AQR Capital Management LLC Has $41.05 Million Stock Holdings in F.N.B. Co. (NYSE:FNB)

AQR Capital Management LLC boosted its holdings in F.N.B. Co. (NYSE:FNB) by 181.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,047,133 shares of the bank’s stock after purchasing an additional 1,964,884 shares during the period. AQR Capital Management LLC’s holdings in F.N.B. were worth $41,045,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Bank of Montreal Can grew its stake in shares of F.N.B. by 2.2% in the second quarter. Bank of Montreal Can now owns 47,679 shares of the bank’s stock worth $653,000 after acquiring an additional 1,040 shares during the last quarter. Sei Investments Co. grew its position in F.N.B. by 1.8% in the 2nd quarter. Sei Investments Co. now owns 1,365,518 shares of the bank’s stock worth $18,680,000 after purchasing an additional 24,474 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of F.N.B. by 17.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 30,463 shares of the bank’s stock valued at $417,000 after buying an additional 4,574 shares during the period. Dimensional Fund Advisors LP raised its holdings in F.N.B. by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank’s stock valued at $303,361,000 after acquiring an additional 647,335 shares in the last quarter. Finally, GHP Investment Advisors Inc. increased its position in shares of F.N.B. by 2.5% during the second quarter. GHP Investment Advisors Inc. now owns 95,079 shares of the bank’s stock valued at $1,301,000 after purchasing an additional 2,279 shares during the period. 79.25% of the stock is currently owned by institutional investors and hedge funds.

F.N.B. Stock Down 0.1 %

Shares of FNB opened at $13.89 on Friday. The business’s 50 day simple moving average is $14.32 and its 200-day simple moving average is $13.85. F.N.B. Co. has a one year low of $10.24 and a one year high of $15.65. The company has a market capitalization of $5.00 billion, a P/E ratio of 11.20, a PEG ratio of 10.27 and a beta of 0.96. 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 earnings results on Wednesday, July 17th. The bank reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). F.N.B. had a return on equity of 9.04% and a net margin of 18.27%. The business had revenue of $403.81 million for the quarter, compared to the consensus estimate of $408.14 million. During the same quarter in the previous year, the company posted $0.39 EPS. F.N.B.’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, sell-side analysts predict that F.N.B. Co. will post 1.38 EPS for the current fiscal year.

F.N.B. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Thursday, September 5th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend was Thursday, September 5th. F.N.B.’s dividend payout ratio is presently 38.71%.

Analysts Set New Price Targets

FNB has been the topic of several analyst reports. Stephens reissued an “overweight” rating and issued a $16.00 price target on shares of F.N.B. in a report on Thursday, July 18th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $16.00 target price on shares of F.N.B. in a research note on Wednesday, June 26th. StockNews.com lowered F.N.B. from a “hold” rating to a “sell” rating in a research note on Tuesday, September 24th. Finally, Piper Sandler raised 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. One 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 has an average rating of “Moderate Buy” and a consensus target price of $15.29.

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.