F.N.B. Co. (NYSE:FNB) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its stake in F.N.B. Co. (NYSE:FNB) by 2.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 123,014 shares of the bank’s stock after selling 3,039 shares during the quarter. Yousif Capital Management LLC’s holdings in F.N.B. were worth $1,655,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. World Investment Advisors raised its position in shares of F.N.B. by 2.3% during the 4th quarter. World Investment Advisors now owns 29,393 shares of the bank’s stock valued at $434,000 after acquiring an additional 667 shares in the last quarter. Forum Financial Management LP increased its position in F.N.B. by 5.9% in the fourth quarter. Forum Financial Management LP now owns 13,258 shares of the bank’s stock worth $196,000 after buying an additional 744 shares during the period. Arizona State Retirement System increased its position in F.N.B. by 0.7% in the fourth quarter. Arizona State Retirement System now owns 104,354 shares of the bank’s stock worth $1,542,000 after buying an additional 765 shares during the period. United Services Automobile Association increased its position in F.N.B. by 3.7% in the fourth quarter. United Services Automobile Association now owns 24,524 shares of the bank’s stock worth $362,000 after buying an additional 870 shares during the period. Finally, Treasurer of the State of North Carolina increased its position in F.N.B. by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 156,397 shares of the bank’s stock worth $2,312,000 after buying an additional 990 shares during the period. 79.25% of the stock is currently owned by hedge funds and other institutional investors.

F.N.B. Price Performance

Shares of NYSE:FNB opened at $13.74 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $4.94 billion, a PE ratio of 10.91, a PEG ratio of 3.60 and a beta of 0.91. F.N.B. Co. has a 1-year low of $10.88 and a 1-year high of $17.70. The business’s 50 day moving average is $13.52 and its 200-day moving average is $14.30.

F.N.B. (NYSE:FNB) last released its earnings results on Wednesday, April 16th. The bank reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $411.61 million during the quarter, compared to the consensus estimate of $409.52 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. Sell-side analysts predict that F.N.B. Co. will post 1.45 earnings per share for the current year.

F.N.B. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd were paid a $0.12 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 3.49%. F.N.B.’s payout ratio is 38.10%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FNB. Wells Fargo & Company decreased their price target 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. DA Davidson reissued a “buy” rating and issued a $19.00 price objective on shares of F.N.B. in a research note on Thursday, April 17th. Truist Financial began coverage on F.N.B. in a research note on Tuesday, May 13th. They set a “buy” rating and a $16.50 price target for the company. Finally, Keefe, Bruyette & Woods raised F.N.B. from a “market perform” rating to an “outperform” rating and set a $16.50 price objective on the stock in a research note on Monday, April 21st. One investment 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $17.57.

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.