F.N.B. Co. (NYSE:FNB) Shares Acquired by Cardinal Capital Management

Cardinal Capital Management raised its stake in shares of F.N.B. Co. (NYSE:FNB) by 21.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 121,881 shares of the bank’s stock after buying an additional 21,344 shares during the period. Cardinal Capital Management’s holdings in F.N.B. were worth $1,719,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Hsbc Holdings PLC increased its position in shares of F.N.B. by 663.2% in the third quarter. Hsbc Holdings PLC now owns 233,439 shares of the bank’s stock worth $2,523,000 after acquiring an additional 202,853 shares in the last quarter. Federated Hermes Inc. increased its position in shares of F.N.B. by 455.8% in the third quarter. Federated Hermes Inc. now owns 289,090 shares of the bank’s stock worth $3,119,000 after acquiring an additional 237,075 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of F.N.B. by 479.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 112,574 shares of the bank’s stock worth $1,215,000 after acquiring an additional 93,159 shares in the last quarter. Natixis Advisors L.P. increased its position in shares of F.N.B. by 14.7% in the third quarter. Natixis Advisors L.P. now owns 54,927 shares of the bank’s stock worth $593,000 after acquiring an additional 7,050 shares in the last quarter. Finally, Trexquant Investment LP purchased a new position in shares of F.N.B. in the third quarter worth approximately $2,692,000. Institutional investors own 79.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on FNB shares. Stephens dropped their target price on shares of F.N.B. from $16.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $16.00 price objective on shares of F.N.B. in a research report on Wednesday. StockNews.com raised shares of F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday, May 27th. Finally, Wells Fargo & Company boosted their price objective on shares of F.N.B. from $14.00 to $16.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $15.14.

F.N.B. Price Performance

NYSE FNB opened at $13.25 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $4.77 billion, a PE ratio of 10.69, a price-to-earnings-growth ratio of 9.36 and a beta of 0.99. The company has a 50 day moving average price of $13.52 and a two-hundred day moving average price of $13.48. F.N.B. Co. has a 12-month low of $10.24 and a 12-month high of $14.39.

F.N.B. (NYSE:FNB) last issued its quarterly earnings data on Thursday, April 18th. The bank reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. F.N.B. had a net margin of 19.73% and a return on equity of 9.51%. The business had revenue of $406.87 million during the quarter, compared to analysts’ expectations of $406.96 million. During the same period in the previous year, the company earned $0.40 earnings per share. As a group, equities analysts predict that F.N.B. Co. will post 1.4 earnings per share for the current fiscal year.

F.N.B. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 15th. Stockholders of record on Thursday, June 6th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date was Thursday, June 6th. F.N.B.’s payout ratio is 38.71%.

Insider Transactions at F.N.B.

In related news, Director William B. Campbell bought 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were acquired at an average price of $13.48 per share, with a total value of $33,700.00. Following the completion of the transaction, the director now owns 149,458 shares of the company’s stock, valued at approximately $2,014,693.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.03% of the stock is owned by corporate insiders.

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.