F.N.B. Corporation $FNB Shares Sold by Rhino Investment Partners Inc

Rhino Investment Partners Inc lessened its stake in shares of F.N.B. Corporation (NYSE:FNB) by 39.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 906,571 shares of the bank’s stock after selling 593,321 shares during the period. F.N.B. accounts for 4.6% of Rhino Investment Partners Inc’s holdings, making the stock its 9th largest position. Rhino Investment Partners Inc’s holdings in F.N.B. were worth $14,605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in F.N.B. by 3,723.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the bank’s stock valued at $36,000 after acquiring an additional 2,420 shares during the period. Parallel Advisors LLC lifted its holdings in shares of F.N.B. by 18.9% during the third quarter. Parallel Advisors LLC now owns 4,522 shares of the bank’s stock valued at $73,000 after acquiring an additional 720 shares during the period. Rothschild Investment LLC boosted its stake in shares of F.N.B. by 65,030.0% in the 3rd quarter. Rothschild Investment LLC now owns 6,513 shares of the bank’s stock valued at $105,000 after purchasing an additional 6,503 shares in the last quarter. Citizens Financial Group Inc. RI acquired a new stake in shares of F.N.B. in the 3rd quarter valued at $167,000. Finally, Jones Financial Companies Lllp grew its holdings in shares of F.N.B. by 45.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 10,868 shares of the bank’s stock worth $176,000 after purchasing an additional 3,400 shares during the last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FNB. Truist Financial increased their target price on shares of F.N.B. from $19.00 to $19.50 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of F.N.B. in a research note on Monday, December 29th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $21.00 price objective (up from $20.00) on shares of F.N.B. in a report on Thursday, January 22nd. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, F.N.B. has a consensus rating of “Buy” and an average price target of $19.60.

F.N.B. Trading Down 1.4%

Shares of FNB opened at $15.85 on Friday. The stock’s fifty day simple moving average is $17.54 and its 200-day simple moving average is $16.79. The firm has a market capitalization of $5.66 billion, a PE ratio of 10.16, a price-to-earnings-growth ratio of 0.72 and a beta of 0.90. F.N.B. Corporation has a 12-month low of $10.88 and a 12-month high of $19.14. The company has a quick ratio of 0.90, a current ratio of 0.92 and a debt-to-equity ratio of 0.28.

F.N.B. (NYSE:FNB) last announced its quarterly earnings data on Wednesday, January 21st. The bank reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.09. The firm had revenue of $457.78 million during the quarter, compared to analyst estimates of $457.87 million. F.N.B. had a return on equity of 8.76% and a net margin of 20.98%.During the same period last year, the company earned $0.30 earnings per share. As a group, research analysts predict that F.N.B. Corporation will post 1.45 earnings per share for the current year.

F.N.B. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, March 2nd. F.N.B.’s payout ratio is 30.77%.

About F.N.B.

F.N.B. Corporation is a bank holding company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, FNB Bank, the company provides a broad range of commercial and consumer financial services. Founded in 1864 as the First National Bank of Pennsylvania, F.N.B. has grown through both organic expansion and strategic acquisitions to become a regional banking franchise.

The company’s main business activities include traditional deposit-taking and lending services, such as checking and savings accounts, mortgages, home equity lines of credit, and consumer and commercial loans.