Kathleen S. Wright Associates Inc. Takes $28,000 Position in F.N.B. Co. (NYSE:FNB)

by · The Cerbat Gem

Kathleen S. Wright Associates Inc. acquired a new position in F.N.B. Co. (NYSE:FNB – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,955 shares of the bank’s stock, valued at approximately $28,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. LRI Investments LLC acquired a new position in shares of F.N.B. in the first quarter worth approximately $45,000. GAMMA Investing LLC increased its position in shares of F.N.B. by 113.8% during the second quarter. GAMMA Investing LLC now owns 3,314 shares of the bank’s stock worth $45,000 after buying an additional 1,764 shares during the period. UMB Bank n.a. lifted its holdings in F.N.B. by 82.3% in the third quarter. UMB Bank n.a. now owns 3,687 shares of the bank’s stock valued at $52,000 after buying an additional 1,665 shares during the period. Blue Trust Inc. boosted its position in F.N.B. by 19.7% during the second quarter. Blue Trust Inc. now owns 9,042 shares of the bank’s stock valued at $127,000 after acquiring an additional 1,486 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in F.N.B. during the 2nd quarter worth about $140,000. 79.25% of the stock is currently owned by institutional investors and hedge funds.

F.N.B. Stock Performance

Shares of FNB traded up $0.08 during trading hours on Monday, hitting $14.39. The company’s stock had a trading volume of 690,028 shares, compared to its average volume of 2,163,346. The business has a 50 day simple moving average of $14.07 and a two-hundred day simple moving average of $13.88. F.N.B. Co. has a 52-week low of $10.24 and a 52-week high of $15.65. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.91. The company has a market cap of $5.18 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 10.01 and a beta of 0.96.

F.N.B. (NYSE:FNB – Get Free Report) last posted its quarterly earnings data on Wednesday, July 17th. The bank reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01). F.N.B. had a return on equity of 9.04% and a net margin of 18.27%. The company had revenue of $403.81 million during the quarter, compared to the consensus estimate of $408.14 million. During the same quarter last year, the company posted $0.39 earnings per share. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities analysts expect that F.N.B. Co. will post 1.38 earnings per share for the current fiscal year.

F.N.B. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Investors of record on Thursday, September 5th were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a yield of 3.34%. F.N.B.’s payout ratio is 38.71%.

Analyst Ratings Changes

Several equities research analysts recently commented on FNB shares. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $16.00 target price on shares of F.N.B. in a research note on Wednesday, June 26th. Stephens reaffirmed an “overweight” rating and issued a $16.00 target price on shares of F.N.B. in a research report on Thursday, July 18th. StockNews.com downgraded F.N.B. from a “hold” rating to a “sell” rating in a report on Tuesday, October 8th. Finally, Piper Sandler increased their target price on F.N.B. from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.00.

Check Out Our Latest Analysis on FNB

About F.N.B.

(Free Report)

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.

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