F.N.B. Co. (NYSE:FNB) Shares Sold by Phocas Financial Corp.

Phocas Financial Corp. lowered its holdings in F.N.B. Co. (NYSE:FNB - Free Report) by 5.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 655,687 shares of the bank's stock after selling 40,560 shares during the quarter. Phocas Financial Corp. owned 0.18% of F.N.B. worth $9,252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. LMR Partners LLP purchased a new stake in F.N.B. during the third quarter valued at $329,000. Thrivent Financial for Lutherans increased its position in F.N.B. by 2.8% during the third quarter. Thrivent Financial for Lutherans now owns 4,818,228 shares of the bank's stock valued at $67,986,000 after acquiring an additional 130,972 shares during the last quarter. Schneider Downs Wealth Management Advisors LP purchased a new stake in F.N.B. during the third quarter valued at $251,000. Natixis Advisors LLC increased its position in F.N.B. by 4.0% during the third quarter. Natixis Advisors LLC now owns 66,705 shares of the bank's stock valued at $941,000 after acquiring an additional 2,591 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC purchased a new stake in F.N.B. during the third quarter valued at $326,000. Hedge funds and other institutional investors own 79.25% of the company's stock.

F.N.B. Stock Down 0.5 %

Shares of NYSE FNB traded down $0.09 during midday trading on Tuesday, hitting $16.38. 574,758 shares of the company's stock were exchanged, compared to its average volume of 2,224,427. 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. Co. has a twelve month low of $11.55 and a twelve month high of $16.97. The company has a market cap of $5.89 billion, a PE ratio of 15.06 and a beta of 0.95. The firm's fifty day simple moving average is $14.59 and its 200-day simple moving average is $14.19.

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

F.N.B. Dividend Announcement

The firm also recently disclosed 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. This represents a $0.48 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Monday, December 2nd. F.N.B.'s dividend payout ratio is presently 44.04%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FNB. StockNews.com raised F.N.B. from a "sell" rating to a "hold" rating in a research report on Monday, October 21st. Piper Sandler reaffirmed an "overweight" rating on shares of F.N.B. in a research report on Friday, October 18th. Finally, Stephens upped their price target on shares of 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 issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.33.

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.