F.N.B. Corporation $FNB Shares Purchased by Algert Global LLC

Algert Global LLC lifted its holdings in F.N.B. Corporation (NYSE:FNB) by 135.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 76,718 shares of the bank’s stock after purchasing an additional 44,100 shares during the period. Algert Global LLC’s holdings in F.N.B. were worth $1,032,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. McClarren Financial Advisors Inc. acquired a new position in shares of F.N.B. in the first quarter valued at approximately $28,000. Parallel Advisors LLC grew its holdings in shares of F.N.B. by 47.4% in the first quarter. Parallel Advisors LLC now owns 3,096 shares of the bank’s stock valued at $42,000 after purchasing an additional 995 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new position in shares of F.N.B. in the first quarter valued at approximately $42,000. Meeder Asset Management Inc. grew its holdings in shares of F.N.B. by 233.5% in the first quarter. Meeder Asset Management Inc. now owns 3,445 shares of the bank’s stock valued at $46,000 after purchasing an additional 2,412 shares in the last quarter. Finally, Harbor Investment Advisory LLC acquired a new position in shares of F.N.B. in the first quarter valued at approximately $47,000. Institutional investors and hedge funds own 79.25% of the company’s stock.

Analysts Set New Price Targets

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

F.N.B. Stock Up 4.2%

Shares of NYSE:FNB opened at $16.5010 on Friday. The company has a market capitalization of $5.93 billion, a PE ratio of 12.89, a P/E/G ratio of 0.90 and a beta of 0.94. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.41. F.N.B. Corporation has a twelve month low of $10.88 and a twelve month high of $17.70. The firm has a 50 day simple moving average of $15.27 and a 200-day simple moving average of $14.29.

F.N.B. (NYSE:FNB) last issued its quarterly earnings data on Thursday, July 17th. The bank reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. The business had revenue of $438.21 million during the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm earned $0.34 EPS. On average, equities analysts predict that F.N.B. Corporation will post 1.45 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.12 per share. 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 payout ratio is currently 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.