Petiole USA ltd Increases Holdings in F.N.B. Co. (NYSE:FNB)

Petiole USA ltd increased its stake in F.N.B. Co. (NYSE:FNB) by 48.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 175,421 shares of the bank’s stock after acquiring an additional 57,000 shares during the period. Petiole USA ltd’s holdings in F.N.B. were worth $2,475,000 at the end of the most recent quarter.

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

F.N.B. Price Performance

Shares of FNB stock opened at $17.29 on Tuesday. F.N.B. Co. has a twelve month low of $11.55 and a twelve month high of $17.70. 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 fifty day simple moving average of $14.87 and a two-hundred day simple moving average of $14.29. The stock has a market capitalization of $6.22 billion, a price-to-earnings ratio of 15.86 and a beta of 0.95.

F.N.B. (NYSE:FNB) last released its quarterly earnings data on Thursday, October 17th. The bank reported $0.34 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $413.02 million during the quarter, compared to the consensus estimate of $409.80 million. On average, analysts predict that F.N.B. Co. will post 1.34 EPS for the current fiscal year.

F.N.B. Dividend Announcement

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 2.78%. F.N.B.’s dividend payout ratio (DPR) is presently 44.04%.

Wall Street Analyst Weigh In

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

F.N.B. 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.