F.N.B. Corporation $FNB Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH cut its holdings in F.N.B. Corporation (NYSE:FNB) by 13.3% in the third quarter, Holdings Channel reports. The institutional investor owned 1,531,789 shares of the bank’s stock after selling 234,965 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in F.N.B. were worth $26,362,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Wellington Management Group LLP lifted its position in shares of F.N.B. by 12.5% during the 2nd quarter. Wellington Management Group LLP now owns 1,318,016 shares of the bank’s stock valued at $25,148,000 after buying an additional 146,571 shares in the last quarter. Rhino Investment Partners Inc grew its stake in F.N.B. by 47.8% in the 1st quarter. Rhino Investment Partners Inc now owns 1,207,418 shares of the bank’s stock valued at $20,188,000 after acquiring an additional 390,526 shares during the period. HighTower Advisors LLC increased its holdings in F.N.B. by 0.3% in the 2nd quarter. HighTower Advisors LLC now owns 620,845 shares of the bank’s stock worth $11,846,000 after acquiring an additional 1,657 shares in the last quarter. Hsbc Holdings PLC increased its holdings in F.N.B. by 5.5% in the 2nd quarter. Hsbc Holdings PLC now owns 482,010 shares of the bank’s stock worth $9,233,000 after acquiring an additional 25,141 shares in the last quarter. Finally, Amundi raised its position in F.N.B. by 980.6% during the second quarter. Amundi now owns 382,193 shares of the bank’s stock worth $7,292,000 after acquiring an additional 346,824 shares during the period. 79.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a report on Monday, July 20th. Bank of America reiterated a “neutral” rating and issued a $19.00 target price (down from $20.00) on shares of F.N.B. in a research report on Monday, July 20th. Truist Financial cut their target price on shares of F.N.B. from $20.50 to $19.00 and set a “buy” rating for the company in a research note on Friday, October 9th. UBS Group started coverage on shares of F.N.B. in a research report on Monday, September 14th. They set a “neutral” rating and a $20.00 price target for the company. Finally, Wall Street Zen upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.33.

Insiders Place Their Bets

In other news, insider Bryant Mitchell David sold 4,055 shares of the company’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $19.25, for a total transaction of $78,058.75. Following the completion of the sale, the insider owned 144,283 shares of the company’s stock, valued at $2,777,447.75. This represents a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.50% of the company’s stock.

F.N.B. Stock Performance

Shares of NYSE:FNB opened at $17.18 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.92 and a quick ratio of 0.91. The business’s 50 day moving average price is $18.09 and its 200-day moving average price is $18.11. The firm has a market capitalization of $6.06 billion, a PE ratio of 10.22, a P/E/G ratio of 0.74 and a beta of 0.87. F.N.B. Corporation has a 1 year low of $14.45 and a 1 year high of $19.59.

F.N.B. (NYSE:FNB) last issued its quarterly earnings results on Friday, July 17th. The bank reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. F.N.B. had a return on equity of 9.10% and a net margin of 22.29%. The firm had revenue of $463.00 million during the quarter, compared to analysts’ expectations of $467.13 million. During the same period in the previous year, the business earned $0.36 earnings per share. As a group, equities research analysts expect that F.N.B. Corporation will post 1.70 earnings per share for the current fiscal year.

F.N.B. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a $0.13 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $0.52 dividend on an annualized basis and a yield of 3.0%. F.N.B.’s dividend payout ratio (DPR) is presently 30.95%.

F.N.B. Profile

F.N.B. Corporation (NYSE:FNB) is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, First National Bank, the company provides banking and related financial services to consumers, businesses, government entities and institutions.

FNB’s products and services include checking and savings accounts, consumer and residential lending, commercial loans, treasury management, electronic banking and credit-related services. The company also offers wealth management, trust and investment services, insurance solutions and capital markets services through specialized business units.

First National Bank traces its history to 1864, when it was established in Greenville, Pennsylvania.