F.N.B. Co. (NYSE:FNB) Shares Acquired by Cardinal Capital Management

Cardinal Capital Management boosted its stake in F.N.B. Co. (NYSE:FNB) by 4.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 138,968 shares of the bank’s stock after acquiring an additional 6,398 shares during the quarter. Cardinal Capital Management’s holdings in F.N.B. were worth $1,869,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Empowered Funds LLC purchased a new position in shares of F.N.B. during the 4th quarter worth $156,000. Congress Asset Management Co. grew its position in shares of F.N.B. by 4.7% during the fourth quarter. Congress Asset Management Co. now owns 168,344 shares of the bank’s stock worth $2,488,000 after buying an additional 7,570 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in F.N.B. by 12.2% during the fourth quarter. Sanctuary Advisors LLC now owns 26,752 shares of the bank’s stock worth $423,000 after purchasing an additional 2,901 shares during the last quarter. Good Life Advisors LLC purchased a new stake in F.N.B. in the fourth quarter valued at approximately $156,000. Finally, Wealthspire Advisors LLC lifted its stake in F.N.B. by 6.8% in the fourth quarter. Wealthspire Advisors LLC now owns 19,400 shares of the bank’s stock valued at $287,000 after buying an additional 1,230 shares during the last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.

F.N.B. Stock Up 0.9%

F.N.B. stock opened at $13.74 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $4.94 billion, a price-to-earnings ratio of 10.91, a price-to-earnings-growth ratio of 3.60 and a beta of 0.91. F.N.B. Co. has a fifty-two week low of $10.88 and a fifty-two week high of $17.70. The stock’s fifty day moving average is $13.52 and its two-hundred day moving average is $14.30.

F.N.B. (NYSE:FNB) last posted its earnings results on Wednesday, April 16th. The bank reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. The company had revenue of $411.61 million for the quarter, compared to analyst estimates of $409.52 million. F.N.B. had a return on equity of 8.30% and a net margin of 18.12%. During the same quarter in the prior year, the company earned $0.34 earnings per share. Analysts predict that F.N.B. Co. will post 1.45 EPS for the current fiscal year.

F.N.B. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, June 15th. Investors of record on Monday, June 2nd were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend was Monday, June 2nd. F.N.B.’s payout ratio is currently 38.10%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. DA Davidson restated a “buy” rating and set a $19.00 price target on shares of F.N.B. in a research note on Thursday, April 17th. Truist Financial began coverage on F.N.B. in a report on Tuesday, May 13th. They set a “buy” rating and a $16.50 price objective on the stock. Keefe, Bruyette & Woods raised F.N.B. from a “market perform” rating to an “outperform” rating and set a $16.50 price objective on the stock in a report on Monday, April 21st. Finally, Wells Fargo & Company dropped their price objective on F.N.B. from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, F.N.B. currently has an average rating of “Buy” and an average target price of $17.57.

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.