StockNews.com upgraded shares of F.N.B. (NYSE:FNB – Free Report) from a sell rating to a hold rating in a report released on Monday morning.
A number of other equities analysts have also recently issued reports on FNB. Keefe, Bruyette & Woods restated a “market perform” rating and set a $16.00 target price on shares of F.N.B. in a report on Wednesday, June 26th. Stephens lifted their price objective on shares of F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Piper Sandler restated an “overweight” rating on shares of F.N.B. in a report on Friday, October 18th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, F.N.B. has an average rating of “Moderate Buy” and an average target price of $16.33.
View Our Latest Stock Analysis on FNB
F.N.B. Stock Performance
F.N.B. Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Investors 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 3.31%. F.N.B.’s dividend payout ratio is presently 38.71%.
Institutional Trading of F.N.B.
Several hedge funds have recently bought and sold shares of FNB. Kathleen S. Wright Associates Inc. acquired a new position in shares of F.N.B. in the third quarter valued at approximately $28,000. LRI Investments LLC acquired a new position in F.N.B. in the 1st quarter worth $45,000. GAMMA Investing LLC increased its holdings in F.N.B. by 113.8% during the 2nd quarter. GAMMA Investing LLC now owns 3,314 shares of the bank’s stock worth $45,000 after purchasing an additional 1,764 shares in the last quarter. UMB Bank n.a. raised its stake in shares of F.N.B. by 82.3% in 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 period. Finally, Signaturefd LLC lifted its holdings in shares of F.N.B. by 16.7% in the third quarter. Signaturefd LLC now owns 5,592 shares of the bank’s stock valued at $79,000 after purchasing an additional 799 shares in the last quarter. 79.25% of the stock is currently owned by institutional investors and hedge funds.
F.N.B. Company 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.
See Also
- Five stocks we like better than F.N.B.
- What is the Australian Securities Exchange (ASX)
- Chinese Stocks Cool Off: Time to Buy the Dip in These 2 Stocks?
- What is a Death Cross in Stocks?
- Goldman Sachs Highlights 3 Top Short Squeeze Stocks to Watch
- What are earnings reports?
- Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?
Receive News & Ratings for F.N.B. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F.N.B. and related companies with MarketBeat.com's FREE daily email newsletter.