UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $14.92 Million Holdings in F.N.B. Corporation $FNB

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of F.N.B. Corporation (NYSE:FNB) by 13.9% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 782,117 shares of the bank’s stock after selling 126,350 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.22% of F.N.B. worth $14,923,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of FNB. Root Financial Partners LLC boosted its position in shares of F.N.B. by 66.8% during the first quarter. Root Financial Partners LLC now owns 2,047 shares of the bank’s stock valued at $34,000 after buying an additional 820 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in F.N.B. by 3,723.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the bank’s stock worth $36,000 after acquiring an additional 2,420 shares during the last quarter. Triumph Capital Management purchased a new position in F.N.B. during the 3rd quarter worth $55,000. Parallel Advisors LLC grew its stake in shares of F.N.B. by 18.9% in the 3rd quarter. Parallel Advisors LLC now owns 4,522 shares of the bank’s stock worth $73,000 after acquiring an additional 720 shares in the last quarter. Finally, Danske Bank A S purchased a new stake in shares of F.N.B. in the third quarter valued at about $85,000. 79.25% of the stock is owned by hedge funds and other institutional investors.

F.N.B. Stock Performance

Shares of FNB opened at $18.70 on Friday. The firm has a market cap of $6.60 billion, a PE ratio of 11.13, a PEG ratio of 1.19 and a beta of 0.84. The stock’s fifty day moving average price is $18.90 and its two-hundred day moving average price is $17.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.92 and a quick ratio of 0.91. F.N.B. Corporation has a 1 year low of $14.45 and a 1 year high of $19.59.

F.N.B. (NYSE:FNB) last posted its quarterly earnings results on Friday, July 17th. The bank reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. F.N.B. had a return on equity of 9.10% and a net margin of 22.29%.The company had revenue of $463.00 million during the quarter, compared to the consensus estimate of $467.13 million. During the same quarter in the prior year, the company earned $0.36 EPS. On average, equities research analysts forecast that F.N.B. Corporation will post 1.69 EPS for the current year.

F.N.B. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Tuesday, September 1st. F.N.B.’s dividend payout ratio (DPR) is currently 30.95%.

Insider Activity

In related news, insider Gary L. Guerrieri sold 19,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $18.53, for a total value of $352,070.00. Following the completion of the transaction, the insider directly owned 298,097 shares of the company’s stock, valued at approximately $5,523,737.41. This trade represents a 5.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bryant Mitchell David sold 4,055 shares of F.N.B. stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $19.25, for a total transaction of $78,058.75. Following the completion of the transaction, the insider owned 144,283 shares of the company’s stock, valued at $2,777,447.75. This represents a 2.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on FNB shares. Truist Financial cut their price target on shares of F.N.B. from $21.00 to $20.50 and set a “buy” rating on the stock in a report on Monday, July 20th. Piper Sandler reiterated an “overweight” rating on shares of F.N.B. in a research note on Monday, July 20th. Weiss Ratings reissued a “buy (b)” rating on shares of F.N.B. in a research report on Tuesday, June 9th. Wells Fargo & Company increased their price target on F.N.B. from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Finally, Wall Street Zen raised F.N.B. from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, F.N.B. has a consensus rating of “Buy” and an average price target of $20.90.

F.N.B. Company Profile

F.N.B. Corporation is a bank holding company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, FNB Bank, the company provides a broad range of commercial and consumer financial services. Founded in 1864 as the First National Bank of Pennsylvania, F.N.B. has grown through both organic expansion and strategic acquisitions to become a regional banking franchise.

The company’s main business activities include traditional deposit-taking and lending services, such as checking and savings accounts, mortgages, home equity lines of credit, and consumer and commercial loans.