F.N.B. Co. (NYSE:FNB) Stock Position Decreased by Moors & Cabot Inc.

Moors & Cabot Inc. decreased its stake in shares of F.N.B. Co. (NYSE:FNB) by 8.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 16,435 shares of the bank’s stock after selling 1,492 shares during the period. Moors & Cabot Inc.’s holdings in F.N.B. were worth $188,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its holdings in shares of F.N.B. by 0.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,309,825 shares of the bank’s stock valued at $37,864,000 after acquiring an additional 25,085 shares during the last quarter. Citigroup Inc. increased its holdings in shares of F.N.B. by 466.3% during the 2nd quarter. Citigroup Inc. now owns 330,512 shares of the bank’s stock valued at $3,781,000 after acquiring an additional 272,148 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of F.N.B. by 24.1% during the 2nd quarter. Cetera Investment Advisers now owns 51,372 shares of the bank’s stock valued at $588,000 after acquiring an additional 9,993 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of F.N.B. by 1.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 21,021,902 shares of the bank’s stock valued at $240,493,000 after acquiring an additional 271,092 shares during the last quarter. Finally, Swiss National Bank grew its holdings in F.N.B. by 3.9% in the 2nd quarter. Swiss National Bank now owns 786,415 shares of the bank’s stock valued at $8,997,000 after buying an additional 29,300 shares during the last quarter. Institutional investors and hedge funds own 76.94% of the company’s stock.

F.N.B. Price Performance

F.N.B. stock opened at $11.89 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $4.27 billion, a PE ratio of 7.57 and a beta of 1.09. F.N.B. Co. has a one year low of $10.09 and a one year high of $14.68. The business has a 50 day simple moving average of $11.00 and a 200 day simple moving average of $11.45.

F.N.B. (NYSE:FNB) last posted its earnings results on Thursday, October 19th. The bank reported $0.40 EPS for the quarter, topping the consensus estimate of $0.36 by $0.04. The business had revenue of $408.10 million during the quarter, compared to the consensus estimate of $402.76 million. F.N.B. had a return on equity of 10.44% and a net margin of 26.43%. F.N.B.’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company earned $0.39 EPS. On average, sell-side analysts forecast that F.N.B. Co. will post 1.55 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, December 5th will be given a $0.12 dividend. The ex-dividend date is Monday, December 4th. This represents a $0.48 annualized dividend and a yield of 4.04%. F.N.B.’s payout ratio is 30.57%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FNB. Jefferies Financial Group lowered their target price on F.N.B. from $12.00 to $11.00 in a report on Tuesday, October 10th. StockNews.com raised F.N.B. from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Finally, Raymond James lowered their target price on F.N.B. from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Monday, October 23rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $14.67.

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.