Syon Capital LLC Buys Shares of 31,070 F.N.B. Corporation $FNB

Syon Capital LLC purchased a new position in shares of F.N.B. Corporation (NYSE:FNB) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 31,070 shares of the bank’s stock, valued at approximately $501,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FNB. Rothschild Investment LLC grew its stake in shares of F.N.B. by 65,030.0% during the third quarter. Rothschild Investment LLC now owns 6,513 shares of the bank’s stock worth $105,000 after acquiring an additional 6,503 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in F.N.B. by 45.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 10,868 shares of the bank’s stock worth $176,000 after purchasing an additional 3,400 shares in the last quarter. Tradewinds LLC. purchased a new stake in F.N.B. during the 3rd quarter worth approximately $1,444,000. Quent Capital LLC increased its stake in F.N.B. by 10.2% during the 3rd quarter. Quent Capital LLC now owns 11,089 shares of the bank’s stock valued at $179,000 after purchasing an additional 1,030 shares in the last quarter. Finally, Citizens Financial Group Inc. RI acquired a new position in F.N.B. during the 3rd quarter valued at approximately $167,000. 79.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FNB. Truist Financial upped their target price on F.N.B. from $19.00 to $19.50 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Piper Sandler reissued an “overweight” rating and issued a $21.00 price objective (up from $20.00) on shares of F.N.B. in a report on Thursday, January 22nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of F.N.B. in a report on Monday, December 29th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, F.N.B. currently has an average rating of “Buy” and a consensus price target of $19.60.

Insiders Place Their Bets

In related news, insider Gary L. Guerrieri sold 15,000 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $17.67, for a total transaction of $265,050.00. Following the sale, the insider owned 279,883 shares in the company, valued at approximately $4,945,532.61. This trade represents a 5.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James L. Dutey sold 40,000 shares of F.N.B. stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $16.75, for a total transaction of $670,000.00. Following the completion of the transaction, the insider directly owned 49,936 shares of the company’s stock, valued at $836,428. The trade was a 44.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.37% of the company’s stock.

F.N.B. Stock Performance

Shares of FNB stock opened at $18.33 on Friday. F.N.B. Corporation has a 52-week low of $10.88 and a 52-week high of $19.14. The company has a quick ratio of 0.90, a current ratio of 0.92 and a debt-to-equity ratio of 0.28. The stock has a market cap of $6.57 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 0.83 and a beta of 0.92. The business has a 50-day simple moving average of $17.72 and a 200-day simple moving average of $16.66.

F.N.B. (NYSE:FNB) last posted its earnings results on Tuesday, January 20th. The bank reported $0.50 EPS for the quarter, topping the consensus estimate of $0.41 by $0.09. F.N.B. had a return on equity of 8.76% and a net margin of 20.98%.The firm had revenue of $457.78 million for the quarter, compared to analyst estimates of $457.87 million. During the same period last year, the company earned $0.30 earnings per share. On average, equities analysts expect that F.N.B. Corporation will post 1.45 EPS for the current year.

F.N.B. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, March 2nd. F.N.B.’s payout ratio is currently 30.77%.

About F.N.B.

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.