Caxton Associates LLP Buys New Shares in F.N.B. Corporation $FNB

Caxton Associates LLP bought a new position in shares of F.N.B. Corporation (NYSE:FNB) in the first quarter, Holdings Channel reports. The fund bought 49,959 shares of the bank’s stock, valued at approximately $672,000.

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

F.N.B. Price Performance

NYSE FNB opened at $16.38 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of 0.92 and a beta of 0.98. The company has a 50 day simple moving average of $15.86 and a 200-day simple moving average of $14.39. F.N.B. Corporation has a 52-week low of $10.88 and a 52-week high of $17.70.

F.N.B. (NYSE:FNB) last released its earnings results on Thursday, July 17th. The bank reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. The company had revenue of $438.21 million during the quarter, compared to the consensus estimate of $424.39 million. F.N.B. had a net margin of 17.88% and a return on equity of 7.94%. During the same quarter in the prior year, the firm earned $0.34 EPS. Equities research analysts predict that F.N.B. Corporation will post 1.45 earnings per share for the current fiscal year.

F.N.B. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 2.9%. F.N.B.’s dividend payout ratio (DPR) is presently 37.50%.

Wall Street Analysts Forecast Growth

FNB has been the subject of a number of analyst reports. Truist Financial upped their price objective on shares of F.N.B. from $17.50 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. DA Davidson boosted their price target on shares of F.N.B. from $17.00 to $19.00 and gave the company a “buy” rating in a report on Monday, July 21st. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $18.50 price objective (up previously from $16.50) on shares of F.N.B. in a research note on Monday, July 21st. Wall Street Zen upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a research report on Sunday, July 13th. Finally, Wells Fargo & Company boosted their target price on shares of F.N.B. from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, July 21st. Seven research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $18.64.

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.