F.N.B. Co. (NYSE:FNB) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its holdings in F.N.B. Co. (NYSE:FNB) by 19.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 54,280 shares of the bank’s stock after selling 12,939 shares during the quarter. SG Americas Securities LLC’s holdings in F.N.B. were worth $766,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. LRI Investments LLC acquired a new stake in shares of F.N.B. in the 1st quarter valued at approximately $45,000. GAMMA Investing LLC lifted its holdings in shares of F.N.B. by 113.8% in the 2nd quarter. GAMMA Investing LLC now owns 3,314 shares of the bank’s stock valued at $45,000 after buying an additional 1,764 shares during the period. Blue Trust Inc. lifted its holdings in shares of F.N.B. by 19.7% in the 2nd quarter. Blue Trust Inc. now owns 9,042 shares of the bank’s stock valued at $127,000 after buying an additional 1,486 shares during the period. Hart & Patterson Financial Group LLC acquired a new stake in shares of F.N.B. in the 4th quarter valued at approximately $140,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of F.N.B. in the 2nd quarter valued at approximately $140,000. Hedge funds and other institutional investors own 79.25% of the company’s stock.

F.N.B. Price Performance

FNB stock opened at $14.31 on Friday. The stock has a 50-day moving average price of $14.07 and a two-hundred day moving average price of $13.88. F.N.B. Co. has a 12-month low of $10.24 and a 12-month high of $15.65. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.33. The company has a market cap of $5.15 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 10.01 and a beta of 0.96.

F.N.B. (NYSE:FNB) last posted its quarterly earnings results on Wednesday, July 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $408.14 million. During the same period last year, the firm posted $0.39 EPS. F.N.B.’s revenue was down 1.4% on a year-over-year basis. As a group, research analysts predict that F.N.B. Co. will post 1.38 EPS for the current year.

F.N.B. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Investors of record on Thursday, September 5th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.35%. The ex-dividend date was Thursday, September 5th. F.N.B.’s dividend payout ratio (DPR) is 38.71%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on FNB shares. StockNews.com cut F.N.B. from a “hold” rating to a “sell” rating in a report on Tuesday, October 8th. Piper Sandler lifted their price objective on F.N.B. from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Stephens reissued an “overweight” rating and set a $16.00 price target on shares of F.N.B. in a research report on Thursday, July 18th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $16.00 price target on shares of F.N.B. in a research report on Wednesday, June 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

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.