Bank of Montreal Can Raises Holdings in F.N.B. Co. (NYSE:FNB)

Bank of Montreal Can increased its stake in shares of F.N.B. Co. (NYSE:FNB) by 2.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 47,679 shares of the bank’s stock after buying an additional 1,040 shares during the quarter. Bank of Montreal Can’s holdings in F.N.B. were worth $653,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FNB. Diversified Trust Co lifted its holdings in F.N.B. by 4.9% in the 2nd quarter. Diversified Trust Co now owns 16,852 shares of the bank’s stock valued at $231,000 after purchasing an additional 789 shares in the last quarter. Miller Howard Investments Inc. NY lifted its stake in shares of F.N.B. by 2.4% during the second quarter. Miller Howard Investments Inc. NY now owns 35,067 shares of the bank’s stock valued at $480,000 after buying an additional 836 shares during the period. Alaska Permanent Fund Corp boosted its position in F.N.B. by 0.5% during the first quarter. Alaska Permanent Fund Corp now owns 195,731 shares of the bank’s stock worth $2,760,000 after acquiring an additional 1,050 shares during the last quarter. Vista Investment Management grew its stake in F.N.B. by 4.4% in the 4th quarter. Vista Investment Management now owns 29,255 shares of the bank’s stock worth $403,000 after acquiring an additional 1,224 shares during the period. Finally, Los Angeles Capital Management LLC grew its stake in F.N.B. by 1.6% in the 1st quarter. Los Angeles Capital Management LLC now owns 82,458 shares of the bank’s stock worth $1,163,000 after acquiring an additional 1,304 shares during the period. Hedge funds and other institutional investors own 79.25% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on FNB. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $16.00 price target on shares of F.N.B. in a research note on Wednesday, June 26th. StockNews.com downgraded F.N.B. from a “hold” rating to a “sell” rating in a research report on Tuesday. Stephens restated an “overweight” rating and issued a $16.00 price target on shares of F.N.B. in a report on Thursday, July 18th. Finally, Piper Sandler upped 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 note on Friday, July 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.29.

F.N.B. Stock Performance

Shares of NYSE:FNB opened at $13.66 on Wednesday. The business has a 50-day moving average of $14.11 and a two-hundred day moving average of $13.87. The firm has a market capitalization of $4.91 billion, a PE ratio of 11.02, a P/E/G 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. Co. has a 12 month low of $10.24 and a 12 month high of $15.65.

F.N.B. (NYSE:FNB) last issued its 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 return on equity of 9.04% and a net margin of 18.27%. The firm had revenue of $403.81 million for the quarter, compared to analysts’ expectations of $408.14 million. During the same quarter in the previous year, the firm posted $0.39 EPS. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, research analysts forecast that F.N.B. Co. will post 1.38 earnings per share for the current year.

F.N.B. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Investors of record on Thursday, September 5th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.48 annualized dividend and a dividend yield of 3.51%. F.N.B.’s payout ratio is 38.71%.

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.