Charles Schwab Investment Management Inc. Has $54.87 Million Stock Holdings in F.N.B. Co. (NYSE:FNB)

Charles Schwab Investment Management Inc. boosted its position in F.N.B. Co. (NYSE:FNB - Free Report) by 6.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,888,563 shares of the bank's stock after purchasing an additional 218,511 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.08% of F.N.B. worth $54,868,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FNB. Diversified Trust Co increased its stake in F.N.B. by 4.9% during the 2nd quarter. Diversified Trust Co now owns 16,852 shares of the bank's stock valued at $231,000 after buying an additional 789 shares during the period. Signaturefd LLC increased its position in shares of F.N.B. by 16.7% during the 3rd quarter. Signaturefd LLC now owns 5,592 shares of the bank's stock valued at $79,000 after purchasing an additional 799 shares during the period. Miller Howard Investments Inc. NY raised its stake in shares of F.N.B. by 2.4% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 35,067 shares of the bank's stock worth $480,000 after buying an additional 836 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of F.N.B. by 2.2% in the second quarter. Bank of Montreal Can now owns 47,679 shares of the bank's stock valued at $653,000 after buying an additional 1,040 shares during the period. Finally, Richardson Financial Services Inc. boosted its stake in 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 in the last quarter. 79.25% of the stock is owned by institutional investors and hedge funds.

F.N.B. Stock Down 0.1 %

Shares of F.N.B. stock traded down $0.01 during midday trading on Friday, hitting $17.15. The company's stock had a trading volume of 1,306,979 shares, compared to its average volume of 2,390,163. The firm has a market capitalization of $6.17 billion, a P/E ratio of 15.73 and a beta of 0.95. F.N.B. Co. has a 1-year low of $11.89 and a 1-year high of $17.70. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.40. The stock has a 50-day simple moving average of $15.10 and a 200-day simple moving average of $14.38.

F.N.B. (NYSE:FNB - Get Free Report) last issued its earnings results on Thursday, October 17th. The bank reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.02). The business had revenue of $413.02 million during the quarter, compared to analyst estimates of $409.80 million. F.N.B. had a net margin of 16.29% and a return on equity of 8.49%. As a group, sell-side analysts expect that F.N.B. Co. will post 1.34 earnings per share for the current year.

F.N.B. Announces Dividend

The business 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. This represents a $0.48 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Monday, December 2nd. F.N.B.'s dividend payout ratio is currently 44.04%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Raymond James boosted their price target on shares of F.N.B. from $17.00 to $19.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. Piper Sandler reissued an "overweight" rating on shares of F.N.B. in a research note on Friday, October 18th. Stephens lifted their price target on shares of F.N.B. from $16.00 to $18.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. Finally, StockNews.com upgraded F.N.B. from a "sell" rating to a "hold" rating in a research report on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $16.83.

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.