F.N.B. Corporation $FNB Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC decreased its position in shares of F.N.B. Corporation (NYSE:FNB) by 9.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,232 shares of the bank’s stock after selling 1,696 shares during the quarter. Farther Finance Advisors LLC’s holdings in F.N.B. were worth $237,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of FNB. OneDigital Investment Advisors LLC lifted its position in F.N.B. by 19.5% in the first quarter. OneDigital Investment Advisors LLC now owns 18,938 shares of the bank’s stock valued at $255,000 after buying an additional 3,086 shares during the last quarter. Deutsche Bank AG lifted its position in F.N.B. by 332.9% in the first quarter. Deutsche Bank AG now owns 93,174 shares of the bank’s stock valued at $1,253,000 after buying an additional 71,650 shares during the last quarter. Teacher Retirement System of Texas lifted its position in F.N.B. by 4.8% in the first quarter. Teacher Retirement System of Texas now owns 88,338 shares of the bank’s stock valued at $1,188,000 after buying an additional 4,078 shares during the last quarter. GSA Capital Partners LLP lifted its position in F.N.B. by 159.3% in the first quarter. GSA Capital Partners LLP now owns 83,041 shares of the bank’s stock valued at $1,117,000 after buying an additional 51,011 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in F.N.B. by 7.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 42,438 shares of the bank’s stock valued at $571,000 after buying an additional 2,983 shares during the last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.

F.N.B. Stock Up 0.2%

FNB stock opened at $16.11 on Wednesday. The company’s 50 day moving average price is $15.98 and its 200 day moving average price is $14.61. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.93 and a current ratio of 0.93. F.N.B. Corporation has a fifty-two week low of $10.88 and a fifty-two week high of $17.70. The firm has a market capitalization of $5.79 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 0.91 and a beta of 0.97.

F.N.B. (NYSE:FNB) last released its earnings results on Thursday, July 17th. The bank reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. F.N.B. had a net margin of 17.88% and a return on equity of 7.94%. The firm had revenue of $438.21 million for the quarter, compared to analyst estimates of $424.39 million. During the same period in the prior year, the firm earned $0.34 earnings per share. On average, equities research analysts anticipate that F.N.B. Corporation will post 1.45 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were 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 was Tuesday, September 2nd. F.N.B.’s dividend payout ratio is presently 37.50%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on FNB shares. Truist Financial upped their target price on shares of F.N.B. from $17.50 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. DA Davidson upped their target price on shares of F.N.B. from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Wall Street Zen raised shares of F.N.B. from a “sell” rating to a “hold” rating in a research report on Sunday, July 13th. Wells Fargo & Company upped their target price on shares of F.N.B. from $18.00 to $20.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $18.50 target price (up previously from $16.50) on shares of F.N.B. in a research report on Monday, July 21st. Seven equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, F.N.B. has an average rating of “Buy” and a consensus price target of $18.64.

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.