F.N.B. Co. (NYSE:FNB) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC lifted its position in F.N.B. Co. (NYSE:FNB) by 4.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,705 shares of the bank’s stock after acquiring an additional 2,591 shares during the period. Natixis Advisors LLC’s holdings in F.N.B. were worth $941,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Diversified Trust Co increased its position in shares of F.N.B. by 4.9% in the 2nd quarter. Diversified Trust Co now owns 16,852 shares of the bank’s stock valued at $231,000 after acquiring an additional 789 shares during the period. Signaturefd LLC increased its position in shares of F.N.B. by 16.7% in the 3rd quarter. Signaturefd LLC now owns 5,592 shares of the bank’s stock valued at $79,000 after acquiring an additional 799 shares during the period. Miller Howard Investments Inc. NY increased its position in shares of F.N.B. by 2.4% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 35,067 shares of the bank’s stock valued at $480,000 after acquiring an additional 836 shares during the period. Bank of Montreal Can grew its position in F.N.B. by 2.2% during the 2nd quarter. Bank of Montreal Can now owns 47,679 shares of the bank’s stock worth $653,000 after purchasing an additional 1,040 shares during the period. Finally, Richardson Financial Services Inc. grew its position in F.N.B. by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock worth $41,000 after purchasing an additional 1,473 shares during the period. 79.25% of the stock is owned by institutional investors and hedge funds.

F.N.B. Price Performance

NYSE:FNB opened at $17.16 on Thursday. F.N.B. Co. has a 52 week low of $11.55 and a 52 week high of $17.70. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $6.17 billion, a PE ratio of 15.81 and a beta of 0.95. The stock’s 50-day moving average price is $14.94 and its 200-day moving average price is $14.32.

F.N.B. (NYSE:FNB) last posted its earnings results on Thursday, October 17th. The bank reported $0.34 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $413.02 million for the quarter, compared to analyst estimates of $409.80 million. As a group, equities analysts expect that F.N.B. Co. will post 1.34 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Monday, December 2nd. F.N.B.’s dividend payout ratio (DPR) is presently 44.04%.

Wall Street Analyst Weigh In

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

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.