F.N.B. Corporation $FNB Shares Sold by Rhino Investment Partners Inc

Rhino Investment Partners Inc decreased its holdings in shares of F.N.B. Corporation (NYSE:FNB) by 39.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 906,571 shares of the bank’s stock after selling 593,321 shares during the quarter. F.N.B. comprises approximately 4.6% of Rhino Investment Partners Inc’s holdings, making the stock its 9th largest position. Rhino Investment Partners Inc owned about 0.25% of F.N.B. worth $14,605,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its holdings in shares of F.N.B. by 3,723.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the bank’s stock worth $36,000 after buying an additional 2,420 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of F.N.B. by 18.9% in the third quarter. Parallel Advisors LLC now owns 4,522 shares of the bank’s stock worth $73,000 after acquiring an additional 720 shares during the last quarter. Rothschild Investment LLC increased its position in F.N.B. by 65,030.0% during the third quarter. Rothschild Investment LLC now owns 6,513 shares of the bank’s stock worth $105,000 after acquiring an additional 6,503 shares during the period. Citizens Financial Group Inc. RI bought a new position in F.N.B. during the third quarter worth $167,000. Finally, Jones Financial Companies Lllp raised its stake in F.N.B. by 45.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 10,868 shares of the bank’s stock valued at $176,000 after purchasing an additional 3,400 shares during the last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on FNB shares. Piper Sandler reissued an “overweight” rating and issued a $21.00 price target (up from $20.00) on shares of F.N.B. in a report on Thursday, January 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of F.N.B. in a research report on Monday, December 29th. Finally, Truist Financial increased their target price on shares of F.N.B. from $19.00 to $19.50 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, F.N.B. has a consensus rating of “Buy” and a consensus target price of $19.60.

F.N.B. Trading Down 1.4%

Shares of F.N.B. stock opened at $15.85 on Friday. F.N.B. Corporation has a 52-week low of $10.88 and a 52-week high of $19.14. The firm has a market capitalization of $5.66 billion, a PE ratio of 10.16, a price-to-earnings-growth ratio of 0.72 and a beta of 0.90. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.90. The company’s fifty day moving average price is $17.54 and its two-hundred day moving average price is $16.79.

F.N.B. (NYSE:FNB) last released its quarterly earnings data on Wednesday, January 21st. The bank reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.09. F.N.B. had a net margin of 20.98% and a return on equity of 8.76%. The company had revenue of $457.78 million during the quarter, compared to the consensus estimate of $457.87 million. During the same period last year, the firm earned $0.30 EPS. On average, analysts expect that F.N.B. Corporation will post 1.45 EPS for the current year.

F.N.B. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.12 per share. The ex-dividend date is Monday, March 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 3.0%. F.N.B.’s dividend payout ratio (DPR) is currently 30.77%.

F.N.B. Company Profile

F.N.B. Corporation is a bank holding company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, FNB Bank, the company provides a broad range of commercial and consumer financial services. Founded in 1864 as the First National Bank of Pennsylvania, F.N.B. has grown through both organic expansion and strategic acquisitions to become a regional banking franchise.

The company’s main business activities include traditional deposit-taking and lending services, such as checking and savings accounts, mortgages, home equity lines of credit, and consumer and commercial loans.