Tradewinds LLC. Invests $1.44 Million in F.N.B. Corporation $FNB

Tradewinds LLC. acquired a new stake in shares of F.N.B. Corporation (NYSE:FNB) in the third quarter, Holdings Channel reports. The firm acquired 89,609 shares of the bank’s stock, valued at approximately $1,444,000.

Several other large investors also recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its stake in F.N.B. by 11.6% in the 1st quarter. Royal Bank of Canada now owns 274,466 shares of the bank’s stock worth $3,692,000 after acquiring an additional 28,570 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in F.N.B. by 23.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 153,039 shares of the bank’s stock worth $2,058,000 after acquiring an additional 29,248 shares during the period. Goldman Sachs Group Inc. grew its holdings in F.N.B. by 77.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,513,248 shares of the bank’s stock worth $20,353,000 after acquiring an additional 660,387 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of F.N.B. by 5.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,049,241 shares of the bank’s stock valued at $14,112,000 after purchasing an additional 58,672 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of F.N.B. by 22.8% in the 2nd quarter. Parallel Advisors LLC now owns 3,802 shares of the bank’s stock worth $55,000 after purchasing an additional 706 shares during the period. 79.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on FNB shares. Truist Financial set a $19.00 price objective on shares of F.N.B. in a report on Tuesday, January 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of F.N.B. in a report on Monday, December 29th. Piper Sandler began coverage on F.N.B. in a research report on Wednesday, December 3rd. They issued an “overweight” rating and a $19.00 price target for the company. Finally, DA Davidson downgraded F.N.B. from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, F.N.B. presently has an average rating of “Moderate Buy” and an average price target of $19.10.

F.N.B. Trading Down 0.8%

Shares of NYSE:FNB opened at $17.33 on Monday. The business’s 50-day moving average is $16.96 and its 200 day moving average is $16.26. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.92 and a quick ratio of 0.92. F.N.B. Corporation has a 1 year low of $10.88 and a 1 year high of $17.93. The firm has a market capitalization of $6.21 billion, a P/E ratio of 12.47, a P/E/G ratio of 0.83 and a beta of 0.91.

F.N.B. (NYSE:FNB) last issued its quarterly earnings results on Friday, October 17th. The bank reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. F.N.B. had a return on equity of 8.22% and a net margin of 19.23%.The business had revenue of $457.50 million for the quarter, compared to analyst estimates of $448.10 million. During the same quarter in the previous year, the firm earned $0.34 earnings per share. On average, research analysts predict that F.N.B. Corporation will post 1.45 earnings per share for the current fiscal year.

F.N.B. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a dividend of $0.12 per share. The ex-dividend date was Monday, December 1st. This represents a $0.48 dividend on an annualized basis and a yield of 2.8%. F.N.B.’s dividend payout ratio is presently 34.53%.

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 stock was sold at an average price of $17.67, for a total value of $265,050.00. Following the completion of the transaction, the insider owned 279,883 shares in the company, valued at $4,945,532.61. This trade represents a 5.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider James L. Dutey sold 40,000 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $16.75, for a total value of $670,000.00. Following the sale, the insider owned 49,936 shares in the company, valued at approximately $836,428. The trade was a 44.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.37% of the company’s stock.

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.