Chartwell Investment Partners LLC Has $9.82 Million Holdings in F.N.B. Co. (NYSE:FNB)

Chartwell Investment Partners LLC lessened its stake in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 9.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 696,130 shares of the bank's stock after selling 73,765 shares during the quarter. Chartwell Investment Partners LLC owned about 0.19% of F.N.B. worth $9,823,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Kathleen S. Wright Associates Inc. acquired a new stake in F.N.B. during the 3rd quarter worth approximately $28,000. Richardson Financial Services Inc. raised its holdings in F.N.B. by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank's stock valued at $41,000 after acquiring an additional 1,473 shares in the last quarter. LRI Investments LLC acquired a new position in shares of F.N.B. in the 1st quarter worth approximately $45,000. GAMMA Investing LLC raised its holdings in shares of F.N.B. by 113.8% during 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. lifted 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 buying an additional 1,665 shares during the last quarter. Institutional investors and hedge funds own 79.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on FNB shares. Piper Sandler reiterated an "overweight" rating on shares of F.N.B. in a report on Friday, October 18th. Stephens lifted their price objective on F.N.B. from $16.00 to $18.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. Finally, StockNews.com upgraded shares of F.N.B. from a "sell" rating to a "hold" rating in a research report on Monday, October 21st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, F.N.B. currently has a consensus rating of "Moderate Buy" and an average target price of $16.33.

F.N.B. Stock Performance

FNB traded up $0.58 during trading hours on Monday, reaching $16.72. The company's stock had a trading volume of 960,650 shares, compared to its average volume of 2,230,396. F.N.B. Co. has a 52 week low of $11.01 and a 52 week high of $16.84. The firm has a market cap of $6.01 billion, a PE ratio of 14.81 and a beta of 0.95. The company's 50-day moving average is $14.33 and its 200-day moving average is $14.06. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 0.93.

F.N.B. (NYSE:FNB - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company had revenue of $413.02 million during the quarter, compared to the consensus estimate of $409.80 million. F.N.B. had a net margin of 16.29% and a return on equity of 8.49%. On average, equities analysts forecast that F.N.B. Co. will post 1.34 EPS for the current year.

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.