Cerity Partners LLC Has $799,000 Position in F.N.B. Co. (NYSE:FNB)

Cerity Partners LLC boosted its holdings in shares of F.N.B. Co. (NYSE:FNB) by 120.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 56,632 shares of the bank’s stock after acquiring an additional 30,920 shares during the period. Cerity Partners LLC’s holdings in F.N.B. were worth $799,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its holdings in F.N.B. by 7.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 166,292 shares of the bank’s stock valued at $2,345,000 after purchasing an additional 10,959 shares during the last quarter. Cetera Investment Advisers raised its position in shares of F.N.B. by 48.2% in the 1st quarter. Cetera Investment Advisers now owns 128,089 shares of the bank’s stock valued at $1,806,000 after acquiring an additional 41,665 shares during the period. Cetera Advisors LLC boosted its stake in F.N.B. by 253.4% during the 1st quarter. Cetera Advisors LLC now owns 92,986 shares of the bank’s stock worth $1,311,000 after acquiring an additional 66,676 shares during the last quarter. GAMMA Investing LLC grew its holdings in F.N.B. by 113.8% during the second quarter. GAMMA Investing LLC now owns 3,314 shares of the bank’s stock valued at $45,000 after purchasing an additional 1,764 shares during the period. Finally, SG Americas Securities LLC bought a new stake in F.N.B. in the second quarter valued at approximately $920,000. Institutional investors own 79.25% of the company’s stock.

F.N.B. Stock Down 0.9 %

Shares of F.N.B. stock opened at $16.54 on Friday. The firm has a market cap of $5.95 billion, a PE ratio of 15.32 and a beta of 0.99. The business’s 50 day simple moving average is $15.27 and its 200 day simple moving average is $14.43. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 0.93. F.N.B. Co. has a 52-week low of $12.47 and a 52-week high of $17.70.

F.N.B. (NYSE:FNB) last announced its quarterly earnings data on Thursday, October 17th. The bank reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). F.N.B. had a return on equity of 8.49% and a net margin of 16.29%. The business had revenue of $413.02 million during the quarter, compared to the consensus estimate of $409.80 million. On average, analysts predict that F.N.B. Co. will post 1.34 earnings per share for the current fiscal year.

F.N.B. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.90%. F.N.B.’s dividend payout ratio is 44.04%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FNB. Wells Fargo & Company lifted their price target on shares of F.N.B. from $16.00 to $19.00 and gave the stock an “overweight” rating in a research report on Tuesday. Stephens boosted their target price 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 raised F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Piper Sandler reiterated an “overweight” rating on shares of F.N.B. in a research report on Friday, October 18th. Finally, Raymond James raised their target price on shares of F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, F.N.B. presently has a consensus rating of “Moderate Buy” and an average target price of $17.67.

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.