LSV Asset Management Reduces Stock Holdings in F.N.B. Corporation $FNB

LSV Asset Management cut its holdings in F.N.B. Corporation (NYSE:FNB) by 2.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,848,200 shares of the bank’s stock after selling 48,100 shares during the quarter. LSV Asset Management’s holdings in F.N.B. were worth $26,947,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Envestnet Asset Management Inc. boosted its stake in F.N.B. by 1.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 158,609 shares of the bank’s stock worth $2,133,000 after purchasing an additional 1,569 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of F.N.B. by 22.1% in the first quarter. Cerity Partners LLC now owns 63,264 shares of the bank’s stock worth $851,000 after buying an additional 11,459 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of F.N.B. by 485.4% during the first quarter. Victory Capital Management Inc. now owns 748,816 shares of the bank’s stock worth $10,072,000 after buying an additional 620,891 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of F.N.B. by 11.8% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 217,560 shares of the bank’s stock valued at $2,926,000 after buying an additional 22,926 shares during the last quarter. Finally, Readystate Asset Management LP acquired a new position in shares of F.N.B. in the 1st quarter valued at $554,000. Hedge funds and other institutional investors own 79.25% of the company’s stock.

F.N.B. Price Performance

Shares of FNB opened at $15.44 on Wednesday. The business’s 50-day moving average is $15.89 and its two-hundred day moving average is $15.33. The company has a market capitalization of $5.53 billion, a P/E ratio of 11.10, a P/E/G ratio of 0.82 and a beta of 0.98. F.N.B. Corporation has a fifty-two week low of $10.88 and a fifty-two week high of $17.70. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 0.92.

F.N.B. (NYSE:FNB) last issued its earnings results on Thursday, June 20th. The bank reported $0.40 EPS for the quarter. The firm had revenue of $419.30 million for the quarter. F.N.B. had a return on equity of 8.22% and a net margin of 19.23%. Research analysts predict that F.N.B. Corporation will post 1.45 earnings per share for the current year.

F.N.B. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, December 1st. F.N.B.’s dividend payout ratio is currently 34.53%.

Wall Street Analyst Weigh In

A number of brokerages have commented on FNB. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of F.N.B. in a research report on Friday, October 31st. DA Davidson cut F.N.B. from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Finally, Truist Financial upped their target price on F.N.B. from $18.00 to $18.50 and gave the company a “buy” rating in a research report on Monday, October 20th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, F.N.B. currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.83.

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.