LSV Asset Management Trims Stake in F.N.B. Corporation $FNB

LSV Asset Management lowered its position in F.N.B. Corporation (NYSE:FNB) by 2.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,848,200 shares of the bank’s stock after selling 48,100 shares during the period. LSV Asset Management owned approximately 0.51% of F.N.B. worth $26,947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Rhino Investment Partners Inc bought a new stake in shares of F.N.B. during the 1st quarter worth approximately $19,990,000. Goldman Sachs Group Inc. grew its position in F.N.B. by 77.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,513,248 shares of the bank’s stock valued at $20,353,000 after acquiring an additional 660,387 shares during the last quarter. Victory Capital Management Inc. increased its stake in F.N.B. by 485.4% in the first quarter. Victory Capital Management Inc. now owns 748,816 shares of the bank’s stock worth $10,072,000 after purchasing an additional 620,891 shares during the period. AQR Capital Management LLC lifted its position in shares of F.N.B. by 36.4% during the first quarter. AQR Capital Management LLC now owns 1,896,488 shares of the bank’s stock worth $25,204,000 after purchasing an additional 505,780 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of F.N.B. by 175.9% during the first quarter. Hsbc Holdings PLC now owns 740,798 shares of the bank’s stock valued at $9,935,000 after purchasing an additional 472,300 shares during the period. Institutional investors own 79.25% of the company’s stock.

F.N.B. Trading Up 0.4%

NYSE FNB opened at $15.44 on Wednesday. F.N.B. Corporation has a one year low of $10.88 and a one year high of $17.70. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $5.53 billion, a price-to-earnings ratio of 11.10, a price-to-earnings-growth ratio of 0.82 and a beta of 0.98. The company’s 50-day simple moving average is $15.89 and its two-hundred day simple moving average is $15.33.

F.N.B. (NYSE:FNB) last released its quarterly earnings data on Thursday, June 20th. The bank reported $0.40 earnings per share (EPS) for the quarter. The firm had revenue of $419.30 million for the quarter. F.N.B. had a net margin of 19.23% and a return on equity of 8.22%. Equities analysts forecast that F.N.B. Corporation will post 1.45 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, December 1st. F.N.B.’s payout ratio is 34.53%.

Wall Street Analysts Forecast Growth

FNB has been the topic of several recent analyst reports. DA Davidson downgraded shares of F.N.B. from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Truist Financial raised their target price on shares of F.N.B. from $18.00 to $18.50 and gave the stock a “buy” rating in a research report on Monday, October 20th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of F.N.B. in a report on Friday, October 31st. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $18.83.

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.