F.N.B. Co. (NYSE:FNB) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in F.N.B. Co. (NYSE:FNB - Free Report) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,952,429 shares of the bank's stock after acquiring an additional 127,516 shares during the quarter. Principal Financial Group Inc. owned 1.38% of F.N.B. worth $69,879,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its stake in shares of F.N.B. by 25.2% in the first quarter. BNP Paribas Financial Markets now owns 36,509 shares of the bank's stock worth $515,000 after acquiring an additional 7,344 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of F.N.B. by 5.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 60,472 shares of the bank's stock valued at $853,000 after buying an additional 2,914 shares during the last quarter. Texas Permanent School Fund Corp grew its position in shares of F.N.B. by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 314,043 shares of the bank's stock worth $4,428,000 after buying an additional 4,066 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of F.N.B. in the first quarter worth $600,000. Finally, Sei Investments Co. raised its holdings in F.N.B. by 5.8% in the first quarter. Sei Investments Co. now owns 1,341,044 shares of the bank's stock valued at $18,909,000 after acquiring an additional 73,016 shares in the last quarter. Institutional investors and hedge funds own 79.25% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Stephens raised their price objective on shares of F.N.B. from $16.00 to $18.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. Piper Sandler reiterated an "overweight" rating on shares of F.N.B. in a research note on Friday, October 18th. Finally, StockNews.com upgraded F.N.B. from a "sell" rating to a "hold" rating in a research note on Monday, October 21st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.33.

F.N.B. Stock Performance

FNB stock traded up $0.08 during midday trading on Friday, reaching $16.14. The company had a trading volume of 1,787,613 shares, compared to its average volume of 2,729,924. The firm has a market capitalization of $5.80 billion, a PE ratio of 14.81 and a beta of 0.95. The stock has a 50 day moving average price of $14.33 and a 200 day moving average price of $14.06. F.N.B. Co. has a fifty-two week low of $10.98 and a fifty-two week high of $16.76. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.40.

F.N.B. (NYSE:FNB - Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.02). F.N.B. had a net margin of 16.29% and a return on equity of 8.49%. The company had revenue of $413.02 million for the quarter, compared to analyst estimates of $409.80 million. Analysts anticipate that F.N.B. Co. will post 1.35 earnings per share for the current year.

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.