Quantbot Technologies LP acquired a new stake in shares of F.N.B. Co. (NYSE:FNB - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 87,642 shares of the bank's stock, valued at approximately $1,237,000.
Other large investors have also modified their holdings of the company. Kathleen S. Wright Associates Inc. purchased a new position in shares of F.N.B. in the third quarter worth approximately $28,000. Richardson Financial Services Inc. boosted its stake in F.N.B. by 100.0% in the 3rd 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 grew its position in F.N.B. by 113.8% during the 2nd quarter. GAMMA Investing LLC now owns 3,314 shares of the bank's stock worth $45,000 after purchasing an additional 1,764 shares in the last quarter. UMB Bank n.a. raised its stake in F.N.B. by 82.3% during the 3rd 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 period. Finally, Signaturefd LLC lifted its holdings in shares of F.N.B. by 16.7% in the third quarter. Signaturefd LLC now owns 5,592 shares of the bank's stock valued at $79,000 after purchasing an additional 799 shares in the last quarter. 79.25% of the stock is owned by institutional investors.
F.N.B. Stock Down 0.1 %
Shares of FNB traded down $0.01 during midday trading on Friday, reaching $17.15. 1,306,979 shares of the stock were exchanged, compared to its average volume of 2,390,163. The company has a market cap of $6.17 billion, a price-to-earnings ratio of 15.73 and a beta of 0.95. 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. Co. has a 12-month low of $11.89 and a 12-month high of $17.70. The firm has a 50 day simple moving average of $15.10 and a 200-day simple moving average of $14.38.
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%. Research analysts forecast that F.N.B. Co. will post 1.34 EPS for the current year.
F.N.B. Dividend Announcement
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 2.80%. The ex-dividend date is Monday, December 2nd. F.N.B.'s payout ratio is presently 44.04%.
Analyst Ratings Changes
A number of research analysts have recently weighed in on FNB shares. StockNews.com upgraded F.N.B. from a "sell" rating to a "hold" rating in a report on Monday, October 21st. Piper Sandler reaffirmed an "overweight" rating on shares of F.N.B. in a research note on Friday, October 18th. Raymond James upped their target price on F.N.B. from $17.00 to $19.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. Finally, Stephens raised their price target 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. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, F.N.B. presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.83.
View Our Latest Research Report on FNB
About F.N.B.
(
Free Report)
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.
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