Hsbc Holdings PLC Trims Position in F.N.B. Co. (NYSE:FNB)

Hsbc Holdings PLC decreased its position in F.N.B. Co. (NYSE:FNB) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 268,498 shares of the bank’s stock after selling 16,220 shares during the quarter. Hsbc Holdings PLC owned approximately 0.07% of F.N.B. worth $3,971,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of FNB. AlphaQuest LLC raised its holdings in F.N.B. by 3,589.8% in the 4th quarter. AlphaQuest LLC now owns 1,808 shares of the bank’s stock worth $27,000 after purchasing an additional 1,759 shares during the period. Headlands Technologies LLC purchased a new stake in F.N.B. in the fourth quarter worth about $39,000. Versant Capital Management Inc increased its position in F.N.B. by 100.9% in the fourth quarter. Versant Capital Management Inc now owns 4,011 shares of the bank’s stock worth $59,000 after buying an additional 2,014 shares in the last quarter. Sandy Spring Bank bought a new position in shares of F.N.B. in the fourth quarter worth about $67,000. Finally, R Squared Ltd purchased a new position in shares of F.N.B. during the 4th quarter valued at about $69,000. 79.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FNB has been the topic of a number of recent analyst reports. Piper Sandler decreased their target price on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Wells Fargo & Company decreased their price objective on shares of F.N.B. from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 9th. DA Davidson reaffirmed a “buy” rating and issued a $19.00 target price on shares of F.N.B. in a report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods raised F.N.B. from a “market perform” rating to an “outperform” rating and set a $16.50 price target on the stock in a report on Monday, April 21st. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.75.

F.N.B. Stock Down 0.3 %

Shares of FNB stock opened at $13.32 on Wednesday. The company’s fifty day simple moving average is $13.24 and its two-hundred day simple moving average is $14.72. F.N.B. Co. has a 52 week low of $10.88 and a 52 week high of $17.70. The stock has a market cap of $4.79 billion, a P/E ratio of 10.57, a PEG ratio of 3.60 and a beta of 0.86. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.48.

F.N.B. (NYSE:FNB) last posted its earnings results on Wednesday, April 16th. The bank reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The company had revenue of $411.61 million for the quarter, compared to the consensus estimate of $409.52 million. F.N.B. had a return on equity of 8.30% and a net margin of 18.12%. During the same period in the previous year, the business earned $0.34 earnings per share. Analysts predict that F.N.B. Co. will post 1.45 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.60%. F.N.B.’s dividend payout ratio is currently 38.10%.

Insider Activity at F.N.B.

In related news, Director David L. Motley sold 15,000 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $15.51, for a total value of $232,650.00. Following the completion of the transaction, the director now owns 65,344 shares of the company’s stock, valued at approximately $1,013,485.44. This trade represents a 18.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William B. Campbell acquired 3,000 shares of F.N.B. stock in a transaction on Wednesday, February 5th. The shares were bought at an average cost of $15.57 per share, for a total transaction of $46,710.00. Following the completion of the purchase, the director now directly owns 158,834 shares of the company’s stock, valued at $2,473,045.38. The trade was a 1.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.37% of the stock is currently owned by insiders.

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.