West Family Investments Inc. Invests $636,000 in F.N.B. Corporation $FNB

West Family Investments Inc. bought a new position in F.N.B. Corporation (NYSE:FNB) during the second quarter, HoldingsChannel.com reports. The fund bought 33,341 shares of the bank’s stock, valued at approximately $636,000.

A number of other institutional investors have also recently made changes to their positions in the company. Root Financial Partners LLC boosted its stake in F.N.B. by 66.8% during the 1st quarter. Root Financial Partners LLC now owns 2,047 shares of the bank’s stock valued at $34,000 after purchasing an additional 820 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of F.N.B. by 3,723.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the bank’s stock valued at $36,000 after purchasing an additional 2,420 shares during the last quarter. Triumph Capital Management purchased a new stake in F.N.B. during the third quarter valued at approximately $55,000. Parkside Financial Bank & Trust raised its holdings in F.N.B. by 50.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 3,289 shares of the bank’s stock worth $63,000 after purchasing an additional 1,106 shares during the period. Finally, Parallel Advisors LLC raised its holdings in F.N.B. by 18.9% in the 3rd quarter. Parallel Advisors LLC now owns 4,522 shares of the bank’s stock worth $73,000 after purchasing an additional 720 shares during the period. Hedge funds and other institutional investors own 79.25% of the company’s stock.

Analysts Set New Price Targets

FNB has been the subject of a number of analyst reports. Truist Financial reduced their price target on F.N.B. from $21.00 to $20.50 and set a “buy” rating for the company in a research report on Monday, July 20th. Bank of America reaffirmed a “neutral” rating and issued a $19.00 target price (down from $20.00) on shares of F.N.B. in a report on Monday, July 20th. Wall Street Zen raised shares of F.N.B. from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings restated a “buy (b)” rating on shares of F.N.B. in a research report on Friday. Finally, Wells Fargo & Company boosted their price target on shares of F.N.B. from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $20.90.

F.N.B. Trading Down 1.7%

Shares of FNB opened at $18.35 on Wednesday. The company’s fifty day simple moving average is $18.87 and its 200-day simple moving average is $17.95. The company has a market cap of $6.48 billion, a P/E ratio of 10.92, a P/E/G ratio of 1.19 and a beta of 0.84. 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 twelve month low of $14.45 and a twelve month high of $19.59.

F.N.B. (NYSE:FNB) last released its quarterly earnings results on Friday, July 17th. The bank reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. The firm had revenue of $463.00 million during the quarter, compared to analysts’ expectations of $467.13 million. F.N.B. had a net margin of 22.29% and a return on equity of 9.10%. During the same period in the previous year, the company earned $0.36 EPS. As a group, analysts expect that F.N.B. Corporation will post 1.69 EPS for the current year.

F.N.B. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 1st. F.N.B.’s dividend payout ratio (DPR) is currently 30.95%.

Insider Buying and Selling

In other news, insider Gary Guerrieri sold 19,000 shares of F.N.B. stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $18.53, for a total transaction of $352,070.00. Following the completion of the sale, the insider owned 298,097 shares of the company’s stock, valued at approximately $5,523,737.41. The trade was a 5.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Bryant Mitchell David sold 4,055 shares of F.N.B. stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $19.25, for a total value of $78,058.75. Following the sale, the insider directly owned 144,283 shares of the company’s stock, valued at approximately $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. Company insiders own 1.50% of the company’s stock.

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.