Savant Capital LLC Increases Stake in F.N.B. Co. (NYSE:FNB)

Savant Capital LLC raised its holdings in shares of F.N.B. Co. (NYSE:FNB) by 267.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,507 shares of the bank’s stock after purchasing an additional 36,762 shares during the quarter. Savant Capital LLC’s holdings in F.N.B. were worth $691,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of F.N.B. by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 39,346,808 shares of the bank’s stock valued at $541,806,000 after purchasing an additional 156,120 shares during the period. Principal Financial Group Inc. grew its stake in F.N.B. by 1.0% in the 1st quarter. Principal Financial Group Inc. now owns 4,969,587 shares of the bank’s stock valued at $70,071,000 after buying an additional 48,336 shares in the last quarter. Norges Bank bought a new stake in F.N.B. during the 4th quarter valued at $49,533,000. Charles Schwab Investment Management Inc. lifted its position in shares of F.N.B. by 4.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,456,310 shares of the bank’s stock worth $47,593,000 after acquiring an additional 160,060 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of F.N.B. by 3.4% in the fourth quarter. First Trust Advisors LP now owns 2,731,875 shares of the bank’s stock worth $37,618,000 after acquiring an additional 90,365 shares during the period. 79.25% of the stock is owned by hedge funds and other institutional investors.

F.N.B. Stock Performance

Shares of FNB opened at $13.77 on Thursday. 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 $4.95 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 10.14 and a beta of 0.97. The stock has a 50-day moving average price of $14.36 and a 200-day moving average price of $13.81.

F.N.B. (NYSE:FNB) last announced its earnings results on Wednesday, July 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01). The company had revenue of $403.81 million for the quarter, compared to the consensus estimate of $408.14 million. F.N.B. had a net margin of 18.27% and a return on equity of 9.04%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 earnings per share. As a group, equities analysts forecast that F.N.B. Co. will post 1.38 earnings per share for the current fiscal year.

F.N.B. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 15th. Investors of record on Thursday, September 5th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a yield of 3.49%. F.N.B.’s dividend payout ratio is presently 38.71%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on FNB shares. Stephens reiterated an “overweight” rating and set a $16.00 price objective on shares of F.N.B. in a research note on Thursday, July 18th. StockNews.com cut F.N.B. from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. Piper Sandler raised their price objective on shares of F.N.B. from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $16.00 target price on shares of F.N.B. in a report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus 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.