Federated Hermes Inc. Has $5.22 Million Stock Holdings in F.N.B. Co. (NYSE:FNB)

Federated Hermes Inc. grew its stake in F.N.B. Co. (NYSE:FNB) by 31.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 378,727 shares of the bank’s stock after purchasing an additional 89,637 shares during the quarter. Federated Hermes Inc.’s holdings in F.N.B. were worth $5,215,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FNB. AE Wealth Management LLC bought a new position in F.N.B. during the third quarter worth about $203,000. HGK Asset Management Inc. grew its holdings in F.N.B. by 35.6% during the third quarter. HGK Asset Management Inc. now owns 41,814 shares of the bank’s stock valued at $451,000 after purchasing an additional 10,970 shares during the period. Accurate Wealth Management LLC increased its stake in F.N.B. by 6.3% in the third quarter. Accurate Wealth Management LLC now owns 36,811 shares of the bank’s stock valued at $415,000 after purchasing an additional 2,169 shares in the last quarter. Dakota Wealth Management raised its holdings in F.N.B. by 4.3% in the third quarter. Dakota Wealth Management now owns 32,691 shares of the bank’s stock worth $353,000 after purchasing an additional 1,356 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of F.N.B. by 8.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,933 shares of the bank’s stock worth $765,000 after purchasing an additional 5,621 shares in the last quarter. 79.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on FNB. StockNews.com cut shares of F.N.B. from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Raymond James raised their price target on F.N.B. from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Monday, January 22nd. Wells Fargo & Company boosted their price objective on F.N.B. from $14.00 to $16.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Stephens dropped their target price on shares of F.N.B. from $16.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. Finally, Bank of America initiated coverage on shares of F.N.B. in a report on Thursday, January 11th. They issued a “buy” rating and a $15.00 price target for the company. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat, F.N.B. has an average rating of “Moderate Buy” and a consensus price target of $15.00.

F.N.B. Stock Down 0.4 %

Shares of F.N.B. stock opened at $13.62 on Friday. The firm has a market cap of $4.89 billion, a PE ratio of 10.98, a P/E/G ratio of 9.60 and a beta of 1.02. The business’s 50 day simple moving average is $13.48 and its 200 day simple moving average is $12.82. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.91 and a current ratio of 0.92. F.N.B. Co. has a 52-week low of $10.09 and a 52-week high of $14.19.

F.N.B. (NYSE:FNB) last posted its quarterly earnings data on Thursday, April 18th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. F.N.B. had a net margin of 19.73% and a return on equity of 9.51%. The company had revenue of $406.87 million for the quarter, compared to the consensus estimate of $406.96 million. During the same period last year, the company earned $0.40 earnings per share. On average, analysts predict that F.N.B. Co. will post 1.42 earnings per share for the current fiscal year.

F.N.B. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Wednesday, March 6th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.52%. The ex-dividend date was Tuesday, March 5th. F.N.B.’s payout ratio is 38.71%.

Insider Activity at F.N.B.

In related news, Director William B. Campbell purchased 2,500 shares of F.N.B. stock in a transaction that occurred on Tuesday, April 23rd. The stock was purchased at an average cost of $13.48 per share, with a total value of $33,700.00. Following the completion of the transaction, the director now owns 149,458 shares of the company’s stock, valued at approximately $2,014,693.84. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have purchased 6,500 shares of company stock valued at $87,505. 1.03% of the stock is owned by insiders.

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.