Mutual of America Capital Management LLC Decreases Stock Holdings in F.N.B. Co. (NYSE:FNB)

Mutual of America Capital Management LLC lessened its stake in F.N.B. Co. (NYSE:FNB) by 5.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 194,331 shares of the bank’s stock after selling 11,644 shares during the period. Mutual of America Capital Management LLC owned 0.05% of F.N.B. worth $2,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in FNB. SG Americas Securities LLC purchased a new position in shares of F.N.B. in the 2nd quarter worth approximately $920,000. CWM LLC increased its position in shares of F.N.B. by 0.4% during the third quarter. CWM LLC now owns 379,995 shares of the bank’s stock worth $5,362,000 after purchasing an additional 1,527 shares in the last quarter. Cetera Advisors LLC lifted its holdings in shares of F.N.B. by 253.4% during the 1st quarter. Cetera Advisors LLC now owns 92,986 shares of the bank’s stock valued at $1,311,000 after purchasing an additional 66,676 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of F.N.B. by 48.2% in the 1st quarter. Cetera Investment Advisers now owns 128,089 shares of the bank’s stock worth $1,806,000 after purchasing an additional 41,665 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in F.N.B. by 181.6% during the 2nd quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank’s stock worth $41,045,000 after buying an additional 1,964,884 shares during the last quarter. 79.25% of the stock is currently owned by institutional investors.

F.N.B. Stock Performance

Shares of NYSE FNB opened at $17.15 on Friday. The stock has a market cap of $6.17 billion, a price-to-earnings ratio of 15.73 and a beta of 0.95. F.N.B. Co. has a 12 month low of $11.55 and a 12 month high of $17.19. The company has a 50 day simple moving average of $14.81 and a two-hundred day simple moving average of $14.27. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40.

F.N.B. (NYSE:FNB) last posted its earnings results on Thursday, October 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The business had revenue of $413.02 million for the quarter, compared to analyst estimates of $409.80 million. F.N.B. had a net margin of 16.29% and a return on equity of 8.49%. As a group, analysts predict that F.N.B. Co. will post 1.34 earnings per share for the current year.

F.N.B. Dividend Announcement

The business 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 2.80%. F.N.B.’s payout ratio is 44.04%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. StockNews.com raised F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Raymond James boosted their target price on shares of F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research report on Thursday. Piper Sandler restated an “overweight” rating on shares of F.N.B. in a research note on Friday, October 18th. Finally, Stephens boosted their price objective on shares of F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, F.N.B. currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.83.

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.