Arizona State Retirement System Has $1.19 Million Stake in F.N.B. Co. (NYSE:FNB)

Arizona State Retirement System increased its position in shares of F.N.B. Co. (NYSE:FNBGet Rating) by 10.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 95,364 shares of the bank’s stock after buying an additional 9,367 shares during the period. Arizona State Retirement System’s holdings in F.N.B. were worth $1,187,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. State of Michigan Retirement System increased its holdings in F.N.B. by 1.0% during the fourth quarter. State of Michigan Retirement System now owns 80,857 shares of the bank’s stock worth $981,000 after buying an additional 800 shares during the last quarter. Parallel Advisors LLC increased its holdings in F.N.B. by 40.4% during the first quarter. Parallel Advisors LLC now owns 4,578 shares of the bank’s stock worth $59,000 after buying an additional 1,318 shares during the last quarter. Xponance Inc. boosted its position in F.N.B. by 4.2% during the first quarter. Xponance Inc. now owns 36,916 shares of the bank’s stock worth $460,000 after purchasing an additional 1,487 shares during the period. Securian Asset Management Inc. boosted its position in F.N.B. by 6.8% during the first quarter. Securian Asset Management Inc. now owns 30,487 shares of the bank’s stock worth $380,000 after purchasing an additional 1,932 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in F.N.B. by 5.0% during the first quarter. State of Alaska Department of Revenue now owns 48,465 shares of the bank’s stock worth $603,000 after purchasing an additional 2,305 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

F.N.B. Trading Down 0.2 %

Shares of F.N.B. stock opened at $11.94 on Tuesday. The firm has a 50-day moving average of $11.36 and a 200-day moving average of $12.20. The stock has a market cap of $4.20 billion, a PE ratio of 10.95 and a beta of 1.11. F.N.B. Co. has a 52-week low of $10.48 and a 52-week high of $14.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 0.86.

F.N.B. (NYSE:FNBGet Rating) last announced its earnings results on Wednesday, July 20th. The bank reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. The company had revenue of $335.80 million during the quarter, compared to analysts’ expectations of $336.17 million. F.N.B. had a net margin of 27.30% and a return on equity of 8.04%. F.N.B.’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.31 earnings per share. As a group, sell-side analysts forecast that F.N.B. Co. will post 1.29 EPS for the current year.

F.N.B. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Friday, September 2nd will be given a $0.12 dividend. The ex-dividend date is Thursday, September 1st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.02%. F.N.B.’s payout ratio is presently 44.04%.

Analysts Set New Price Targets

A number of research firms have commented on FNB. Jefferies Financial Group reduced their price objective on shares of F.N.B. from $13.00 to $12.00 in a research report on Monday, July 11th. DA Davidson reaffirmed a “buy” rating on shares of F.N.B. in a research report on Wednesday, July 27th. Finally, Truist Financial reduced their price objective on shares of F.N.B. from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, July 6th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, F.N.B. currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

F.N.B. Profile

(Get Rating)

F.N.B. Corporation, a financial holding company, provides a range of financial services primarily to consumers, corporations, governments, and small- to medium-sized businesses. The company operates through three segments: Community Banking, Wealth Management, and Insurance. It offers commercial banking solutions, including corporate and small business banking, investment real estate financing, business credit, capital market, and lease financing services.

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Institutional Ownership by Quarter for F.N.B. (NYSE:FNB)

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