Blue Trust Inc. Buys 3,574 Shares of F.N.B. Co. (NYSE:FNB)

Blue Trust Inc. raised its stake in shares of F.N.B. Co. (NYSE:FNB) by 39.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 12,616 shares of the bank’s stock after purchasing an additional 3,574 shares during the period. Blue Trust Inc.’s holdings in F.N.B. were worth $173,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake 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 during the period. AQR Capital Management LLC boosted its stake in shares of F.N.B. by 181.6% in the second quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank’s stock worth $41,045,000 after acquiring an additional 1,964,884 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of F.N.B. by 2.9% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 1,461,258 shares of the bank’s stock worth $19,990,000 after acquiring an additional 41,610 shares during the period. Sei Investments Co. boosted its stake in shares of F.N.B. by 1.8% in the second quarter. Sei Investments Co. now owns 1,365,518 shares of the bank’s stock worth $18,680,000 after acquiring an additional 24,474 shares during the period. Finally, Stieven Capital Advisors L.P. boosted its stake in shares of F.N.B. by 8.8% in the second quarter. Stieven Capital Advisors L.P. now owns 1,173,891 shares of the bank’s stock worth $16,059,000 after acquiring an additional 95,100 shares during the period. Institutional investors own 79.25% of the company’s stock.

F.N.B. Price Performance

NYSE:FNB opened at $14.17 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $5.10 billion, a P/E ratio of 13.00, a P/E/G ratio of 10.58 and a beta of 0.96. F.N.B. Co. has a 12 month low of $10.40 and a 12 month high of $15.65. The business’s 50-day moving average is $14.23 and its 200 day moving average is $13.92.

F.N.B. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Investors of record on Thursday, September 5th were given 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 3.39%. F.N.B.’s dividend payout ratio is currently 44.04%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on FNB shares. Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a research note on Friday, October 18th. Stephens upped their price objective on F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, StockNews.com raised F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, F.N.B. has a consensus rating of “Moderate Buy” and a consensus price target of $16.33.

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.