Maryland State Retirement & Pension System Has $224,000 Stock Holdings in F.N.B. Corporation $FNB

Maryland State Retirement & Pension System trimmed its holdings in shares of F.N.B. Corporation (NYSE:FNB) by 18.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,623 shares of the bank’s stock after selling 3,679 shares during the quarter. Maryland State Retirement & Pension System’s holdings in F.N.B. were worth $224,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Forum Financial Management LP boosted its holdings in shares of F.N.B. by 5.9% in the fourth quarter. Forum Financial Management LP now owns 13,258 shares of the bank’s stock valued at $196,000 after buying an additional 744 shares during the period. Verdence Capital Advisors LLC boosted its stake in F.N.B. by 3.2% in the 1st quarter. Verdence Capital Advisors LLC now owns 25,489 shares of the bank’s stock worth $343,000 after purchasing an additional 783 shares during the period. LPL Financial LLC boosted its stake in F.N.B. by 0.4% in the 1st quarter. LPL Financial LLC now owns 224,171 shares of the bank’s stock worth $3,015,000 after purchasing an additional 886 shares during the period. Federated Hermes Inc. increased its holdings in F.N.B. by 0.3% during the 1st quarter. Federated Hermes Inc. now owns 315,585 shares of the bank’s stock worth $4,245,000 after purchasing an additional 892 shares in the last quarter. Finally, State of Michigan Retirement System raised its stake in shares of F.N.B. by 1.1% in the 1st quarter. State of Michigan Retirement System now owns 86,051 shares of the bank’s stock valued at $1,157,000 after purchasing an additional 900 shares during the period. Institutional investors own 79.25% of the company’s stock.

F.N.B. Stock Up 0.0%

FNB stock opened at $15.8250 on Wednesday. F.N.B. Corporation has a fifty-two week low of $10.88 and a fifty-two week high of $17.70. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market capitalization of $5.68 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 0.90 and a beta of 0.94. The business’s fifty day moving average price is $15.14 and its two-hundred day moving average price is $14.27.

F.N.B. (NYSE:FNB) last released its quarterly earnings results on Thursday, July 17th. The bank reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. F.N.B. had a net margin of 17.88% and a return on equity of 7.94%. The business had revenue of $438.21 million for the quarter, compared to the consensus estimate of $424.39 million. During the same period in the prior year, the company posted $0.34 earnings per share. On average, equities analysts anticipate that F.N.B. Corporation will post 1.45 earnings per share for the current year.

F.N.B. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 2nd. F.N.B.’s dividend payout ratio is 37.50%.

Wall Street Analyst Weigh In

FNB has been the subject of several recent research reports. Wall Street Zen raised F.N.B. from a “sell” rating to a “hold” rating in a research report on Sunday, July 13th. Truist Financial upped their target price on F.N.B. from $17.50 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. DA Davidson increased their price target on shares of F.N.B. from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Wells Fargo & Company lifted their target price on F.N.B. from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $18.50 price target (up previously from $16.50) on shares of F.N.B. in a report on Monday, July 21st. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, F.N.B. has a consensus rating of “Buy” and an average price target of $18.64.

F.N.B. Company 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.