Yousif Capital Management LLC Sells 2,512 Shares of F.N.B. Corporation $FNB

Yousif Capital Management LLC decreased its holdings in shares of F.N.B. Corporation (NYSE:FNB) by 2.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 120,502 shares of the bank’s stock after selling 2,512 shares during the period. Yousif Capital Management LLC’s holdings in F.N.B. were worth $1,757,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of FNB. McClarren Financial Advisors Inc. bought a new position in shares of F.N.B. during the first quarter valued at approximately $28,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of F.N.B. during the first quarter valued at approximately $34,000. Smallwood Wealth Investment Management LLC bought a new position in shares of F.N.B. during the first quarter valued at approximately $42,000. AlphaQuest LLC grew its stake in F.N.B. by 82.2% in the first quarter. AlphaQuest LLC now owns 3,295 shares of the bank’s stock worth $44,000 after purchasing an additional 1,487 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its stake in F.N.B. by 233.5% in the first quarter. Meeder Asset Management Inc. now owns 3,445 shares of the bank’s stock worth $46,000 after purchasing an additional 2,412 shares in the last quarter. Institutional investors own 79.25% of the company’s stock.

F.N.B. Stock Up 3.2%

Shares of NYSE FNB opened at $15.12 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $5.43 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 1.00 and a beta of 0.94. The stock’s fifty day simple moving average is $16.12 and its two-hundred day simple moving average is $14.83. F.N.B. Corporation has a 12-month low of $10.88 and a 12-month high of $17.70.

F.N.B. (NYSE:FNB) last announced its earnings results on Thursday, June 20th. The bank reported $0.40 earnings per share (EPS) for the quarter. The business had revenue of $419.30 million for the quarter. F.N.B. had a return on equity of 8.22% and a net margin of 19.23%. As a group, analysts expect that F.N.B. Corporation will post 1.45 EPS for the current fiscal year.

F.N.B. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, September 2nd. F.N.B.’s dividend payout ratio (DPR) is 34.53%.

Analyst Ratings Changes

Several research analysts recently issued reports on FNB shares. Weiss Ratings reissued a “buy (b)” rating on shares of F.N.B. in a research note on Wednesday, October 8th. Wall Street Zen raised F.N.B. from a “sell” rating to a “hold” rating in a research note on Sunday, July 13th. Wells Fargo & Company increased their price objective on F.N.B. from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. Truist Financial increased their price objective on F.N.B. from $17.50 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Finally, DA Davidson increased their price objective on F.N.B. from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Eight equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $18.64.

F.N.B. 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.