Thrivent Financial for Lutherans grew its stake in shares of F.N.B. Co. (NYSE:FNB - Free Report) by 2.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,818,228 shares of the bank's stock after buying an additional 130,972 shares during the period. Thrivent Financial for Lutherans owned 1.34% of F.N.B. worth $67,986,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of FNB. SG Americas Securities LLC purchased a new stake in shares of F.N.B. in the second quarter valued at $920,000. CWM LLC grew its position in shares of F.N.B. by 0.4% in the third quarter. CWM LLC now owns 379,995 shares of the bank's stock valued at $5,362,000 after purchasing an additional 1,527 shares during the period. Cetera Advisors LLC grew its position in shares of F.N.B. by 253.4% in the first quarter. Cetera Advisors LLC now owns 92,986 shares of the bank's stock valued at $1,311,000 after purchasing an additional 66,676 shares during the period. Cetera Investment Advisers grew its position in shares of F.N.B. by 48.2% in the first quarter. Cetera Investment Advisers now owns 128,089 shares of the bank's stock valued at $1,806,000 after purchasing an additional 41,665 shares during the period. Finally, AQR Capital Management LLC grew its position 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 valued at $41,045,000 after acquiring an additional 1,964,884 shares during the period. Hedge funds and other institutional investors own 79.25% of the company's stock.
F.N.B. Stock Down 0.2 %
Shares of FNB traded down $0.04 during midday trading on Monday, reaching $16.49. 1,919,818 shares of the company were exchanged, compared to its average volume of 2,231,908. The stock has a 50-day moving average price of $14.59 and a 200-day moving average price of $14.19. The company has a market cap of $5.93 billion, a price-to-earnings ratio of 15.13 and a beta of 0.95. F.N.B. Co. has a 1-year low of $11.55 and a 1-year high of $16.97. 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 released 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). F.N.B. had a return on equity of 8.49% and a net margin of 16.29%. The business had revenue of $413.02 million during the quarter, compared to analyst estimates of $409.80 million. Research analysts expect that F.N.B. Co. will post 1.34 earnings per share for the current year.
F.N.B. Dividend Announcement
The company 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 $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.91%. The ex-dividend date is Monday, December 2nd. F.N.B.'s dividend payout ratio is currently 44.04%.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports 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 reissued an "overweight" rating on shares of F.N.B. in a research report on Friday, October 18th. Finally, Stephens boosted their price target on 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 investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.33.
Get Our Latest Research Report on FNB
About F.N.B.
(
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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