F.N.B. Co. (NYSE:FNB) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp decreased its holdings in shares of F.N.B. Co. (NYSE:FNB) by 19.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 124,231 shares of the bank’s stock after selling 30,404 shares during the period. Hancock Whitney Corp’s holdings in F.N.B. were worth $1,752,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of F.N.B. in the 4th quarter worth approximately $49,533,000. Public Employees Retirement Association of Colorado grew its holdings in shares of F.N.B. by 706.6% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,208,076 shares of the bank’s stock worth $16,635,000 after acquiring an additional 1,058,293 shares during the period. Principal Financial Group Inc. grew its holdings in shares of F.N.B. by 17.2% in the 4th quarter. Principal Financial Group Inc. now owns 4,921,251 shares of the bank’s stock worth $67,766,000 after acquiring an additional 723,755 shares during the period. Rafferty Asset Management LLC grew its holdings in shares of F.N.B. by 61.3% in the 4th quarter. Rafferty Asset Management LLC now owns 535,520 shares of the bank’s stock worth $7,374,000 after acquiring an additional 203,429 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of F.N.B. by 4.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,456,310 shares of the bank’s stock worth $47,593,000 after acquiring an additional 160,060 shares during the period. Institutional investors and hedge funds own 79.25% of the company’s stock.

Analyst Upgrades and Downgrades

FNB has been the topic of a number of research reports. Stephens restated an “overweight” rating and issued a $16.00 price target on shares of F.N.B. in a report on Thursday, July 18th. StockNews.com raised F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, May 27th. Piper Sandler upped their target price on F.N.B. from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $16.00 price target on shares of F.N.B. in a research note on Wednesday, June 26th. Finally, Wells Fargo & Company increased their price target on F.N.B. from $14.00 to $16.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.29.

F.N.B. Trading Down 5.0 %

Shares of FNB stock traded down $0.76 on Thursday, reaching $14.58. 1,158,622 shares of the stock were exchanged, compared to its average volume of 2,213,743. The stock has a market cap of $5.25 billion, a P/E ratio of 12.37, a price-to-earnings-growth ratio of 11.16 and a beta of 0.99. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The firm has a 50 day moving average of $13.84 and a two-hundred day moving average of $13.63. F.N.B. Co. has a 1-year low of $10.24 and a 1-year high of $15.65.

F.N.B. (NYSE:FNB) last released its quarterly earnings data on Wednesday, July 17th. The bank reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The firm had revenue of $403.81 million for the quarter, compared to analyst estimates of $408.14 million. F.N.B. had a return on equity of 9.04% and a net margin of 18.27%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.39 earnings per share. On average, research analysts anticipate that F.N.B. Co. will post 1.39 EPS for the current year.

F.N.B. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 15th. Investors of record on Thursday, September 5th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.48 annualized dividend and a yield of 3.29%. F.N.B.’s dividend payout ratio is currently 38.71%.

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.