F.N.B. Co. (NYSE:FNB) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC increased its holdings in F.N.B. Co. (NYSE:FNB) by 1,442.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,588 shares of the bank’s stock after buying an additional 76,300 shares during the quarter. GAMMA Investing LLC’s holdings in F.N.B. were worth $1,097,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of FNB. Prudential Financial Inc. boosted its position in F.N.B. by 51.1% in the 4th quarter. Prudential Financial Inc. now owns 112,920 shares of the bank’s stock worth $1,669,000 after purchasing an additional 38,180 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of F.N.B. by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,940,425 shares of the bank’s stock valued at $58,239,000 after buying an additional 51,862 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of F.N.B. by 40.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 5,701 shares of the bank’s stock valued at $84,000 after buying an additional 1,631 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in shares of F.N.B. during the 4th quarter valued at approximately $386,000. Finally, Raymond James Financial Inc. purchased a new position in shares of F.N.B. during the 4th quarter valued at approximately $15,801,000. Institutional investors and hedge funds own 79.25% of the company’s stock.

F.N.B. Stock Down 2.6%

FNB opened at $13.61 on Monday. The business’s fifty day moving average is $13.48 and its two-hundred day moving average is $14.33. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $4.90 billion, a price-to-earnings ratio of 10.80, a PEG ratio of 3.60 and a beta of 0.91. F.N.B. Co. has a one year low of $10.88 and a one year high of $17.70.

F.N.B. (NYSE:FNB) last issued its quarterly earnings data 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. F.N.B. had a return on equity of 8.30% and a net margin of 18.12%. The business had revenue of $411.61 million for the quarter, compared to the consensus estimate of $409.52 million. During the same period in the prior year, the business earned $0.34 earnings per share. Analysts anticipate that F.N.B. Co. will post 1.45 EPS for the current fiscal year.

F.N.B. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.48 annualized dividend and a yield of 3.53%. F.N.B.’s dividend payout ratio is presently 38.10%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on FNB shares. DA Davidson reiterated a “buy” rating and set a $19.00 target price on shares of F.N.B. in a research report on Thursday, April 17th. Truist Financial started coverage on F.N.B. in a research note on Tuesday, May 13th. They issued a “buy” rating and a $16.50 price objective for the company. Keefe, Bruyette & Woods raised F.N.B. from a “market perform” rating to an “outperform” rating and set a $16.50 price objective for the company in a research note on Monday, April 21st. Finally, Wells Fargo & Company reduced their price objective on F.N.B. from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Wednesday, April 9th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned 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. Profile

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.