Signature Estate & Investment Advisors LLC Invests $326,000 in F.N.B. Co. (NYSE:FNB)

Signature Estate & Investment Advisors LLC purchased a new stake 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 fund purchased 23,101 shares of the bank’s stock, valued at approximately $326,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. acquired a new position in F.N.B. in the third quarter worth $28,000. Richardson Financial Services Inc. boosted its stake in F.N.B. by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock worth $41,000 after acquiring an additional 1,473 shares during the last quarter. LRI Investments LLC acquired a new position in shares of F.N.B. in the 1st quarter valued at $45,000. GAMMA Investing LLC grew its stake in F.N.B. by 113.8% in the second quarter. GAMMA Investing LLC now owns 3,314 shares of the bank’s stock valued at $45,000 after acquiring an additional 1,764 shares during the period. Finally, UMB Bank n.a. grew its position in shares of F.N.B. by 82.3% in the 3rd quarter. UMB Bank n.a. now owns 3,687 shares of the bank’s stock valued at $52,000 after purchasing an additional 1,665 shares during the period. Institutional investors and hedge funds own 79.25% of the company’s stock.

F.N.B. Stock Up 0.2 %

FNB opened at $16.53 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 0.93. The stock has a fifty day moving average of $14.54 and a 200-day moving average of $14.17. F.N.B. Co. has a fifty-two week low of $11.55 and a fifty-two week high of $16.97. The company has a market capitalization of $5.94 billion, a P/E ratio of 15.17 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%. On average, equities analysts expect that F.N.B. Co. will post 1.34 EPS for the current year.

F.N.B. Announces Dividend

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 paid a $0.12 dividend. 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 dividend payout ratio (DPR) is 44.04%.

Analysts Set New Price Targets

FNB has been the subject of a number of research analyst reports. Stephens upped their target price on shares of F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. StockNews.com raised shares of F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Finally, Piper Sandler reiterated an “overweight” rating on shares of F.N.B. in a report on Friday, October 18th. Two equities research 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 stock currently has an average rating of “Moderate Buy” and an average price target of $16.33.

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.