F.N.B. Corporation (NYSE:FNB) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its position in F.N.B. Corporation (NYSE:FNB) by 2.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,892 shares of the bank’s stock after acquiring an additional 1,249 shares during the quarter. Janney Montgomery Scott LLC’s holdings in F.N.B. were worth $752,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

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

F.N.B. Trading Up 0.3%

F.N.B. stock opened at $14.59 on Tuesday. The stock has a 50-day moving average price of $13.89 and a 200 day moving average price of $14.15. F.N.B. Corporation has a 52 week low of $10.88 and a 52 week high of $17.70. The stock has a market cap of $5.25 billion, a PE ratio of 11.58, a P/E/G ratio of 1.04 and a beta of 0.91. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.39.

F.N.B. (NYSE:FNB) last issued its quarterly earnings results on Wednesday, April 16th. The bank reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The business had revenue of $411.61 million during the quarter, compared to the consensus estimate of $409.52 million. F.N.B. had a net margin of 17.78% and a return on equity of 7.97%. During the same period in the previous year, the firm posted $0.34 earnings per share. Equities research analysts predict that F.N.B. Corporation will post 1.45 earnings per share for the current fiscal year.

F.N.B. Announces Dividend

The firm 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. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend was Monday, June 2nd. F.N.B.’s dividend payout ratio is presently 38.10%.

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.