F.N.B. Corporation $FNB Stock Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al cut its holdings in F.N.B. Corporation (NYSE:FNB) by 67.1% during the third quarter, Holdings Channel reports. The firm owned 23,500 shares of the bank’s stock after selling 48,000 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in F.N.B. were worth $404,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Wellington Management Group LLP grew its holdings in 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 raised its position in shares of F.N.B. by 47.8% during the first quarter. Rhino Investment Partners Inc now owns 1,207,418 shares of the bank’s stock valued at $20,188,000 after buying an additional 390,526 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of F.N.B. by 758.2% during the third quarter. Assenagon Asset Management S.A. now owns 922,134 shares of the bank’s stock valued at $15,870,000 after buying an additional 814,690 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of F.N.B. by 0.3% in the second quarter. HighTower Advisors LLC now owns 620,845 shares of the bank’s stock worth $11,846,000 after buying an additional 1,657 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in shares of F.N.B. by 5.5% in the second quarter. Hsbc Holdings PLC now owns 482,010 shares of the bank’s stock worth $9,233,000 after buying an additional 25,141 shares in the last quarter. 79.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on FNB shares. Raymond James Financial set a $20.00 target price on shares of F.N.B. in a research report on Wednesday, October 21st. Piper Sandler reiterated an “overweight” rating on shares of F.N.B. in a report on Monday, July 20th. Wells Fargo & Company decreased their price target on shares of F.N.B. from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 29th. UBS Group assumed coverage on shares of F.N.B. in a report on Monday, September 14th. They set a “neutral” rating and a $20.00 price objective for the company. Finally, Weiss Ratings restated a “buy (b)” rating on shares of F.N.B. in a research report on Friday, September 4th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.29.

Trending Headlines about F.N.B.

Here are the key news stories impacting F.N.B. this week:

• Positive Sentiment: Zacks raised its FY2026 EPS estimate to $1.70 from $1.69, and lifted estimates for Q2 2027, Q4 2027 and Q1 2028 by a penny each.
• Negative Sentiment: Zacks lowered estimates for Q1 2027, Q3 2027, Q2 2028 and Q3 2028. It also cut FY2027 slightly, to $1.88 from $1.89, and reduced FY2028 to $2.13 from $2.29—a larger downgrade that may signal weaker longer-term earnings expectations.

F.N.B. Stock Performance

NYSE FNB opened at $17.91 on Friday. The stock has a market capitalization of $6.28 billion, a PE ratio of 10.53, a P/E/G ratio of 0.84 and a beta of 0.89. The business has a 50 day simple moving average of $17.81 and a two-hundred day simple moving average of $17.91. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.91 and a quick ratio of 0.91. F.N.B. Corporation has a 1-year low of $15.21 and a 1-year high of $19.59.

F.N.B. (NYSE:FNB) last issued its quarterly earnings data on Tuesday, October 20th. The bank reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43. The business had revenue of $469.00 million for the quarter, compared to analysts’ expectations of $476.20 million. F.N.B. had a return on equity of 9.12% and a net margin of 22.46%. During the same period in the prior year, the firm earned $0.41 EPS. On average, research analysts predict that F.N.B. Corporation will post 1.69 EPS for the current fiscal year.

F.N.B. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be issued a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.9%. F.N.B.’s dividend payout ratio (DPR) is 30.59%.

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, lending and wealth management services to individuals, families, businesses and government entities.

FNB’s offerings include checking and savings accounts, certificates of deposit, residential and consumer loans, commercial real estate and business lending, treasury management and cash-management services.