F.N.B. Co. (NYSE:FNB) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in F.N.B. Co. (NYSE:FNB) by 60.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,302 shares of the bank’s stock after purchasing an additional 1,988 shares during the quarter. GAMMA Investing LLC’s holdings in F.N.B. were worth $75,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. LRI Investments LLC acquired a new stake in F.N.B. during the first quarter valued at approximately $45,000. Blue Trust Inc. lifted its stake in F.N.B. by 19.7% during the second quarter. Blue Trust Inc. now owns 9,042 shares of the bank’s stock worth $127,000 after purchasing an additional 1,486 shares during the last quarter. CIBC Asset Management Inc acquired a new position in F.N.B. in the second quarter worth $140,000. Fifth Third Wealth Advisors LLC bought a new stake in F.N.B. during the second quarter valued at $149,000. Finally, Toth Financial Advisory Corp acquired a new stake in shares of F.N.B. during the first quarter worth $150,000. Institutional investors own 79.25% of the company’s stock.

Analyst Ratings Changes

FNB has been the subject of a number of recent research reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $16.00 price objective on shares of F.N.B. in a research report on Wednesday, June 26th. Piper Sandler upped their target price on F.N.B. from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, July 19th. StockNews.com cut F.N.B. from a “hold” rating to a “sell” rating in a research report on Tuesday, October 8th. Finally, Stephens restated an “overweight” rating and set a $16.00 price objective on shares of F.N.B. in a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, F.N.B. currently has a consensus rating of “Moderate Buy” and an average target price of $16.00.

F.N.B. Stock Performance

FNB opened at $14.43 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.33. The business’s 50 day moving average is $14.10 and its 200-day moving average is $13.88. The stock has a market cap of $5.19 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 10.01 and a beta of 0.96. F.N.B. Co. has a twelve month low of $10.24 and a twelve month 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 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 business had revenue of $403.81 million for the quarter, compared to the consensus estimate of $408.14 million. During the same period in the previous year, the firm earned $0.39 EPS. The firm’s revenue was down 1.4% on a year-over-year basis. On average, analysts predict that F.N.B. Co. will post 1.38 earnings per share for the current year.

F.N.B. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Investors of record on Thursday, September 5th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend was Thursday, September 5th. F.N.B.’s payout ratio is currently 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.