XTX Topco Ltd acquired a new stake in F.N.B. Co. (NYSE:FNB - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 54,727 shares of the bank's stock, valued at approximately $772,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FNB. Kathleen S. Wright Associates Inc. purchased a new position in F.N.B. in the 3rd quarter valued at about $28,000. Brooklyn Investment Group acquired a new stake in F.N.B. in the 3rd quarter valued at about $31,000. Richardson Financial Services Inc. lifted its stake in F.N.B. by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank's stock worth $41,000 after purchasing an additional 1,473 shares in the last quarter. UMB Bank n.a. grew its position in shares of F.N.B. by 82.3% in the third quarter. UMB Bank n.a. now owns 3,687 shares of the bank's stock valued at $52,000 after purchasing an additional 1,665 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of F.N.B. in the third quarter valued at approximately $73,000. Hedge funds and other institutional investors own 79.25% of the company's stock.
Analyst Ratings Changes
Several brokerages have issued reports on FNB. Raymond James upped their target price on F.N.B. from $17.00 to $19.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. Stephens upped their price objective 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. StockNews.com upgraded shares of F.N.B. from a "sell" rating to a "hold" rating in a report on Monday, October 21st. Piper Sandler restated an "overweight" rating on shares of F.N.B. in a report on Friday, October 18th. Finally, Keefe, Bruyette & Woods upped their price objective on F.N.B. from $16.00 to $18.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, F.N.B. has a consensus rating of "Moderate Buy" and a consensus price target of $17.67.
View Our Latest Report on FNB
F.N.B. Trading Down 2.0 %
Shares of F.N.B. stock traded down $0.33 on Thursday, reaching $15.96. The company had a trading volume of 2,120,385 shares, compared to its average volume of 2,207,430. The firm's 50 day moving average price is $15.53 and its two-hundred day moving average price is $14.52. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 0.93. F.N.B. Co. has a 52-week low of $12.49 and a 52-week high of $17.70. The firm has a market cap of $5.74 billion, a PE ratio of 14.95 and a beta of 0.99.
F.N.B. (NYSE:FNB - Get Free Report) last posted its 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 firm 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%. Sell-side analysts predict that F.N.B. Co. will post 1.34 earnings per share for the current fiscal year.
F.N.B. Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.48 annualized dividend and a yield of 3.01%. F.N.B.'s dividend payout ratio (DPR) is 44.04%.
Insider Buying and Selling at F.N.B.
In other news, CEO Vincent J. Delie, Jr. sold 125,000 shares of F.N.B. stock in a transaction on Friday, December 6th. The shares were sold at an average price of $16.50, for a total transaction of $2,062,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,652,229 shares of the company's stock, valued at approximately $27,261,778.50. The trade was a 7.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.22% of the stock is owned by corporate insiders.
F.N.B. Company Profile
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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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