Richardson Financial Services Inc. Buys 1,473 Shares of F.N.B. Co. (NYSE:FNB)

Richardson Financial Services Inc. raised its stake in F.N.B. Co. (NYSE:FNB) by 100.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,946 shares of the bank’s stock after purchasing an additional 1,473 shares during the period. Richardson Financial Services Inc.’s holdings in F.N.B. were worth $41,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. State of Alaska Department of Revenue grew its position in shares of F.N.B. by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 41,581 shares of the bank’s stock worth $586,000 after buying an additional 2,830 shares during the last quarter. GHP Investment Advisors Inc. grew its holdings in F.N.B. by 7.5% in the third quarter. GHP Investment Advisors Inc. now owns 102,218 shares of the bank’s stock worth $1,442,000 after purchasing an additional 7,139 shares during the last quarter. Dakota Wealth Management acquired a new position in shares of F.N.B. during the third quarter worth $157,000. Assenagon Asset Management S.A. purchased a new stake in shares of F.N.B. during the 3rd quarter valued at $2,223,000. Finally, Signaturefd LLC boosted its position in shares of F.N.B. by 16.7% in the 3rd quarter. Signaturefd LLC now owns 5,592 shares of the bank’s stock worth $79,000 after purchasing an additional 799 shares in the last quarter. 79.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Stephens upped their target price on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, October 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 research note on Monday, October 21st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.33.

F.N.B. Stock Performance

NYSE FNB traded down $0.30 during trading hours on Friday, reaching $14.17. The stock had a trading volume of 2,593,956 shares, compared to its average volume of 2,353,637. F.N.B. Co. has a 52-week low of $10.40 and a 52-week high of $15.65. The stock has a fifty day moving average of $14.23 and a 200 day moving average of $13.92. 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 stock has a market cap of $5.10 billion, a P/E ratio of 13.00, a price-to-earnings-growth ratio of 10.58 and a beta of 0.96.

F.N.B. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Thursday, September 5th were paid a $0.12 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.39%. F.N.B.’s payout ratio is currently 44.04%.

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.