BNP Paribas Financial Markets Has $1.26 Million Holdings in F.N.B. Co. (NYSE:FNB)

BNP Paribas Financial Markets lessened its position in F.N.B. Co. (NYSE:FNB) by 39.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 85,502 shares of the bank’s stock after selling 55,911 shares during the period. BNP Paribas Financial Markets’ holdings in F.N.B. were worth $1,264,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. PL Capital Advisors LLC bought a new position in shares of F.N.B. in the fourth quarter valued at approximately $308,616,000. Norges Bank bought a new position in shares of F.N.B. in the fourth quarter valued at approximately $50,205,000. First Trust Advisors LP lifted its holdings in shares of F.N.B. by 76.8% in the fourth quarter. First Trust Advisors LP now owns 5,233,363 shares of the bank’s stock valued at $77,349,000 after purchasing an additional 2,273,736 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of F.N.B. in the fourth quarter valued at approximately $15,801,000. Finally, Prospector Partners LLC bought a new position in shares of F.N.B. in the fourth quarter valued at approximately $12,091,000. Institutional investors and hedge funds own 79.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on FNB shares. Truist Financial started coverage on F.N.B. in a report on Tuesday, May 13th. They issued a “buy” rating and a $16.50 target price on the stock. DA Davidson reiterated a “buy” rating and set a $19.00 price target on shares of F.N.B. in a report on Thursday, April 17th. Piper Sandler dropped their price target on F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Wells Fargo & Company dropped their price target on F.N.B. from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods upgraded F.N.B. from a “market perform” rating to an “outperform” rating and set a $16.50 price target on the stock in a report on Monday, April 21st. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $17.57.

F.N.B. Stock Performance

Shares of FNB opened at $14.37 on Tuesday. The firm has a market cap of $5.17 billion, a PE ratio of 11.40, a PEG ratio of 3.60 and a beta of 0.88. The stock’s fifty day moving average price is $13.19 and its two-hundred day moving average price is $14.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.94 and a quick ratio of 0.94. F.N.B. Co. has a 1 year low of $10.88 and a 1 year high of $17.70.

F.N.B. (NYSE:FNB) last issued its earnings results on Wednesday, April 16th. The bank reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.02. The firm had revenue of $411.61 million for the quarter, compared to analyst estimates of $409.52 million. F.N.B. had a return on equity of 8.30% and a net margin of 18.12%. During the same period in the previous year, the company posted $0.34 earnings per share. On average, equities research analysts forecast that F.N.B. Co. will post 1.45 EPS for the current year.

F.N.B. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Monday, June 2nd will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend is Monday, June 2nd. F.N.B.’s payout ratio is 38.10%.

Insider Buying and Selling

In related news, Director David L. Motley sold 15,000 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $15.51, for a total transaction of $232,650.00. Following the completion of the transaction, the director now directly owns 65,344 shares in the company, valued at $1,013,485.44. The trade was a 18.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.37% of the stock is owned by company insiders.

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.