Franklin Resources Inc. Has $3.80 Million Holdings in F.N.B. Co. (NYSE:FNB)

Franklin Resources Inc. trimmed its position in shares of F.N.B. Co. (NYSE:FNB) by 2.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 265,452 shares of the bank’s stock after selling 6,415 shares during the quarter. Franklin Resources Inc. owned approximately 0.07% of F.N.B. worth $3,796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in FNB. Miller Howard Investments Inc. NY lifted its stake in F.N.B. by 2.4% in the second quarter. Miller Howard Investments Inc. NY now owns 35,067 shares of the bank’s stock valued at $480,000 after acquiring an additional 836 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of F.N.B. by 6.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 84,866 shares of the bank’s stock valued at $1,161,000 after purchasing an additional 5,384 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its holdings in F.N.B. by 2.9% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 1,461,258 shares of the bank’s stock worth $19,990,000 after purchasing an additional 41,610 shares in the last quarter. Commonwealth Equity Services LLC increased its position in F.N.B. by 11.6% during the second quarter. Commonwealth Equity Services LLC now owns 61,751 shares of the bank’s stock worth $845,000 after buying an additional 6,412 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of F.N.B. by 6,158.1% in the second quarter. Farther Finance Advisors LLC now owns 17,022 shares of the bank’s stock worth $233,000 after buying an additional 16,750 shares during the last quarter. Institutional investors own 79.25% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on FNB shares. Wells Fargo & Company boosted their target price on F.N.B. from $16.00 to $19.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Stephens upped their price objective on shares of F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Raymond James lifted their target price on shares of F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Piper Sandler restated an “overweight” rating on shares of F.N.B. in a report on Friday, October 18th. Finally, StockNews.com raised F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.67.

Insider Activity

In related news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $16.50, for a total transaction of $2,062,500.00. Following the completion of the transaction, the chief executive officer now owns 1,652,229 shares in the company, valued at $27,261,778.50. This trade represents a 7.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.22% of the stock is owned by company insiders.

F.N.B. Stock Up 1.2 %

NYSE FNB opened at $14.94 on Wednesday. F.N.B. Co. has a twelve month low of $12.49 and a twelve month high of $17.70. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 0.93. The stock has a market cap of $5.37 billion, a PE ratio of 13.71 and a beta of 0.99. The firm has a 50-day simple moving average of $15.74 and a 200 day simple moving average of $14.63.

F.N.B. (NYSE:FNB) last released 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). The firm had revenue of $413.02 million for the quarter, compared to the consensus estimate of $409.80 million. F.N.B. had a net margin of 16.29% and a return on equity of 8.49%. On average, research analysts forecast that F.N.B. Co. will post 1.34 EPS for the current year.

F.N.B. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend was Monday, December 2nd. F.N.B.’s payout ratio is 44.04%.

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.