Tradewinds LLC. Buys New Position in F.N.B. Corporation $FNB

Tradewinds LLC. acquired a new position in F.N.B. Corporation (NYSE:FNB) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 89,609 shares of the bank’s stock, valued at approximately $1,444,000.

Other hedge funds have also bought and sold shares of the company. Royal Bank of Canada lifted its position in shares of F.N.B. by 11.6% during the 1st quarter. Royal Bank of Canada now owns 274,466 shares of the bank’s stock valued at $3,692,000 after buying an additional 28,570 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in F.N.B. by 23.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 153,039 shares of the bank’s stock worth $2,058,000 after acquiring an additional 29,248 shares during the period. Goldman Sachs Group Inc. lifted its holdings in F.N.B. by 77.4% during the first quarter. Goldman Sachs Group Inc. now owns 1,513,248 shares of the bank’s stock valued at $20,353,000 after purchasing an additional 660,387 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of F.N.B. by 5.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,049,241 shares of the bank’s stock valued at $14,112,000 after buying an additional 58,672 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in F.N.B. by 22.8% in the 2nd quarter. Parallel Advisors LLC now owns 3,802 shares of the bank’s stock worth $55,000 after buying an additional 706 shares during the period. Institutional investors own 79.25% of the company’s stock.

Analysts Set New Price Targets

FNB has been the topic of a number of recent analyst reports. DA Davidson cut F.N.B. from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Piper Sandler started coverage on F.N.B. in a research note on Wednesday, December 3rd. They issued an “overweight” rating and a $19.00 price target for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of F.N.B. in a report on Monday, December 29th. Finally, Truist Financial set a $19.00 target price on shares of F.N.B. in a report on Tuesday, January 13th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, F.N.B. has a consensus rating of “Moderate Buy” and a consensus target price of $19.10.

Insider Activity at F.N.B.

In related news, insider Gary L. Guerrieri sold 15,000 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $17.67, for a total transaction of $265,050.00. Following the sale, the insider owned 279,883 shares in the company, valued at approximately $4,945,532.61. This represents a 5.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider James L. Dutey sold 40,000 shares of F.N.B. stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $16.75, for a total transaction of $670,000.00. Following the transaction, the insider directly owned 49,936 shares of the company’s stock, valued at $836,428. The trade was a 44.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.37% of the company’s stock.

F.N.B. Trading Down 0.8%

Shares of FNB opened at $17.33 on Monday. F.N.B. Corporation has a fifty-two week low of $10.88 and a fifty-two week high of $17.93. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 0.92. The company’s fifty day moving average is $16.96 and its 200 day moving average is $16.26. The stock has a market capitalization of $6.21 billion, a PE ratio of 12.47, a P/E/G ratio of 0.83 and a beta of 0.91.

F.N.B. (NYSE:FNB) last posted its earnings results on Friday, October 17th. The bank reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. F.N.B. had a net margin of 19.23% and a return on equity of 8.22%. The firm had revenue of $457.50 million for the quarter, compared to the consensus estimate of $448.10 million. During the same period in the previous year, the firm posted $0.34 EPS. Sell-side analysts expect that F.N.B. Corporation will post 1.45 earnings per share for the current fiscal year.

F.N.B. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a $0.12 dividend. The ex-dividend date was Monday, December 1st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.8%. F.N.B.’s payout ratio is 34.53%.

F.N.B. Profile

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.