F.N.B. Co. (NYSE:FNB) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its stake in shares of F.N.B. Co. (NYSE:FNB) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 309,805 shares of the bank’s stock after selling 4,574 shares during the period. The Manufacturers Life Insurance Company owned 0.09% of F.N.B. worth $4,238,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of FNB. AQR Capital Management LLC grew its holdings in shares of F.N.B. by 181.6% during the 2nd quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank’s stock worth $41,045,000 after purchasing an additional 1,964,884 shares during the period. Dimensional Fund Advisors LP increased its position in shares of F.N.B. by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank’s stock worth $303,361,000 after acquiring an additional 647,335 shares in the last quarter. Choreo LLC purchased a new position in shares of F.N.B. in the 2nd quarter valued at $2,802,000. Vanguard Group Inc. lifted its holdings in shares of F.N.B. by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 39,346,808 shares of the bank’s stock valued at $541,806,000 after acquiring an additional 156,120 shares in the last quarter. Finally, Stieven Capital Advisors L.P. boosted its position in F.N.B. by 8.8% during the 2nd quarter. Stieven Capital Advisors L.P. now owns 1,173,891 shares of the bank’s stock worth $16,059,000 after purchasing an additional 95,100 shares during the period. Hedge funds and other institutional investors own 79.25% of the company’s stock.

F.N.B. Price Performance

Shares of FNB stock opened at $13.79 on Tuesday. The firm has a fifty day moving average of $14.15 and a two-hundred day moving average of $13.87. The firm has a market cap of $4.96 billion, a P/E ratio of 11.12, a P/E/G ratio of 10.27 and a beta of 0.96. F.N.B. Co. has a 1-year low of $10.24 and a 1-year 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.

F.N.B. (NYSE:FNB) last announced 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 net margin of 18.27% and a return on equity of 9.04%. The firm had revenue of $403.81 million during the quarter, compared to the consensus estimate of $408.14 million. During the same period in the prior year, the firm earned $0.39 earnings per share. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. As a group, research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Sunday, September 15th. Investors of record on Thursday, September 5th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.48%. The ex-dividend date was Thursday, September 5th. F.N.B.’s dividend payout ratio (DPR) is presently 38.71%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Piper Sandler upped their target price on F.N.B. from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Stephens reaffirmed an “overweight” rating and issued a $16.00 price objective on shares of F.N.B. in a research report on Thursday, July 18th. StockNews.com cut shares of F.N.B. from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $16.00 price target on shares of F.N.B. in a report 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 stock. Based on data from MarketBeat, the stock currently has an average 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.