Cornercap Investment Counsel Inc. trimmed its stake in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 72.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,606 shares of the bank's stock after selling 47,994 shares during the quarter. Cornercap Investment Counsel Inc.'s holdings in F.N.B. were worth $263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also bought and sold shares of the stock. BNP Paribas Financial Markets increased its holdings in F.N.B. by 25.2% during the 1st quarter. BNP Paribas Financial Markets now owns 36,509 shares of the bank's stock valued at $515,000 after purchasing an additional 7,344 shares during the period. Russell Investments Group Ltd. boosted its holdings in F.N.B. by 5.2% in the first quarter. Russell Investments Group Ltd. now owns 222,177 shares of the bank's stock valued at $3,133,000 after acquiring an additional 11,073 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in F.N.B. by 5.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 330,086 shares of the bank's stock valued at $4,654,000 after acquiring an additional 18,259 shares in the last quarter. Ontario Teachers Pension Plan Board purchased a new position in F.N.B. during the 1st quarter valued at $285,000. Finally, O Shaughnessy Asset Management LLC raised its holdings in F.N.B. by 51.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 15,758 shares of the bank's stock worth $222,000 after purchasing an additional 5,362 shares in the last quarter. 79.25% of the stock is owned by hedge funds and other institutional investors.
F.N.B. Stock Down 0.5 %
F.N.B. stock traded down $0.08 during mid-day trading on Tuesday, reaching $16.39. The stock had a trading volume of 1,196,854 shares, compared to its average volume of 2,227,910. F.N.B. Co. has a one year low of $11.55 and a one year high of $16.97. The company has a 50-day moving average price of $14.64 and a two-hundred day moving average price of $14.21. The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of 15.04 and a beta of 0.95. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.92.
F.N.B. (NYSE:FNB - Get Free Report) last posted its quarterly earnings results 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). F.N.B. had a return on equity of 8.49% and a net margin of 16.29%. The business had revenue of $413.02 million during the quarter, compared to analysts' expectations of $409.80 million. On average, 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 declared a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Monday, December 2nd. F.N.B.'s payout ratio is currently 44.04%.
Analysts Set New Price Targets
Several brokerages have recently issued reports on FNB. Stephens increased their target price on F.N.B. from $16.00 to $18.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. StockNews.com upgraded F.N.B. from a "sell" rating to a "hold" rating in a report on Monday, October 21st. Finally, Piper Sandler restated an "overweight" rating on shares of F.N.B. in a report on Friday, October 18th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $16.33.
Check Out Our Latest Stock Analysis on F.N.B.
F.N.B. Profile
(
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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