F.N.B. Co. (NYSE:FNB) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC increased its stake in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 120.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,632 shares of the bank's stock after purchasing an additional 30,920 shares during the quarter. Cerity Partners LLC's holdings in F.N.B. were worth $799,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. purchased a new position in F.N.B. during the 3rd quarter worth $28,000. Richardson Financial Services Inc. increased its holdings 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 valued at $41,000 after acquiring an additional 1,473 shares in the last quarter. GAMMA Investing LLC raised its position in shares of F.N.B. by 113.8% in the 2nd 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. UMB Bank n.a. boosted its stake in F.N.B. by 82.3% in the 3rd quarter. UMB Bank n.a. now owns 3,687 shares of the bank's stock worth $52,000 after purchasing an additional 1,665 shares in the last quarter. Finally, Signaturefd LLC grew its position in F.N.B. by 16.7% during the 3rd quarter. Signaturefd LLC now owns 5,592 shares of the bank's stock worth $79,000 after purchasing an additional 799 shares during the last quarter. Institutional investors own 79.25% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FNB. Piper Sandler reiterated an "overweight" rating on shares of F.N.B. in a research note on Friday, October 18th. Stephens boosted their price target on 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 raised their price objective on F.N.B. from $16.00 to $19.00 and gave the stock an "overweight" rating in a research note on Tuesday. Keefe, Bruyette & Woods upped their target price on F.N.B. from $16.00 to $18.00 and gave the company a "market perform" rating in a research report on Wednesday. Finally, Raymond James lifted 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. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $17.67.

F.N.B. Price Performance

Shares of F.N.B. stock traded up $0.01 on Friday, hitting $16.55. The company's stock had a trading volume of 1,701,150 shares, compared to its average volume of 2,202,537. The company has a market capitalization of $5.95 billion, a price-to-earnings ratio of 15.16 and a beta of 0.99. F.N.B. Co. has a 1 year low of $12.47 and a 1 year high of $17.70. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 0.93. The firm has a fifty day moving average price of $15.32 and a 200-day moving average price of $14.45.

F.N.B. (NYSE:FNB - Get Free Report) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $0.34 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 business had revenue of $413.02 million during the quarter, compared to analysts' expectations of $409.80 million. As a group, sell-side analysts anticipate 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 paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date is Monday, December 2nd. F.N.B.'s dividend payout ratio is presently 44.04%.

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.