F.N.B. Co. (NYSE:FNB) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp decreased its position in F.N.B. Co. (NYSE:FNB) by 2.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,998 shares of the bank’s stock after selling 3,233 shares during the period. Hancock Whitney Corp’s holdings in F.N.B. were worth $1,655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sei Investments Co. raised its stake in shares of F.N.B. by 1.8% in the second quarter. Sei Investments Co. now owns 1,365,518 shares of the bank’s stock worth $18,680,000 after purchasing an additional 24,474 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in F.N.B. by 17.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 30,463 shares of the bank’s stock worth $417,000 after buying an additional 4,574 shares during the period. Dimensional Fund Advisors LP raised its position in F.N.B. by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank’s stock worth $303,361,000 after buying an additional 647,335 shares during the last quarter. GHP Investment Advisors Inc. lifted its stake in F.N.B. by 2.5% during the 2nd quarter. GHP Investment Advisors Inc. now owns 95,079 shares of the bank’s stock valued at $1,301,000 after acquiring an additional 2,279 shares during the period. Finally, Meeder Advisory Services Inc. purchased a new stake in shares of F.N.B. in the 2nd quarter valued at $162,000. Institutional investors and hedge funds own 79.25% of the company’s stock.

F.N.B. Price Performance

F.N.B. stock opened at $14.31 on Monday. The stock has a market capitalization of $5.15 billion, a P/E ratio of 11.54, a P/E/G ratio of 9.98 and a beta of 0.96. The company’s fifty day moving average price is $14.41 and its 200 day moving average price is $13.84. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 0.92. F.N.B. Co. has a 1 year low of $10.24 and a 1 year high of $15.65.

F.N.B. (NYSE:FNB) last announced its earnings results on Wednesday, July 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01). F.N.B. had a net margin of 18.27% and a return on equity of 9.04%. The company had revenue of $403.81 million during the quarter, compared to analyst estimates of $408.14 million. During the same quarter last year, the business earned $0.39 EPS. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, equities research analysts anticipate that F.N.B. Co. will post 1.38 earnings per share for the current fiscal year.

F.N.B. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Thursday, September 5th were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.48 annualized dividend and a dividend yield of 3.35%. F.N.B.’s dividend payout ratio (DPR) is presently 38.71%.

Wall Street Analysts Forecast Growth

FNB has been the subject of several recent research reports. Stephens reissued an “overweight” rating and set a $16.00 target price on shares of F.N.B. in a report on Thursday, July 18th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $16.00 price objective on shares of F.N.B. in a research note on Wednesday, June 26th. Piper Sandler boosted their price objective on F.N.B. from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Finally, StockNews.com raised F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, F.N.B. presently has an average rating of “Moderate Buy” and an average price target of $15.29.

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.