West Family Investments Inc. Purchases Shares of 33,341 F.N.B. Corporation $FNB

West Family Investments Inc. bought a new stake in shares of F.N.B. Corporation (NYSE:FNB) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 33,341 shares of the bank’s stock, valued at approximately $636,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Root Financial Partners LLC lifted its holdings in shares of F.N.B. by 66.8% in the 1st quarter. Root Financial Partners LLC now owns 2,047 shares of the bank’s stock worth $34,000 after purchasing an additional 820 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in F.N.B. by 3,723.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the bank’s stock worth $36,000 after buying an additional 2,420 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of F.N.B. by 50.7% in the second quarter. Parkside Financial Bank & Trust now owns 3,289 shares of the bank’s stock valued at $63,000 after purchasing an additional 1,106 shares during the last quarter. Triumph Capital Management purchased a new stake in F.N.B. in the 3rd quarter valued at about $55,000. Finally, Parallel Advisors LLC increased its position in shares of F.N.B. by 18.9% during the third quarter. Parallel Advisors LLC now owns 4,522 shares of the bank’s stock valued at $73,000 after acquiring an additional 720 shares during the last quarter. Institutional investors own 79.25% of the company’s stock.

Insider Buying and Selling

In other news, insider Gary L. Guerrieri sold 19,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $18.53, for a total value of $352,070.00. Following the completion of the sale, the insider directly owned 298,097 shares of the company’s stock, valued at approximately $5,523,737.41. This trade represents a 5.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Bryant Mitchell David sold 4,055 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $19.25, for a total transaction of $78,058.75. Following the completion of the sale, the insider owned 144,283 shares of the company’s stock, valued at $2,777,447.75. This trade represents a 2.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.50% of the company’s stock.

F.N.B. Stock Down 1.7%

Shares of NYSE:FNB opened at $18.35 on Wednesday. The stock has a market capitalization of $6.48 billion, a P/E ratio of 10.92, a price-to-earnings-growth ratio of 1.19 and a beta of 0.84. The stock’s 50-day moving average price is $18.87 and its 200-day moving average price is $17.95. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.29. F.N.B. Corporation has a 12-month low of $14.45 and a 12-month high of $19.59.

F.N.B. (NYSE:FNB) last released its earnings results on Friday, July 17th. The bank reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. F.N.B. had a return on equity of 9.10% and a net margin of 22.29%.The company had revenue of $463.00 million during the quarter, compared to analyst estimates of $467.13 million. During the same quarter in the previous year, the company posted $0.36 EPS. On average, equities analysts anticipate that F.N.B. Corporation will post 1.69 earnings per share for the current year.

F.N.B. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 1st. F.N.B.’s dividend payout ratio is 30.95%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of F.N.B. in a research report on Friday. Wall Street Zen upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Bank of America reissued a “neutral” rating and set a $19.00 target price (down from $20.00) on shares of F.N.B. in a report on Monday, July 20th. Piper Sandler reissued an “overweight” rating on shares of F.N.B. in a report on Monday, July 20th. Finally, Truist Financial lowered their price objective on F.N.B. from $21.00 to $20.50 and set a “buy” rating on the stock in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $20.90.

F.N.B. Company Profile

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.