StockNews.com upgraded shares of F.N.B. (NYSE:FNB – Free Report) from a sell rating to a hold rating in a research note published on Monday morning.
FNB has been the topic of several other research reports. Keefe, Bruyette & Woods restated a “market perform” rating and set a $16.00 target price on shares of F.N.B. in a report on Wednesday, June 26th. Piper Sandler restated an “overweight” rating on shares of F.N.B. in a research note on Friday, October 18th. Finally, Stephens increased 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. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.33.
Check Out Our Latest Report on F.N.B.
F.N.B. Trading Down 0.1 %
F.N.B. Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Thursday, September 5th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend was Thursday, September 5th. F.N.B.’s payout ratio is 38.71%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Diversified Trust Co raised its position in shares of F.N.B. by 4.9% in the 2nd quarter. Diversified Trust Co now owns 16,852 shares of the bank’s stock valued at $231,000 after purchasing an additional 789 shares in the last quarter. Signaturefd LLC raised its holdings 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 in the last quarter. Miller Howard Investments Inc. NY boosted its stake in F.N.B. by 2.4% during 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 last quarter. Bank of Montreal Can grew its holdings in F.N.B. by 2.2% during the 2nd quarter. Bank of Montreal Can now owns 47,679 shares of the bank’s stock worth $653,000 after acquiring an additional 1,040 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its position in shares of F.N.B. by 1.6% in the 1st quarter. Los Angeles Capital Management LLC now owns 82,458 shares of the bank’s stock worth $1,163,000 after purchasing an additional 1,304 shares during the last quarter. Hedge funds and other institutional investors own 79.25% of the company’s stock.
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.
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