Rhino Investment Partners Inc Grows Stock Position in F.N.B. Corporation $FNB

Rhino Investment Partners Inc raised its position in shares of F.N.B. Corporation (NYSE:FNB) by 47.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,207,418 shares of the bank’s stock after purchasing an additional 390,526 shares during the period. F.N.B. makes up approximately 5.6% of Rhino Investment Partners Inc’s holdings, making the stock its 5th largest holding. Rhino Investment Partners Inc’s holdings in F.N.B. were worth $20,188,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Entropy Technologies LP purchased a new position in shares of F.N.B. in the 1st quarter worth about $427,000. Hillsdale Investment Management Inc. bought a new position in shares of F.N.B. during the 1st quarter valued at about $3,381,000. DGS Capital Management LLC purchased a new position in shares of F.N.B. during the 1st quarter valued at about $312,000. Root Financial Partners LLC raised its holdings in shares of 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 buying an additional 820 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of F.N.B. by 585.2% during the 1st quarter. SG Americas Securities LLC now owns 358,244 shares of the bank’s stock valued at $5,990,000 after buying an additional 305,961 shares in the last quarter. Institutional investors own 79.25% of the company’s stock.

Insider Transactions at F.N.B.

In other F.N.B. news, insider Gary L. Guerrieri sold 19,000 shares of F.N.B. stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $18.53, for a total value of $352,070.00. Following the transaction, the insider directly owned 298,097 shares of the company’s stock, valued at $5,523,737.41. The trade was a 5.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by insiders.

F.N.B. Stock Up 1.6%

Shares of NYSE:FNB opened at $19.13 on Wednesday. The stock has a market capitalization of $6.81 billion, a P/E ratio of 11.39, a price-to-earnings-growth ratio of 1.19 and a beta of 0.84. The stock’s 50-day moving average price is $18.43 and its 200-day moving average price is $17.74. 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 Thursday, July 16th. The bank reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. The company had revenue of $465.77 million during the quarter, compared to analyst estimates of $467.13 million. F.N.B. had a return on equity of 9.10% and a net margin of 22.29%.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.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on FNB shares. 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 research note on Monday, July 20th. Piper Sandler reissued an “overweight” rating on shares of F.N.B. in a research note on Monday, July 20th. Truist Financial decreased their price target on shares of F.N.B. from $21.00 to $20.50 and set a “buy” rating on the stock in a research note on Monday, July 20th. Weiss Ratings restated a “buy (b)” rating on shares of F.N.B. in a report on Tuesday, June 9th. Finally, Wells Fargo & Company upped their price objective on shares of F.N.B. from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $20.70.

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.