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HighTower Advisors LLC Decreases Holdings in F.N.B. Co. (NYSE:FNB)

F.N.B. logo with Finance background

HighTower Advisors LLC lowered its position in F.N.B. Co. (NYSE:FNB - Free Report) by 5.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 678,049 shares of the bank's stock after selling 37,368 shares during the period. HighTower Advisors LLC owned about 0.19% of F.N.B. worth $9,562,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Centiva Capital LP bought a new position in F.N.B. in the 3rd quarter worth $1,177,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in F.N.B. in the 3rd quarter worth $284,000. Edgestream Partners L.P. purchased a new stake in F.N.B. in the 3rd quarter worth $1,092,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in F.N.B. by 1.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 883,005 shares of the bank's stock worth $12,459,000 after purchasing an additional 16,438 shares in the last quarter. Finally, Townsquare Capital LLC purchased a new stake in F.N.B. in the 3rd quarter worth $257,000. Institutional investors own 79.25% of the company's stock.

F.N.B. Price Performance

Shares of NYSE FNB traded down $0.34 during mid-day trading on Monday, hitting $16.21. 2,976,158 shares of the company's stock traded hands, compared to its average volume of 2,208,573. The company has a market capitalization of $5.83 billion, a P/E ratio of 14.87 and a beta of 0.99. F.N.B. Co. has a 1 year low of $12.49 and a 1 year high of $17.70. The company's 50-day moving average is $15.42 and its two-hundred day moving average is $14.49. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.92.

F.N.B. (NYSE:FNB - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). The firm had revenue of $413.02 million for 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 anticipate that F.N.B. Co. will post 1.34 EPS for the current fiscal year.

F.N.B. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Monday, December 2nd will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.48 annualized dividend and a yield of 2.96%. F.N.B.'s payout ratio is 44.04%.

Analyst Upgrades and Downgrades

FNB has been the topic of several research analyst reports. Wells Fargo & Company boosted their price target on shares of F.N.B. from $16.00 to $19.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 3rd. Piper Sandler reiterated an "overweight" rating on shares of F.N.B. in a research note on Friday, October 18th. Keefe, Bruyette & Woods boosted their price target on shares of F.N.B. from $16.00 to $18.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. 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 note on Thursday, November 21st. Finally, 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. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, F.N.B. currently has an average rating of "Moderate Buy" and a consensus price target of $17.67.

Read Our Latest Stock Analysis on FNB

Insider Activity at F.N.B.

In other F.N.B. news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the company's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $16.50, for a total value of $2,062,500.00. Following the transaction, the chief executive officer now directly owns 1,652,229 shares in the company, valued at $27,261,778.50. This represents a 7.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.22% of the stock is currently owned by insiders.

F.N.B. Company 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.

See Also

Institutional Ownership by Quarter for F.N.B. (NYSE:FNB)

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