F.N.B. Co. (NYSE:FNB) Shares Sold by Prudent Man Advisors LLC

Prudent Man Advisors LLC lessened its stake in F.N.B. Co. (NYSE:FNB) by 16.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 46,874 shares of the bank’s stock after selling 9,442 shares during the period. Prudent Man Advisors LLC’s holdings in F.N.B. were worth $661,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of F.N.B. in the 2nd quarter valued at $920,000. CWM LLC increased its stake in F.N.B. by 0.4% during the third quarter. CWM LLC now owns 379,995 shares of the bank’s stock worth $5,362,000 after purchasing an additional 1,527 shares during the period. Cetera Advisors LLC lifted its position in shares of F.N.B. by 253.4% during the first quarter. Cetera Advisors LLC now owns 92,986 shares of the bank’s stock worth $1,311,000 after purchasing an additional 66,676 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of F.N.B. by 48.2% in the first quarter. Cetera Investment Advisers now owns 128,089 shares of the bank’s stock valued at $1,806,000 after purchasing an additional 41,665 shares during the period. Finally, AQR Capital Management LLC grew its holdings in shares of F.N.B. by 181.6% in the second quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank’s stock valued at $41,045,000 after purchasing an additional 1,964,884 shares in the last quarter. Hedge funds and other institutional investors own 79.25% of the company’s stock.

F.N.B. Trading Up 0.2 %

NYSE:FNB opened at $16.53 on Monday. F.N.B. Co. has a 1 year low of $11.55 and a 1 year high of $16.97. The stock has a market cap of $5.94 billion, a P/E ratio of 15.17 and a beta of 0.95. 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 50-day simple moving average of $14.54 and a 200-day simple moving average of $14.17.

F.N.B. (NYSE:FNB) last announced 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). The company had revenue of $413.02 million during the quarter, compared to analysts’ expectations of $409.80 million. F.N.B. had a net margin of 16.29% and a return on equity of 8.49%. As a group, analysts anticipate that F.N.B. Co. will post 1.34 earnings per share for the current fiscal year.

F.N.B. Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently weighed in on FNB shares. Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a research report on Friday, October 18th. Stephens increased their price target on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, StockNews.com raised 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.33.

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.