Schneider Downs Wealth Management Advisors LP Makes New $251,000 Investment in F.N.B. Co. (NYSE:FNB)

Schneider Downs Wealth Management Advisors LP bought a new position in F.N.B. Co. (NYSE:FNB) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 17,772 shares of the bank’s stock, valued at approximately $251,000.

A number of other hedge funds have also made changes to their positions in FNB. SG Americas Securities LLC bought a new stake in shares of F.N.B. during the second quarter valued at approximately $920,000. CWM LLC boosted its stake in F.N.B. by 0.4% in the third quarter. CWM LLC now owns 379,995 shares of the bank’s stock valued at $5,362,000 after acquiring an additional 1,527 shares during the last quarter. Cetera Advisors LLC raised its position in shares of F.N.B. by 253.4% during the 1st quarter. Cetera Advisors LLC now owns 92,986 shares of the bank’s stock valued at $1,311,000 after acquiring an additional 66,676 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of F.N.B. by 48.2% in the 1st quarter. Cetera Investment Advisers now owns 128,089 shares of the bank’s stock worth $1,806,000 after purchasing an additional 41,665 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in F.N.B. by 181.6% in the second quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank’s stock valued at $41,045,000 after purchasing an additional 1,964,884 shares during the last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Stephens upped their price target 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. Finally, Piper Sandler restated an “overweight” rating on shares of F.N.B. in a report on Friday, October 18th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.33.

F.N.B. Stock Performance

Shares of FNB opened at $16.53 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. F.N.B. Co. has a 12 month low of $11.55 and a 12 month high of $16.97. The firm has a fifty day simple moving average of $14.54 and a 200 day simple moving average of $14.17. The stock has a market capitalization of $5.94 billion, a price-to-earnings ratio of 15.17 and a beta of 0.95.

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

F.N.B. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Monday, December 2nd will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 2.90%. F.N.B.’s payout ratio is 44.04%.

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.