KBC Group NV Sells 271,272 Shares of F.N.B. Corporation (NYSE:FNB)

KBC Group NV cut its holdings in F.N.B. Corporation (NYSE:FNB) by 94.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,493 shares of the bank’s stock after selling 271,272 shares during the period. KBC Group NV’s holdings in F.N.B. were worth $208,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank bought a new position in F.N.B. in the 4th quarter valued at $50,205,000. First Trust Advisors LP boosted its holdings in F.N.B. by 76.8% in the 4th 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 during the period. Raymond James Financial Inc. bought a new position in F.N.B. in the 4th quarter valued at $15,801,000. Balyasny Asset Management L.P. bought a new position in F.N.B. in the 4th quarter valued at $12,952,000. Finally, Prospector Partners LLC bought a new position in F.N.B. in the 4th quarter valued at $12,091,000. 79.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on FNB shares. Keefe, Bruyette & Woods raised shares of F.N.B. from a “market perform” rating to an “outperform” rating and set a $16.50 price target for the company in a report on Monday, April 21st. Wells Fargo & Company dropped their price objective on shares of F.N.B. from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. Truist Financial initiated coverage on shares of F.N.B. in a report on Tuesday, May 13th. They set a “buy” rating and a $16.50 price objective for the company. DA Davidson reaffirmed a “buy” rating and set a $19.00 price objective on shares of F.N.B. in a report on Thursday, April 17th. Finally, Wall Street Zen downgraded shares of F.N.B. from a “hold” rating to a “sell” rating in a report on Saturday. One equities research analyst has rated the stock with a sell rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.57.

F.N.B. Price Performance

Shares of NYSE:FNB opened at $15.58 on Monday. The stock has a market cap of $5.61 billion, a PE ratio of 12.37, a PEG ratio of 1.12 and a beta of 0.92. The company’s fifty day moving average is $14.07 and its 200 day moving average is $14.16. F.N.B. Corporation has a 52 week low of $10.88 and a 52 week high of $17.70. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.39.

F.N.B. (NYSE:FNB) last issued its 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 company had revenue of $411.61 million for the quarter, compared to analysts’ expectations 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 quarter last year, the company earned $0.34 EPS. Research analysts anticipate that F.N.B. Corporation will post 1.45 earnings per share for the current year.

F.N.B. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, June 15th. Investors of record on Monday, June 2nd were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date was Monday, June 2nd. F.N.B.’s payout ratio is presently 38.10%.

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.