First National Trust Co Reduces Position in F.N.B. Co. (NYSE:FNB)

First National Trust Co lowered its position in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 6.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 765,181 shares of the bank's stock after selling 48,802 shares during the period. First National Trust Co owned 0.21% of F.N.B. worth $10,797,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. acquired a new stake in shares of F.N.B. during the third quarter worth $28,000. Richardson Financial Services Inc. raised 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 in the last quarter. LRI Investments LLC bought a new stake in shares of F.N.B. during the 1st quarter valued at $45,000. GAMMA Investing LLC increased its position in shares of F.N.B. by 113.8% in the second quarter. GAMMA Investing LLC now owns 3,314 shares of the bank's stock worth $45,000 after purchasing an additional 1,764 shares during the period. Finally, UMB Bank n.a. raised its stake in F.N.B. by 82.3% in 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 in the last quarter. 79.25% of the stock is currently owned by institutional investors.

F.N.B. Price Performance

FNB traded up $0.02 on Tuesday, reaching $16.79. The stock had a trading volume of 374,847 shares, compared to its average volume of 2,230,497. The firm has a 50-day moving average of $14.37 and a 200-day moving average of $14.09. F.N.B. Co. has a fifty-two week low of $11.01 and a fifty-two week high of $16.91. The company has a market capitalization of $6.04 billion, a price-to-earnings ratio of 15.39 and a beta of 0.95. 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. (NYSE:FNB - Get Free Report) last posted 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). 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 for the quarter, compared to analyst estimates of $409.80 million. As a group, sell-side analysts anticipate that F.N.B. Co. will post 1.34 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. StockNews.com raised shares of F.N.B. from a "sell" rating to a "hold" rating in a report on Monday, October 21st. Piper Sandler restated an "overweight" rating on shares of F.N.B. in a research note on Friday, October 18th. Finally, Stephens lifted 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. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.33.

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.