GSA Capital Partners LLP Makes New Investment in F.N.B. Co. (NYSE:FNB)

GSA Capital Partners LLP bought a new position in shares of F.N.B. Co. (NYSE:FNB - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 31,677 shares of the bank's stock, valued at approximately $447,000.

Other hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. raised its holdings in shares of F.N.B. by 5.2% during the 1st quarter. Russell Investments Group Ltd. now owns 222,177 shares of the bank's stock worth $3,133,000 after acquiring an additional 11,073 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in F.N.B. by 51.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 15,758 shares of the bank's stock valued at $222,000 after purchasing an additional 5,362 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of F.N.B. by 2.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 274,278 shares of the bank's stock valued at $3,866,000 after buying an additional 5,522 shares during the period. LRI Investments LLC purchased a new stake in shares of F.N.B. during the 1st quarter valued at approximately $45,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in F.N.B. by 7.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 166,292 shares of the bank's stock valued at $2,345,000 after acquiring an additional 10,959 shares during the last quarter. 79.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on FNB. StockNews.com raised F.N.B. from a "sell" rating to a "hold" rating in a research note on Monday, October 21st. Stephens upped their target price on shares of F.N.B. from $16.00 to $18.00 and gave the company an "overweight" rating in a research report on Monday, October 21st. Finally, Piper Sandler reissued an "overweight" rating on shares of F.N.B. in a research note 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 an average target price of $16.33.

F.N.B. Stock Up 0.1 %

F.N.B. stock opened at $16.41 on Thursday. The firm has a market capitalization of $5.90 billion, a P/E ratio of 15.06 and a beta of 0.95. The stock's fifty day simple moving average is $14.69 and its 200-day simple moving average is $14.23. F.N.B. Co. has a twelve month low of $11.55 and a twelve month high of $16.97. 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 announced its quarterly earnings data 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). F.N.B. had a net margin of 16.29% and a return on equity of 8.49%. The company had revenue of $413.02 million during the quarter, compared to analysts' expectations of $409.80 million. As a group, equities analysts expect that F.N.B. Co. will post 1.34 earnings per share for the current fiscal year.

F.N.B. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.12 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.48 annualized dividend and a dividend yield of 2.93%. F.N.B.'s dividend payout ratio (DPR) is currently 44.04%.

F.N.B. Profile

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.