UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Position in F.N.B. Corporation $FNB

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of F.N.B. Corporation (NYSE:FNB) by 13.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 782,117 shares of the bank’s stock after selling 126,350 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in F.N.B. were worth $14,923,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FNB. Royal Bank of Canada grew its stake in F.N.B. by 11.6% during the first quarter. Royal Bank of Canada now owns 274,466 shares of the bank’s stock valued at $3,692,000 after acquiring an additional 28,570 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in F.N.B. by 23.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 153,039 shares of the bank’s stock valued at $2,058,000 after purchasing an additional 29,248 shares during the period. Goldman Sachs Group Inc. boosted its holdings in F.N.B. by 77.4% in the 1st 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 during the period. EverSource Wealth Advisors LLC grew its position in shares of F.N.B. by 3,723.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the bank’s stock valued at $36,000 after purchasing an additional 2,420 shares in the last quarter. Finally, Captrust Financial Advisors increased its holdings in shares of F.N.B. by 1.8% in the second quarter. Captrust Financial Advisors now owns 87,304 shares of the bank’s stock worth $1,273,000 after purchasing an additional 1,514 shares during the period. 79.25% of the stock is owned by hedge funds and other institutional investors.

F.N.B. Price Performance

Shares of F.N.B. stock opened at $18.70 on Friday. The firm has a market capitalization of $6.60 billion, a PE ratio of 11.13, a price-to-earnings-growth ratio of 1.19 and a beta of 0.84. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.29. F.N.B. Corporation has a 12 month low of $14.45 and a 12 month high of $19.59. The business’s 50-day moving average price is $18.90 and its 200-day moving average price is $17.95.

F.N.B. (NYSE:FNB) last released its earnings results on Friday, July 17th. The bank reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. The company had revenue of $463.00 million during the quarter, compared to the consensus estimate of $467.13 million. F.N.B. had a return on equity of 9.10% and a net margin of 22.29%.During the same quarter in the previous year, the company posted $0.36 EPS. Sell-side analysts forecast that F.N.B. Corporation will post 1.69 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.8%. F.N.B.’s dividend payout ratio is 30.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of F.N.B. in a research report on Tuesday, June 9th. Bank of America restated a “neutral” rating and issued a $19.00 target price (down from $20.00) on shares of F.N.B. in a research note on Monday, July 20th. Wells Fargo & Company lifted their price target on F.N.B. from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Wall Street Zen raised F.N.B. from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Truist Financial decreased their price objective on shares of F.N.B. from $21.00 to $20.50 and set a “buy” rating on the stock in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, F.N.B. currently has a consensus rating of “Buy” and a consensus target price of $20.90.

Insiders Place Their Bets

In other F.N.B. news, insider Gary L. Guerrieri sold 19,000 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $18.53, for a total value of $352,070.00. Following the completion of the sale, the insider directly owned 298,097 shares of the company’s stock, valued at $5,523,737.41. The trade was a 5.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Bryant Mitchell David sold 4,055 shares of the firm’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $19.25, for a total value of $78,058.75. Following the transaction, the insider directly owned 144,283 shares in the company, valued at $2,777,447.75. This trade represents a 2.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.50% of the stock is currently owned by corporate insiders.

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.