Schneider Downs Wealth Management Advisors LP Makes New Investment in F.N.B. Co. (NYSE:FNB)

Schneider Downs Wealth Management Advisors LP purchased a new stake in F.N.B. Co. (NYSE:FNB) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 17,772 shares of the bank’s stock, valued at approximately $251,000.

Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in F.N.B. by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank’s stock valued at $303,361,000 after purchasing an additional 647,335 shares during the period. Principal Financial Group Inc. raised its stake in F.N.B. by 2.6% in the 3rd quarter. Principal Financial Group Inc. now owns 4,952,429 shares of the bank’s stock worth $69,879,000 after purchasing an additional 127,516 shares in the last quarter. AQR Capital Management LLC boosted its holdings in F.N.B. by 181.6% in the 2nd 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 during the period. Fort Washington Investment Advisors Inc. OH grew its position in shares of F.N.B. by 2.9% during the 2nd 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. Finally, Sei Investments Co. boosted its stake in shares of F.N.B. by 1.8% in the second quarter. Sei Investments Co. now owns 1,365,518 shares of the bank’s stock valued at $18,680,000 after buying an additional 24,474 shares during the period. 79.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FNB has been the subject of several analyst reports. Stephens lifted their price objective on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Piper Sandler reiterated an “overweight” rating on shares of F.N.B. in a research note on Friday, October 18th. Finally, StockNews.com upgraded shares of 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 given a buy rating to the stock. According to data from MarketBeat.com, F.N.B. currently has an average rating of “Moderate Buy” and a consensus price target of $16.33.

F.N.B. Trading Up 0.2 %

Shares of F.N.B. stock opened at $16.53 on Friday. The firm’s 50 day moving average is $14.54 and its 200 day moving average is $14.17. The firm has a market capitalization of $5.94 billion, a PE ratio of 15.17 and a beta of 0.95. F.N.B. Co. has a 1 year low of $11.55 and a 1 year high of $16.97. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40.

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

F.N.B. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend is 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.