F.N.B. Co. (NYSE:FNB) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers lessened its holdings in F.N.B. Co. (NYSE:FNB) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,325 shares of the bank’s stock after selling 1,764 shares during the period. Cetera Investment Advisers’ holdings in F.N.B. were worth $1,728,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Diversified Trust Co raised its stake in shares of F.N.B. by 4.9% during the 2nd quarter. Diversified Trust Co now owns 16,852 shares of the bank’s stock worth $231,000 after buying an additional 789 shares during the period. Miller Howard Investments Inc. NY raised its position in F.N.B. by 2.4% during the second quarter. Miller Howard Investments Inc. NY now owns 35,067 shares of the bank’s stock worth $480,000 after acquiring an additional 836 shares during the period. Bank of Montreal Can grew its position in shares of F.N.B. by 2.2% in the second quarter. Bank of Montreal Can now owns 47,679 shares of the bank’s stock valued at $653,000 after purchasing an additional 1,040 shares during the period. Alaska Permanent Fund Corp increased its stake in shares of F.N.B. by 0.5% during the first quarter. Alaska Permanent Fund Corp now owns 195,731 shares of the bank’s stock worth $2,760,000 after purchasing an additional 1,050 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its position in shares of F.N.B. by 1.6% during the 1st quarter. Los Angeles Capital Management LLC now owns 82,458 shares of the bank’s stock worth $1,163,000 after purchasing an additional 1,304 shares during the last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on FNB. StockNews.com lowered F.N.B. from a “hold” rating to a “sell” rating in a research note on Tuesday, October 8th. Piper Sandler boosted their price target on F.N.B. from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $16.00 price objective on shares of F.N.B. in a report on Wednesday, June 26th. Finally, Stephens reaffirmed an “overweight” rating and set a $16.00 target price on shares of F.N.B. in a report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

F.N.B. Stock Performance

NYSE FNB opened at $14.31 on Tuesday. 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 fifty-two week low of $10.24 and a fifty-two week high of $15.65. The stock’s fifty day moving average is $14.08 and its two-hundred day moving average is $13.88. The firm has a market capitalization of $5.15 billion, a P/E ratio of 11.54, a price-to-earnings-growth ratio of 10.01 and a beta of 0.96.

F.N.B. (NYSE:FNB) last issued its quarterly earnings data on Wednesday, July 17th. The bank reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01). The business had revenue of $403.81 million during the quarter, compared to analysts’ expectations of $408.14 million. F.N.B. had a return on equity of 9.04% and a net margin of 18.27%. The company’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.39 earnings per share. On average, research analysts anticipate that F.N.B. Co. will post 1.38 earnings per share for the current year.

F.N.B. Dividend Announcement

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

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.