Stieven Capital Advisors L.P. Sells 411,200 Shares of F.N.B. Co. (NYSE:FNB)

Stieven Capital Advisors L.P. trimmed its holdings in F.N.B. Co. (NYSE:FNB - Free Report) by 35.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 762,691 shares of the bank's stock after selling 411,200 shares during the period. F.N.B. accounts for 2.0% of Stieven Capital Advisors L.P.'s holdings, making the stock its 19th largest position. Stieven Capital Advisors L.P. owned 0.21% of F.N.B. worth $10,762,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in FNB. Dimensional Fund Advisors LP increased its holdings in F.N.B. by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank's stock valued at $303,361,000 after buying an additional 647,335 shares during the period. Principal Financial Group Inc. increased its stake in F.N.B. by 2.6% in the third quarter. Principal Financial Group Inc. now owns 4,952,429 shares of the bank's stock valued at $69,879,000 after acquiring an additional 127,516 shares during the last quarter. Thrivent Financial for Lutherans raised 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 purchasing an additional 130,972 shares in the last quarter. AQR Capital Management LLC lifted its stake in F.N.B. by 181.6% during the second quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank's stock worth $41,045,000 after purchasing an additional 1,964,884 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of F.N.B. by 2.9% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,461,258 shares of the bank's stock valued at $19,990,000 after purchasing an additional 41,610 shares in the last quarter. 79.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FNB. Stephens boosted their price target on F.N.B. from $16.00 to $18.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. Piper Sandler reiterated an "overweight" rating on shares of F.N.B. in a research report on Friday, October 18th. Finally, StockNews.com raised shares of F.N.B. from a "sell" rating to a "hold" rating in a report on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $16.33.

F.N.B. Price Performance

FNB traded up $0.04 on Friday, reaching $16.53. The stock had a trading volume of 2,574,916 shares, compared to its average volume of 2,703,135. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of 15.17 and a beta of 0.95. F.N.B. Co. has a fifty-two week low of $11.55 and a fifty-two week high of $16.97. The firm has a 50-day moving average of $14.54 and a 200-day moving average of $14.17.

F.N.B. (NYSE:FNB - Get Free Report) last released 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 firm had revenue of $413.02 million during the quarter, compared to analyst estimates of $409.80 million. As a group, sell-side analysts anticipate that F.N.B. Co. will post 1.34 EPS for the current year.

F.N.B. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Monday, December 2nd. F.N.B.'s payout ratio 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.