GSA Capital Partners LLP Makes New $447,000 Investment in F.N.B. Co. (NYSE:FNB)

GSA Capital Partners LLP acquired a new position in shares of F.N.B. Co. (NYSE:FNB) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 31,677 shares of the bank’s stock, valued at approximately $447,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in shares of F.N.B. by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank’s stock worth $303,361,000 after buying an additional 647,335 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of F.N.B. by 2.6% in the 3rd quarter. Principal Financial Group Inc. now owns 4,952,429 shares of the bank’s stock worth $69,879,000 after buying an additional 127,516 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of F.N.B. by 181.6% in the 2nd quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank’s stock worth $41,045,000 after buying an additional 1,964,884 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of F.N.B. by 2.9% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,461,258 shares of the bank’s stock worth $19,990,000 after buying an additional 41,610 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in F.N.B. by 1.8% in the second quarter. Sei Investments Co. now owns 1,365,518 shares of the bank’s stock valued at $18,680,000 after purchasing an additional 24,474 shares during the last quarter. 79.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on FNB shares. Stephens upped their price objective on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Finally, Piper Sandler reiterated an “overweight” rating on shares of F.N.B. in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, F.N.B. presently has an average rating of “Moderate Buy” and an average target price of $16.33.

F.N.B. Trading Up 0.1 %

NYSE:FNB opened at $16.41 on Thursday. The company has a market cap of $5.90 billion, a P/E ratio of 15.06 and a beta of 0.95. The stock’s fifty day moving average price is $14.69 and its two-hundred day moving average price is $14.23. F.N.B. Co. has a 1 year low of $11.55 and a 1 year high of $16.97. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.92.

F.N.B. (NYSE:FNB) last posted its earnings results on Thursday, October 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company had revenue of $413.02 million for the quarter, compared to analysts’ expectations of $409.80 million. F.N.B. had a return on equity of 8.49% and a net margin of 16.29%. As a group, analysts expect that F.N.B. Co. will post 1.34 EPS for the current year.

F.N.B. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be issued a $0.12 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.48 annualized dividend and a dividend yield of 2.93%. F.N.B.’s payout ratio is currently 44.04%.

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.