Cwm LLC raised its position in shares of F.N.B. Co. (NYSE:FNB – Free Report) by 1.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,980 shares of the bank’s stock after purchasing an additional 1,205 shares during the quarter. Cwm LLC’s holdings in F.N.B. were worth $881,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Swiss National Bank grew its holdings in shares of F.N.B. by 1.6% during the 4th quarter. Swiss National Bank now owns 846,915 shares of the bank’s stock valued at $11,052,000 after acquiring an additional 13,500 shares in the last quarter. HBK Sorce Advisory LLC grew its holdings in shares of F.N.B. by 100.3% during the 4th quarter. HBK Sorce Advisory LLC now owns 62,216 shares of the bank’s stock valued at $812,000 after acquiring an additional 31,149 shares in the last quarter. Siena Capital Partners GP LLC grew its holdings in shares of F.N.B. by 373.3% during the 1st quarter. Siena Capital Partners GP LLC now owns 227,200 shares of the bank’s stock valued at $2,636,000 after acquiring an additional 179,200 shares in the last quarter. Hancock Whitney Corp purchased a new position in shares of F.N.B. during the 4th quarter valued at $1,996,000. Finally, Macquarie Group Ltd. grew its holdings in shares of F.N.B. by 7.2% during the 4th quarter. Macquarie Group Ltd. now owns 12,844,538 shares of the bank’s stock valued at $167,621,000 after acquiring an additional 861,137 shares in the last quarter. 76.78% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts have recently commented on the stock. DA Davidson boosted their price target on shares of F.N.B. from $16.00 to $17.00 in a report on Friday. StockNews.com began coverage on shares of F.N.B. in a report on Thursday, May 18th. They issued a “sell” rating for the company. Stephens reiterated an “overweight” rating and issued a $15.00 price objective on shares of F.N.B. in a report on Thursday. Keefe, Bruyette & Woods decreased their price objective on shares of F.N.B. from $16.00 to $14.00 and set a “market perform” rating for the company in a report on Thursday, April 6th. Finally, Raymond James decreased their price objective on shares of F.N.B. from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Thursday, April 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $15.67.
F.N.B. Stock Down 0.4 %
F.N.B. (NYSE:FNB – Get Free Report) last released its quarterly earnings results on Wednesday, July 19th. The bank reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. F.N.B. had a net margin of 28.28% and a return on equity of 10.52%. The company had revenue of $409.55 million during the quarter, compared to analysts’ expectations of $406.15 million. During the same period in the prior year, the company earned $0.31 earnings per share. The business’s quarterly revenue was up 21.9% compared to the same quarter last year. As a group, equities research analysts anticipate that F.N.B. Co. will post 1.5 EPS for the current year.
F.N.B. Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date is Friday, September 1st. F.N.B.’s dividend payout ratio (DPR) is 30.97%.
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.
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