Petiole USA ltd Has $2.48 Million Stock Position in F.N.B. Co. (NYSE:FNB)

Petiole USA ltd raised its position in shares of F.N.B. Co. (NYSE:FNB) by 48.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 175,421 shares of the bank’s stock after purchasing an additional 57,000 shares during the quarter. Petiole USA ltd’s holdings in F.N.B. were worth $2,475,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in shares of F.N.B. in the 3rd quarter valued at about $31,000. Quantbot Technologies LP purchased a new position in F.N.B. in the third quarter valued at about $1,237,000. Hancock Whitney Corp raised its stake in F.N.B. by 0.8% in the 3rd quarter. Hancock Whitney Corp now owns 121,945 shares of the bank’s stock valued at $1,721,000 after acquiring an additional 947 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of F.N.B. by 67.8% in the third quarter. Fisher Asset Management LLC now owns 97,581 shares of the bank’s stock worth $1,377,000 after acquiring an additional 39,436 shares during the period. Finally, Cerity Partners LLC lifted its stake in F.N.B. by 120.3% in the 3rd quarter. Cerity Partners LLC now owns 56,632 shares of the bank’s stock worth $799,000 after purchasing an additional 30,920 shares in the last quarter. Institutional investors own 79.25% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on FNB shares. Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a research note on Friday, October 18th. Raymond James upped their target price on shares of F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. StockNews.com upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Finally, Stephens upped their price target on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $16.83.

F.N.B. Price Performance

NYSE FNB opened at $17.29 on Tuesday. The company’s 50 day moving average is $14.87 and its two-hundred day moving average is $14.29. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. The stock has a market cap of $6.22 billion, a price-to-earnings ratio of 15.86 and a beta of 0.95. F.N.B. Co. has a 12 month low of $11.55 and a 12 month high of $17.70.

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

F.N.B. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.78%. F.N.B.’s dividend payout ratio is currently 44.04%.

About F.N.B.

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.