LPL Financial LLC boosted its holdings in shares of F.N.B. Co. (NYSE:FNB – Free Report) by 24.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,157 shares of the bank’s stock after buying an additional 13,634 shares during the quarter. LPL Financial LLC’s holdings in F.N.B. were worth $791,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. First Command Bank bought a new stake in shares of F.N.B. during the second quarter worth approximately $27,000. Assetmark Inc. bought a new stake in shares of F.N.B. during the first quarter worth approximately $41,000. State of Wyoming bought a new stake in shares of F.N.B. during the fourth quarter worth approximately $55,000. C M Bidwell & Associates Ltd. bought a new stake in shares of F.N.B. during the first quarter worth approximately $57,000. Finally, ICA Group Wealth Management LLC bought a new stake in shares of F.N.B. during the fourth quarter worth approximately $77,000. Institutional investors and hedge funds own 76.94% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on FNB. Jefferies Financial Group reduced their price objective on F.N.B. from $12.00 to $11.00 in a report on Tuesday, October 10th. Raymond James cut their price target on F.N.B. from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, October 23rd. Finally, StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $14.67.
F.N.B. Stock Down 0.6 %
NYSE FNB opened at $11.89 on Tuesday. The business has a fifty day moving average price of $11.00 and a two-hundred day moving average price of $11.45. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.91 and a quick ratio of 0.91. F.N.B. Co. has a fifty-two week low of $10.09 and a fifty-two week high of $14.68. The stock has a market capitalization of $4.27 billion, a PE ratio of 7.57 and a beta of 1.09.
F.N.B. (NYSE:FNB – Get Free Report) last released its earnings results on Thursday, October 19th. The bank reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.04. F.N.B. had a return on equity of 10.44% and a net margin of 26.43%. The firm had revenue of $408.10 million during the quarter, compared to analysts’ expectations of $402.76 million. During the same period in the prior year, the company earned $0.39 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. Equities analysts expect that F.N.B. Co. will post 1.55 earnings per share for the current fiscal year.
F.N.B. Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, December 5th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, December 4th. This represents a $0.48 annualized dividend and a dividend yield of 4.04%. F.N.B.’s dividend payout ratio (DPR) is presently 30.57%.
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.
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