MQS Management LLC Takes Position in F.N.B. Co. (NYSE:FNB)

MQS Management LLC purchased a new stake in F.N.B. Co. (NYSE:FNB - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 31,044 shares of the bank's stock, valued at approximately $438,000.

Several other institutional investors have also recently added to or reduced their stakes in FNB. Kathleen S. Wright Associates Inc. acquired a new position in F.N.B. in the third quarter valued at approximately $28,000. Richardson Financial Services Inc. lifted its stake 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 buying an additional 1,473 shares during the period. LRI Investments LLC bought a new stake in shares of F.N.B. during the first quarter valued at approximately $45,000. GAMMA Investing LLC increased 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 valued at $45,000 after acquiring an additional 1,764 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of F.N.B. by 82.3% during 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. 79.25% of the stock is owned by institutional investors and hedge funds.

F.N.B. Stock Down 1.0 %

F.N.B. stock traded down $0.16 during trading on Thursday, hitting $16.49. 1,335,646 shares of the company were exchanged, compared to its average volume of 2,231,768. The business's 50 day moving average is $14.45 and its 200 day moving average is $14.13. F.N.B. Co. has a 52 week low of $11.55 and a 52 week high of $16.97. The company has a market capitalization of $5.93 billion, a P/E ratio of 15.28 and a beta of 0.95. 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 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 for the quarter, compared to the consensus estimate of $409.80 million. F.N.B. had a return on equity of 8.49% and a net margin of 16.29%. Analysts predict that F.N.B. Co. will post 1.34 earnings per share for the current year.

F.N.B. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd will be paid a $0.12 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 2.91%. F.N.B.'s dividend payout ratio (DPR) is presently 44.04%.

Analyst Ratings Changes

FNB has been the subject of several recent research reports. Piper Sandler restated an "overweight" rating on shares of F.N.B. in a report on Friday, October 18th. StockNews.com upgraded F.N.B. from a "sell" rating to a "hold" rating in a report on Monday, October 21st. Finally, Stephens boosted their price objective on F.N.B. from $16.00 to $18.00 and gave the company an "overweight" rating in a report on Monday, October 21st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $16.33.

F.N.B. Company 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.