Petiole USA ltd raised its stake in F.N.B. Co. (NYSE:FNB - Free Report) by 48.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 175,421 shares of the bank's stock after buying an additional 57,000 shares during the period. Petiole USA ltd's holdings in F.N.B. were worth $2,475,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. acquired a new position in shares of F.N.B. in the 3rd quarter valued at about $28,000. Brooklyn Investment Group acquired a new position in shares of F.N.B. in the 3rd quarter valued at about $31,000. Richardson Financial Services Inc. lifted its stake in shares of F.N.B. by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank's stock valued at $41,000 after purchasing an additional 1,473 shares during the period. GAMMA Investing LLC lifted its stake in shares of F.N.B. by 113.8% in the 2nd quarter. GAMMA Investing LLC now owns 3,314 shares of the bank's stock valued at $45,000 after purchasing an additional 1,764 shares during the period. Finally, LRI Investments LLC acquired a new position in shares of F.N.B. in the 1st quarter valued at about $45,000. Institutional investors own 79.25% of the company's stock.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the company. Raymond James boosted their price objective on F.N.B. from $17.00 to $19.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. Stephens upped their price target on F.N.B. from $16.00 to $18.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. Piper Sandler reaffirmed an "overweight" rating on shares of F.N.B. in a research note on Friday, October 18th. Finally, StockNews.com raised F.N.B. from a "sell" rating to a "hold" rating in a research note 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, the company has an average rating of "Moderate Buy" and a consensus target price of $16.83.
Read Our Latest Research Report on F.N.B.
F.N.B. Stock Down 0.4 %
FNB traded down $0.06 during midday trading on Tuesday, reaching $17.23. 1,854,204 shares of the company were exchanged, compared to its average volume of 2,232,652. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 0.93. The company's fifty day moving average price is $14.87 and its 200 day moving average price is $14.29. The company has a market cap of $6.19 billion, a price-to-earnings ratio of 15.79 and a beta of 0.95. F.N.B. Co. has a one year low of $11.55 and a one year high of $17.70.
F.N.B. (NYSE:FNB - Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The bank reported $0.34 EPS for the quarter, missing analysts' consensus estimates 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%. As a group, analysts expect that F.N.B. Co. will post 1.34 EPS for the current year.
F.N.B. Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend is Monday, December 2nd. F.N.B.'s dividend payout ratio is presently 44.04%.
F.N.B. 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.
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