F.N.B. Co. (NYSE:FNB) Stock Position Lessened by Captrust Financial Advisors

Captrust Financial Advisors reduced its stake in shares of F.N.B. Co. (NYSE:FNB) by 10.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,613 shares of the bank’s stock after selling 10,236 shares during the quarter. Captrust Financial Advisors’ holdings in F.N.B. were worth $1,194,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of FNB. AQR Capital Management LLC raised its position in shares of F.N.B. by 181.6% during the 2nd quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank’s stock worth $41,045,000 after buying an additional 1,964,884 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of F.N.B. by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank’s stock valued at $303,361,000 after acquiring an additional 647,335 shares during the period. Exchange Traded Concepts LLC bought a new stake in F.N.B. during the third quarter worth approximately $3,292,000. Charles Schwab Investment Management Inc. lifted its position in F.N.B. by 6.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,888,563 shares of the bank’s stock worth $54,868,000 after purchasing an additional 218,511 shares during the period. Finally, Choreo LLC bought a new position in F.N.B. during the 2nd quarter valued at $2,802,000. 79.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods boosted their price objective on F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Wells Fargo & Company lifted their price objective on shares of F.N.B. from $16.00 to $19.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Stephens increased their target price on shares of F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a report on Friday, October 18th. Finally, Raymond James raised their price objective on F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, F.N.B. has an average rating of “Moderate Buy” and an average price target of $17.67.

F.N.B. Price Performance

FNB opened at $16.55 on Monday. The firm has a market capitalization of $5.95 billion, a P/E ratio of 15.18 and a beta of 0.99. F.N.B. Co. has a 12-month low of $12.47 and a 12-month high of $17.70. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.40. The stock has a fifty day moving average of $15.38 and a 200-day moving average of $14.47.

F.N.B. (NYSE:FNB) last posted 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 net margin of 16.29% and a return on equity of 8.49%. The company had revenue of $413.02 million for the quarter, compared to analysts’ expectations of $409.80 million. Equities analysts forecast that F.N.B. Co. will post 1.34 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.90%. The ex-dividend date is Monday, December 2nd. F.N.B.’s dividend payout ratio is 44.04%.

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.