Stieven Capital Advisors L.P. Has $10.76 Million Position in F.N.B. Co. (NYSE:FNB)

Stieven Capital Advisors L.P. reduced its holdings in shares of F.N.B. Co. (NYSE:FNB) by 35.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 762,691 shares of the bank’s stock after selling 411,200 shares during the period. F.N.B. accounts for approximately 2.0% of Stieven Capital Advisors L.P.’s investment portfolio, making the stock its 19th biggest holding. Stieven Capital Advisors L.P.’s holdings in F.N.B. were worth $10,762,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of FNB. AQR Capital Management LLC grew its stake in shares of F.N.B. by 181.6% in the 2nd quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank’s stock valued at $41,045,000 after buying an additional 1,964,884 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of F.N.B. by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank’s stock valued at $303,361,000 after buying an additional 647,335 shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of F.N.B. in the 3rd quarter valued at about $3,292,000. Choreo LLC acquired a new stake in shares of F.N.B. in the 2nd quarter valued at about $2,802,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of F.N.B. in the 3rd quarter valued at about $2,223,000. 79.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FNB. Stephens raised their target price on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a research report on Friday, October 18th. Finally, StockNews.com raised shares of F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.33.

F.N.B. Price Performance

Shares of NYSE FNB opened at $16.53 on Friday. F.N.B. Co. has a twelve month low of $11.55 and a twelve month high of $16.97. The stock’s 50 day moving average price is $14.54 and its 200-day moving average price is $14.17. The company has a market capitalization of $5.94 billion, a PE ratio of 15.17 and a beta of 0.95. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.40.

F.N.B. (NYSE:FNB) last announced its earnings results on Thursday, October 17th. The bank reported $0.34 earnings per share 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 business had revenue of $413.02 million during the quarter, compared to analysts’ expectations of $409.80 million. On average, equities analysts anticipate that F.N.B. Co. will post 1.34 EPS for the current year.

F.N.B. Dividend Announcement

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

F.N.B. 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.