Centiva Capital LP Invests $1.18 Million in F.N.B. Co. (NYSE:FNB)

Centiva Capital LP bought a new position in F.N.B. Co. (NYSE:FNB - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 83,439 shares of the bank's stock, valued at approximately $1,177,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Kathleen S. Wright Associates Inc. acquired a new position in F.N.B. in the third quarter worth approximately $28,000. Brooklyn Investment Group bought a new stake in shares of F.N.B. during the 3rd quarter worth $31,000. Richardson Financial Services Inc. raised its position in shares of F.N.B. by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank's stock worth $41,000 after purchasing an additional 1,473 shares during the period. GAMMA Investing LLC lifted its holdings in shares of F.N.B. by 113.8% during the second quarter. GAMMA Investing LLC now owns 3,314 shares of the bank's stock valued at $45,000 after purchasing an additional 1,764 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of F.N.B. by 82.3% during the third quarter. UMB Bank n.a. now owns 3,687 shares of the bank's stock valued at $52,000 after purchasing an additional 1,665 shares during the last quarter. 79.25% of the stock is currently owned by institutional investors.

F.N.B. Stock Down 0.9 %

FNB stock traded down $0.15 during mid-day trading on Thursday, hitting $16.54. The stock had a trading volume of 1,598,773 shares, compared to its average volume of 2,207,462. The stock has a market capitalization of $5.95 billion, a price-to-earnings ratio of 15.32 and a beta of 0.99. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. F.N.B. Co. has a 1-year low of $12.47 and a 1-year high of $17.70. The company has a fifty day moving average of $15.27 and a 200 day moving average of $14.43.

F.N.B. (NYSE:FNB - Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The bank reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). The business had revenue of $413.02 million for the quarter, compared to the consensus estimate of $409.80 million. F.N.B. had a net margin of 16.29% and a return on equity of 8.49%. On average, equities analysts expect that F.N.B. Co. will post 1.34 EPS for the current fiscal year.

F.N.B. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Monday, December 2nd will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Monday, December 2nd. F.N.B.'s payout ratio is presently 44.04%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FNB. Keefe, Bruyette & Woods upped their price objective on shares of F.N.B. from $16.00 to $18.00 and gave the company a "market perform" rating in a research note on Wednesday. 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 research note on Monday, October 21st. Piper Sandler reiterated an "overweight" rating on shares of F.N.B. in a research report on Friday, October 18th. Raymond James raised their target price on F.N.B. from $17.00 to $19.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. Finally, StockNews.com raised F.N.B. from a "sell" rating to a "hold" rating in a research report on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, F.N.B. has an average rating of "Moderate Buy" and a consensus target price of $17.67.

About F.N.B.

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.