F.N.B. Corporation $FNB Stock Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al cut its holdings in F.N.B. Corporation (NYSE:FNB) by 67.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,500 shares of the bank’s stock after selling 48,000 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in F.N.B. were worth $404,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wellington Management Group LLP grew its position in shares of F.N.B. by 12.5% during the 2nd quarter. Wellington Management Group LLP now owns 1,318,016 shares of the bank’s stock valued at $25,148,000 after acquiring an additional 146,571 shares during the period. Rhino Investment Partners Inc raised its holdings in F.N.B. by 47.8% in the 1st quarter. Rhino Investment Partners Inc now owns 1,207,418 shares of the bank’s stock worth $20,188,000 after purchasing an additional 390,526 shares during the period. Assenagon Asset Management S.A. raised its holdings in F.N.B. by 758.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 922,134 shares of the bank’s stock worth $15,870,000 after purchasing an additional 814,690 shares during the period. HighTower Advisors LLC raised its holdings in F.N.B. by 0.3% in the 2nd quarter. HighTower Advisors LLC now owns 620,845 shares of the bank’s stock worth $11,846,000 after purchasing an additional 1,657 shares during the period. Finally, Hsbc Holdings PLC lifted its position in F.N.B. by 5.5% during the second quarter. Hsbc Holdings PLC now owns 482,010 shares of the bank’s stock valued at $9,233,000 after purchasing an additional 25,141 shares in the last quarter. Hedge funds and other institutional investors own 79.25% of the company’s stock.

F.N.B. News Summary

Here are the key news stories impacting F.N.B. this week:

• Positive Sentiment: Zacks raised its FY2026 EPS estimate to $1.70 from $1.69, and lifted estimates for Q2 2027, Q4 2027 and Q1 2028 by a penny each.
• Negative Sentiment: Zacks lowered estimates for Q1 2027, Q3 2027, Q2 2028 and Q3 2028. It also cut FY2027 slightly, to $1.88 from $1.89, and reduced FY2028 to $2.13 from $2.29—a larger downgrade that may signal weaker longer-term earnings expectations.

Analyst Ratings Changes

Several analysts have issued reports on the company. Piper Sandler reissued an “overweight” rating on shares of F.N.B. in a report on Monday, July 20th. Bank of America cut F.N.B. from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $20.00 to $19.00 in a research report on Monday, July 20th. UBS Group started coverage on F.N.B. in a research note on Monday, September 14th. They issued a “neutral” rating and a $20.00 price objective on the stock. Raymond James Financial set a $20.00 price objective on F.N.B. in a research report on Wednesday, October 21st. Finally, Truist Financial lowered their price objective on F.N.B. from $20.50 to $19.00 and set a “buy” rating on the stock in a research report on Friday, October 9th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $20.29.

F.N.B. Stock Performance

Shares of NYSE FNB opened at $17.91 on Friday. The stock has a market cap of $6.28 billion, a PE ratio of 10.53, a price-to-earnings-growth ratio of 0.84 and a beta of 0.89. F.N.B. Corporation has a 1 year low of $15.21 and a 1 year high of $19.59. The firm has a fifty day moving average price of $17.81 and a 200-day moving average price of $17.91. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.91 and a quick ratio of 0.91.

F.N.B. (NYSE:FNB) last released its earnings results on Tuesday, October 20th. The bank reported $0.43 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.43. F.N.B. had a net margin of 22.46% and a return on equity of 9.12%. The company had revenue of $469.00 million for the quarter, compared to analysts’ expectations of $476.20 million. During the same quarter in the previous year, the company earned $0.41 EPS. Equities analysts anticipate that F.N.B. Corporation will post 1.69 earnings per share for the current fiscal year.

F.N.B. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Tuesday, December 1st. F.N.B.’s dividend payout ratio is presently 30.59%.

F.N.B. Profile

F.N.B. Corporation (NYSE: FNB) is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, First National Bank, the company provides banking, lending and wealth management services to individuals, families, businesses and government entities.

FNB’s offerings include checking and savings accounts, certificates of deposit, residential and consumer loans, commercial real estate and business lending, treasury management and cash-management services.