FMR LLC reduced its stake in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 10.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,604,943 shares of the bank's stock after selling 2,019,240 shares during the quarter. FMR LLC owned about 4.90% of F.N.B. worth $248,406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of FNB. Kathleen S. Wright Associates Inc. bought a new stake in shares of F.N.B. in the 3rd quarter valued at approximately $28,000. Richardson Financial Services Inc. lifted its position 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 buying an additional 1,473 shares during the last quarter. GAMMA Investing LLC grew 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 worth $45,000 after buying 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 third quarter. UMB Bank n.a. now owns 3,687 shares of the bank's stock valued at $52,000 after acquiring an additional 1,665 shares in the last quarter. Finally, Signaturefd LLC grew its stake 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 buying an additional 799 shares during the last quarter. Institutional investors own 79.25% of the company's stock.
F.N.B. Price Performance
NYSE:FNB traded down $0.10 during trading hours on Monday, hitting $16.93. 499,120 shares of the stock were exchanged, compared to its average volume of 2,216,500. The company has a market cap of $6.09 billion, a P/E ratio of 15.63 and a beta of 0.95. The firm's fifty day moving average price is $15.10 and its 200 day moving average price is $14.38. F.N.B. Co. has a 52-week low of $12.28 and a 52-week high of $17.70. 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 quarterly earnings data 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 net margin of 16.29% and a return on equity of 8.49%. The firm had revenue of $413.02 million during the quarter, compared to analyst estimates of $409.80 million. As a group, equities research analysts anticipate that F.N.B. Co. will post 1.34 EPS for the current fiscal year.
F.N.B. Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Monday, December 2nd. F.N.B.'s dividend payout ratio is presently 44.04%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the stock. Raymond James lifted their price objective on shares of F.N.B. from $17.00 to $19.00 and gave the stock an "outperform" rating in a research note on Thursday, November 21st. StockNews.com raised shares of F.N.B. from a "sell" rating to a "hold" rating in a report on Monday, October 21st. Stephens upped their price target on shares of F.N.B. from $16.00 to $18.00 and gave the company an "overweight" rating in a report on Monday, October 21st. Finally, Piper Sandler reissued an "overweight" rating on shares of F.N.B. in a report on Friday, October 18th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $16.83.
View Our Latest Analysis on F.N.B.
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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