Creative Planning Has $807,000 Stock Holdings in F.N.B. Co. (NYSE:FNB)

Creative Planning raised its stake in shares of F.N.B. Co. (NYSE:FNB) by 2.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,974 shares of the bank’s stock after buying an additional 1,570 shares during the period. Creative Planning’s holdings in F.N.B. were worth $807,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Diversified Trust Co grew its stake in F.N.B. by 4.9% in the second quarter. Diversified Trust Co now owns 16,852 shares of the bank’s stock valued at $231,000 after purchasing an additional 789 shares in the last quarter. Miller Howard Investments Inc. NY lifted its holdings in shares of F.N.B. by 2.4% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 35,067 shares of the bank’s stock valued at $480,000 after buying an additional 836 shares during the last quarter. Bank of Montreal Can increased its holdings in F.N.B. by 2.2% in the second quarter. Bank of Montreal Can now owns 47,679 shares of the bank’s stock worth $653,000 after buying an additional 1,040 shares during the last quarter. Alaska Permanent Fund Corp increased its holdings in F.N.B. by 0.5% in the first quarter. Alaska Permanent Fund Corp now owns 195,731 shares of the bank’s stock worth $2,760,000 after buying an additional 1,050 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its position in F.N.B. by 1.6% during the first quarter. Los Angeles Capital Management LLC now owns 82,458 shares of the bank’s stock valued at $1,163,000 after acquiring an additional 1,304 shares in the last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on FNB shares. Piper Sandler raised their price target on shares of F.N.B. from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Stephens restated an “overweight” rating and set a $16.00 target price on shares of F.N.B. in a report on Thursday, July 18th. StockNews.com downgraded F.N.B. from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $16.00 price objective on shares of F.N.B. in a research note on Wednesday, June 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

F.N.B. Trading Up 2.9 %

F.N.B. stock opened at $14.31 on Friday. 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 quick ratio of 0.91 and a current ratio of 0.92. The firm has a market capitalization of $5.15 billion, a PE ratio of 12.03, a PEG ratio of 10.01 and a beta of 0.96. The business’s 50-day simple moving average is $14.07 and its 200-day simple moving average is $13.87.

F.N.B. (NYSE:FNB) last issued its quarterly earnings results on Wednesday, July 17th. The bank reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The business had revenue of $403.81 million for the quarter, compared to analyst estimates of $408.14 million. F.N.B. had a return on equity of 9.04% and a net margin of 18.27%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 earnings per share. Equities research analysts forecast that F.N.B. Co. will post 1.38 earnings per share for the current year.

F.N.B. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Shareholders 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 annualized dividend and a yield of 3.35%. F.N.B.’s dividend payout ratio is 40.34%.

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.