target price on F.N.B. from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Stephens reissued an “overweight” rating and set a $16.00 target price on shares of F.N.B. in a research note on Thursday, July 18th. Finally, StockNews.com raised F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, May 27th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.29.

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.