Fisher Asset Management LLC lifted its stake in F.N.B. Co. (NYSE:FNB - Free Report) by 67.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 97,581 shares of the bank's stock after buying an additional 39,436 shares during the period. Fisher Asset Management LLC's holdings in F.N.B. were worth $1,377,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also made changes to their positions in FNB. Dimensional Fund Advisors LP grew its stake in F.N.B. by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank's stock worth $303,361,000 after buying an additional 647,335 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of F.N.B. by 2.6% during the 3rd quarter. Principal Financial Group Inc. now owns 4,952,429 shares of the bank's stock worth $69,879,000 after acquiring an additional 127,516 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in F.N.B. by 2.8% in the third quarter. Thrivent Financial for Lutherans now owns 4,818,228 shares of the bank's stock valued at $67,986,000 after acquiring an additional 130,972 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in F.N.B. by 6.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,888,563 shares of the bank's stock valued at $54,868,000 after acquiring an additional 218,511 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in F.N.B. by 181.6% during the second quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank's stock valued at $41,045,000 after purchasing an additional 1,964,884 shares in the last quarter. 79.25% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on FNB. Piper Sandler reaffirmed an "overweight" rating on shares of F.N.B. in a report on Friday, October 18th. Stephens lifted their target price on F.N.B. from $16.00 to $18.00 and gave the company an "overweight" rating in a research report on Monday, October 21st. StockNews.com raised F.N.B. from a "sell" rating to a "hold" rating in a research note on Monday, October 21st. Finally, Raymond James raised their price target 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 assigned a buy rating to the stock. Based on data from MarketBeat, F.N.B. has an average rating of "Moderate Buy" and a consensus target price of $16.83.
Check Out Our Latest Analysis on F.N.B.
F.N.B. Trading Down 0.1 %
F.N.B. stock traded down $0.01 during trading hours on Friday, hitting $17.15. The stock had a trading volume of 1,306,979 shares, compared to its average volume of 2,223,989. The business's 50 day simple moving average is $15.10 and its 200-day simple moving average is $14.38. F.N.B. Co. has a one year low of $11.89 and a one year high of $17.70. The stock 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. (NYSE:FNB - Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The bank reported $0.34 earnings per share (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 the consensus estimate of $409.80 million. On average, equities analysts predict 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 issued a dividend of $0.12 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.80%. F.N.B.'s dividend payout ratio (DPR) is presently 44.04%.
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.
Featured Stories
Before you consider F.N.B., you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and F.N.B. wasn't on the list.
While F.N.B. currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
