Quantbot Technologies LP Purchases Shares of 87,642 F.N.B. Co. (NYSE:FNB)

Quantbot Technologies LP acquired a new position in shares of F.N.B. Co. (NYSE:FNB) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 87,642 shares of the bank’s stock, valued at approximately $1,237,000.

Several other hedge funds also recently modified their holdings of FNB. Diversified Trust Co boosted its position in F.N.B. by 4.9% during the second quarter. Diversified Trust Co now owns 16,852 shares of the bank’s stock valued at $231,000 after purchasing an additional 789 shares during the last quarter. Signaturefd LLC lifted its stake in F.N.B. by 16.7% in the third quarter. Signaturefd LLC now owns 5,592 shares of the bank’s stock valued at $79,000 after acquiring an additional 799 shares during the last quarter. Miller Howard Investments Inc. NY grew its position in shares of F.N.B. by 2.4% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 35,067 shares of the bank’s stock valued at $480,000 after acquiring an additional 836 shares during the period. Hancock Whitney Corp increased its stake in shares of F.N.B. by 0.8% during the 3rd quarter. Hancock Whitney Corp now owns 121,945 shares of the bank’s stock worth $1,721,000 after purchasing an additional 947 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of F.N.B. by 2.2% in the 2nd quarter. Bank of Montreal Can now owns 47,679 shares of the bank’s stock valued at $653,000 after purchasing an additional 1,040 shares during the period. Institutional investors own 79.25% of the company’s stock.

F.N.B. Stock Down 0.1 %

Shares of FNB opened at $17.15 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 $11.89 and a 12 month high of $17.70. The firm’s 50 day moving average is $15.10 and its 200-day moving average is $14.38. The stock has a market capitalization of $6.17 billion, a PE ratio of 15.73 and a beta of 0.95.

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). The company had revenue of $413.02 million for the quarter, compared to the consensus estimate of $409.80 million. F.N.B. had a return on equity of 8.49% and a net margin of 16.29%. Equities research analysts forecast that F.N.B. Co. will post 1.34 EPS for the current 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 given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.48 annualized dividend and a yield of 2.80%. F.N.B.’s dividend payout ratio is 44.04%.

Analyst Upgrades and Downgrades

FNB has been the topic of a number of recent analyst reports. Piper Sandler reissued an “overweight” rating on shares of F.N.B. in a research report on Friday, October 18th. Raymond James lifted 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. StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Finally, Stephens increased their target price on F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $16.83.

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.