MAI Capital Management Has $782,000 Stake in F.N.B. Co. (NYSE:FNB)

MAI Capital Management cut its position in F.N.B. Co. (NYSE:FNB) by 2.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,398 shares of the bank’s stock after selling 1,110 shares during the quarter. MAI Capital Management’s holdings in F.N.B. were worth $782,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in FNB. Kathleen S. Wright Associates Inc. acquired a new stake in F.N.B. in the third quarter valued at about $28,000. Richardson Financial Services Inc. lifted its holdings in shares of F.N.B. by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock worth $41,000 after acquiring an additional 1,473 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of F.N.B. in the 1st quarter valued at approximately $45,000. GAMMA Investing LLC grew its holdings in shares of F.N.B. by 113.8% during the 2nd quarter. GAMMA Investing LLC now owns 3,314 shares of the bank’s stock valued at $45,000 after purchasing an additional 1,764 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of F.N.B. by 82.3% during the 3rd 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 during the last quarter. Institutional investors own 79.25% of the company’s stock.

F.N.B. Stock Up 2.1 %

Shares of NYSE:FNB opened at $16.76 on Friday. The firm has a market cap of $6.03 billion, a P/E ratio of 15.38 and a beta of 0.95. F.N.B. Co. has a 12-month low of $11.55 and a 12-month high of $16.97. The business has a fifty day simple moving average of $14.75 and a 200 day simple moving average of $14.24. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.40.

F.N.B. (NYSE:FNB) last issued its quarterly earnings data on Thursday, October 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $413.02 million for the quarter, compared to the consensus estimate of $409.80 million. Analysts predict that F.N.B. Co. will post 1.34 earnings per share for the current year.

F.N.B. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Monday, December 2nd will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Monday, December 2nd. F.N.B.’s dividend payout ratio is presently 44.04%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FNB. Raymond James raised their target price on shares of F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a research report on Thursday. Stephens raised their price objective on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Piper Sandler restated an “overweight” rating on shares of F.N.B. in a research report on Friday, October 18th. Finally, StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.83.

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.