SG Americas Securities LLC Acquires 305,961 Shares of F.N.B. Corporation $FNB

SG Americas Securities LLC boosted its holdings in shares of F.N.B. Corporation (NYSE:FNB) by 585.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 358,244 shares of the bank’s stock after buying an additional 305,961 shares during the quarter. SG Americas Securities LLC’s holdings in F.N.B. were worth $5,990,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. CoreCap Advisors LLC bought a new position in shares of F.N.B. during the 4th quarter worth approximately $34,000. EverSource Wealth Advisors LLC raised its stake in F.N.B. by 3,723.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the bank’s stock valued at $36,000 after acquiring an additional 2,420 shares during the period. Triumph Capital Management acquired a new stake in F.N.B. during the 3rd quarter valued at $55,000. Parallel Advisors LLC lifted its holdings in F.N.B. by 18.9% during the 3rd quarter. Parallel Advisors LLC now owns 4,522 shares of the bank’s stock valued at $73,000 after purchasing an additional 720 shares during the last quarter. Finally, Danske Bank A S bought a new position in F.N.B. during the third quarter worth $85,000. 79.25% of the stock is owned by institutional investors and hedge funds.

F.N.B. Trading Down 0.0%

Shares of FNB stock opened at $19.23 on Monday. The stock has a market cap of $6.85 billion, a P/E ratio of 11.87, a price-to-earnings-growth ratio of 0.91 and a beta of 0.85. F.N.B. Corporation has a 1 year low of $14.45 and a 1 year high of $19.32. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.29. The stock has a 50 day simple moving average of $17.83 and a 200 day simple moving average of $17.51.

F.N.B. (NYSE:FNB) last posted its quarterly earnings results on Friday, April 17th. The bank reported $0.38 EPS for the quarter, meeting analysts’ consensus estimates of $0.38. The business had revenue of $450.00 million during the quarter, compared to the consensus estimate of $454.06 million. F.N.B. had a return on equity of 8.94% and a net margin of 21.64%.During the same quarter in the previous year, the firm earned $0.32 earnings per share. On average, research analysts predict that F.N.B. Corporation will post 1.73 earnings per share for the current fiscal year.

F.N.B. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a dividend of $0.13 per share. This is a boost from F.N.B.’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.7%. F.N.B.’s payout ratio is currently 32.10%.

Insider Buying and Selling at F.N.B.

In related news, insider Gary L. Guerrieri sold 19,000 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $18.53, for a total transaction of $352,070.00. Following the sale, the insider owned 298,097 shares in the company, valued at approximately $5,523,737.41. This trade represents a 5.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

FNB has been the topic of several research reports. Keefe, Bruyette & Woods upped their price objective on shares of F.N.B. from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Truist Financial raised their target price on shares of F.N.B. from $19.50 to $20.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Piper Sandler lifted their target price on shares of F.N.B. from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of F.N.B. in a research note on Tuesday, June 9th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat, F.N.B. has a consensus rating of “Buy” and an average price target of $20.40.

About F.N.B.

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.