BNP Paribas Financial Markets increased its stake in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 527.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,413 shares of the bank's stock after purchasing an additional 118,868 shares during the quarter. BNP Paribas Financial Markets' holdings in F.N.B. were worth $1,995,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in FNB. Kathleen S. Wright Associates Inc. bought a new stake in F.N.B. during the 3rd quarter worth approximately $28,000. Brooklyn Investment Group bought a new stake in F.N.B. during the 3rd quarter worth approximately $31,000. Richardson Financial Services Inc. grew its holdings in F.N.B. by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank's stock worth $41,000 after acquiring an additional 1,473 shares during the last quarter. GAMMA Investing LLC grew its holdings 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 acquiring an additional 1,764 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings 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 worth $52,000 after acquiring an additional 1,665 shares during the last quarter. 79.25% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the stock. Raymond James upped their price objective on shares of F.N.B. from $17.00 to $19.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. Stephens upped their price objective on shares of F.N.B. from $16.00 to $18.00 and gave the company an "overweight" rating in a research note on Monday, October 21st. Wells Fargo & Company upped their price objective on shares of F.N.B. from $16.00 to $19.00 and gave the company an "overweight" rating in a research note on Tuesday, December 3rd. 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. Finally, Piper Sandler reaffirmed an "overweight" rating on shares of F.N.B. in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $17.67.
Get Our Latest Stock Report on F.N.B.
F.N.B. Stock Up 0.1 %
FNB traded up $0.01 during trading on Friday, hitting $16.55. 1,701,150 shares of the company's stock were exchanged, compared to its average volume of 1,915,192. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.40. The business's 50 day moving average is $15.38 and its two-hundred day moving average is $14.47. F.N.B. Co. has a fifty-two week low of $12.47 and a fifty-two week high of $17.70. The stock has a market cap of $5.95 billion, a P/E ratio of 15.18 and a beta of 0.99.
F.N.B. (NYSE:FNB - Get Free Report) last announced its earnings results on Thursday, October 17th. The bank reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). The firm had revenue of $413.02 million during the quarter, compared to analysts' expectations of $409.80 million. F.N.B. had a net margin of 16.29% and a return on equity of 8.49%. As a group, equities analysts expect that F.N.B. Co. will post 1.34 earnings per share for the current fiscal year.
F.N.B. Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Monday, December 2nd will be given a dividend of $0.12 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.48 annualized dividend and a yield of 2.90%. F.N.B.'s payout ratio is currently 44.04%.
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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