F.N.B. Co. (NYSE:FNB) Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA lowered its position in F.N.B. Co. (NYSE:FNB) by 1.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,408,264 shares of the bank’s stock after selling 20,614 shares during the quarter. Glenmede Trust Co. NA owned about 0.39% of F.N.B. worth $19,871,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kathleen S. Wright Associates Inc. bought a new position in shares of F.N.B. in the third quarter valued at approximately $28,000. Brooklyn Investment Group bought a new position in shares of F.N.B. in the third quarter valued at approximately $31,000. Richardson Financial Services Inc. boosted its holdings in shares of F.N.B. by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock valued at $41,000 after acquiring an additional 1,473 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of F.N.B. by 113.8% in the second quarter. GAMMA Investing LLC now owns 3,314 shares of the bank’s stock valued at $45,000 after acquiring an additional 1,764 shares in the last quarter. Finally, LRI Investments LLC bought a new position in shares of F.N.B. in the first quarter valued at approximately $45,000. 79.25% of the stock is currently owned by institutional investors.

F.N.B. Trading Down 0.3 %

Shares of NYSE:FNB opened at $17.16 on Thursday. The stock has a market capitalization of $6.17 billion, a price-to-earnings ratio of 15.74 and a beta of 0.95. F.N.B. Co. has a 1-year low of $11.55 and a 1-year high of $17.70. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 0.93. The company has a 50 day moving average price of $14.94 and a 200 day moving average price of $14.32.

F.N.B. (NYSE:FNB) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). F.N.B. had a return on equity of 8.49% and a net margin of 16.29%. The firm had revenue of $413.02 million during the quarter, compared to analyst estimates of $409.80 million. On average, research analysts anticipate that F.N.B. Co. will post 1.34 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Monday, December 2nd will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date is Monday, December 2nd. F.N.B.’s dividend payout ratio is 44.04%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Stephens increased their price objective on shares of F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Raymond James raised their target price on shares of F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Piper Sandler restated an “overweight” rating on shares of F.N.B. in a report on Friday, October 18th. Finally, StockNews.com upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Two research 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. presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.83.

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.