Public Employees Retirement Association of Colorado Sells 1,938 Shares of F.N.B. Co. (NYSE:FNB)

Public Employees Retirement Association of Colorado lessened its stake in shares of F.N.B. Co. (NYSE:FNB) by 0.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,199,805 shares of the bank’s stock after selling 1,938 shares during the period. Public Employees Retirement Association of Colorado owned 0.33% of F.N.B. worth $16,413,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Vanguard Personalized Indexing Management LLC grew its stake in shares of F.N.B. by 17.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 30,463 shares of the bank’s stock valued at $417,000 after acquiring an additional 4,574 shares during the period. Dimensional Fund Advisors LP lifted its holdings in F.N.B. by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank’s stock valued at $303,361,000 after purchasing an additional 647,335 shares in the last quarter. GHP Investment Advisors Inc. boosted its position in shares of F.N.B. by 2.5% in the second quarter. GHP Investment Advisors Inc. now owns 95,079 shares of the bank’s stock worth $1,301,000 after purchasing an additional 2,279 shares during the period. Meeder Advisory Services Inc. purchased a new stake in shares of F.N.B. in the second quarter worth $162,000. Finally, Choreo LLC purchased a new stake in shares of F.N.B. in the second quarter worth $2,802,000. Institutional investors own 79.25% of the company’s stock.

F.N.B. Price Performance

NYSE:FNB opened at $14.31 on Friday. The business’s 50-day moving average is $14.41 and its 200 day moving average is $13.84. F.N.B. Co. has a 12 month low of $10.24 and a 12 month high of $15.65. The company has a market capitalization of $5.15 billion, a P/E ratio of 11.65, a P/E/G ratio of 9.98 and a beta of 0.97. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.33.

F.N.B. (NYSE:FNB) last issued its quarterly earnings data on Wednesday, July 17th. The bank reported $0.34 earnings per share (EPS) 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 firm had revenue of $403.81 million for the quarter, compared to analysts’ expectations of $408.14 million. During the same period last year, the company earned $0.39 earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis. On average, equities research analysts forecast that F.N.B. Co. will post 1.38 earnings per share for the current fiscal year.

F.N.B. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Thursday, September 5th were paid a $0.12 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.35%. F.N.B.’s payout ratio is currently 38.71%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on FNB shares. Piper Sandler upped their target price on shares of F.N.B. from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. StockNews.com raised F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, September 16th. Stephens reissued an “overweight” rating and set a $16.00 target price on shares of F.N.B. in a research note on Thursday, July 18th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $16.00 price target on shares of F.N.B. in a research note on Wednesday, June 26th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, F.N.B. currently has a consensus rating of “Moderate Buy” and an average price target of $15.29.

About F.N.B.

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.