Signature Estate & Investment Advisors LLC Purchases New Position in F.N.B. Co. (NYSE:FNB)

Signature Estate & Investment Advisors LLC acquired a new position in shares of F.N.B. Co. (NYSE:FNB) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 23,101 shares of the bank’s stock, valued at approximately $326,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. bought a new stake in shares of F.N.B. in the third quarter worth $28,000. Richardson Financial Services Inc. grew its stake in F.N.B. by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock worth $41,000 after purchasing an additional 1,473 shares during the period. LRI Investments LLC bought a new stake in shares of F.N.B. in the 1st quarter valued at $45,000. GAMMA Investing LLC increased its stake in F.N.B. by 113.8% in the second quarter. GAMMA Investing LLC now owns 3,314 shares of the bank’s stock valued at $45,000 after purchasing an additional 1,764 shares in the last quarter. Finally, UMB Bank n.a. increased its position in 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 buying an additional 1,665 shares in the last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Stephens boosted their price target 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. StockNews.com raised F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Finally, Piper Sandler restated an “overweight” rating on shares of F.N.B. in a report on Friday, October 18th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, F.N.B. has an average rating of “Moderate Buy” and an average target price of $16.33.

F.N.B. Trading Up 0.2 %

Shares of FNB stock opened at $16.53 on Friday. The company’s fifty day simple moving average is $14.54 and its two-hundred day simple moving average is $14.17. The stock has a market capitalization of $5.94 billion, a price-to-earnings ratio of 15.17 and a beta of 0.95. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.92. F.N.B. Co. has a 1 year low of $11.55 and a 1 year high of $16.97.

F.N.B. (NYSE:FNB) last posted its earnings results on Thursday, October 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). The firm had revenue of $413.02 million during the quarter, compared to analysts’ expectations of $409.80 million. F.N.B. had a return on equity of 8.49% and a net margin of 16.29%. As a group, analysts anticipate that F.N.B. Co. will post 1.34 earnings per share for the current year.

F.N.B. Announces Dividend

The business 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 dividend of $0.12 per share. 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 payout ratio is presently 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.