MQS Management LLC Acquires Shares of 31,044 F.N.B. Co. (NYSE:FNB)

MQS Management LLC purchased a new position in F.N.B. Co. (NYSE:FNB) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 31,044 shares of the bank’s stock, valued at approximately $438,000.

Several other institutional investors have also modified their holdings of the business. AQR Capital Management LLC grew its holdings in F.N.B. by 181.6% during the 2nd quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank’s stock worth $41,045,000 after acquiring an additional 1,964,884 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in F.N.B. by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank’s stock valued at $303,361,000 after buying an additional 647,335 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in F.N.B. during the third quarter valued at approximately $3,292,000. Choreo LLC bought a new position in F.N.B. during the 2nd quarter worth approximately $2,802,000. Finally, Assenagon Asset Management S.A. acquired a new position in shares of F.N.B. in the 3rd quarter worth approximately $2,223,000. Institutional investors and hedge funds own 79.25% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on FNB. Piper Sandler reissued an “overweight” rating on shares of F.N.B. in a research report on Friday, October 18th. StockNews.com raised shares of F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Finally, Stephens lifted their price target on shares of 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 issued a buy rating to the company. Based on data from MarketBeat.com, F.N.B. presently has an average rating of “Moderate Buy” and an average target price of $16.33.

F.N.B. Stock Down 0.3 %

FNB stock opened at $16.66 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.92. The firm has a market cap of $5.99 billion, a PE ratio of 15.28 and a beta of 0.95. F.N.B. Co. has a 12 month low of $11.51 and a 12 month high of $16.97. The firm has a 50 day simple moving average of $14.45 and a 200 day simple moving average of $14.13.

F.N.B. (NYSE:FNB) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 8.49% and a net margin of 16.29%. 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 business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Monday, December 2nd. F.N.B.’s dividend payout ratio (DPR) is 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.