Glenmede Trust Co. NA Has $19.87 Million Stake in F.N.B. Co. (NYSE:FNB)

Glenmede Trust Co. NA decreased its stake in F.N.B. Co. (NYSE:FNB) by 1.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,408,264 shares of the bank’s stock after selling 20,614 shares during the quarter. Glenmede Trust Co. NA’s holdings in F.N.B. were worth $19,871,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position in F.N.B. by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank’s stock worth $303,361,000 after buying an additional 647,335 shares in the last quarter. Principal Financial Group Inc. lifted its position in F.N.B. by 2.6% in the 3rd quarter. Principal Financial Group Inc. now owns 4,952,429 shares of the bank’s stock worth $69,879,000 after buying an additional 127,516 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in F.N.B. by 2.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 4,818,228 shares of the bank’s stock worth $67,986,000 after buying an additional 130,972 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in F.N.B. by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,888,563 shares of the bank’s stock worth $54,868,000 after buying an additional 218,511 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in F.N.B. by 181.6% in 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 in the last quarter. Hedge funds and other institutional investors own 79.25% of the company’s stock.

F.N.B. Stock Down 0.3 %

F.N.B. stock opened at $17.16 on Thursday. The company has a market capitalization of $6.17 billion, a P/E ratio of 15.74 and a beta of 0.95. The firm’s fifty day simple moving average is $14.94 and its 200-day simple moving average is $14.32. 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. Co. has a 1-year low of $11.55 and a 1-year high of $17.70.

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). F.N.B. had a net margin of 16.29% and a return on equity of 8.49%. The firm had revenue of $413.02 million during the quarter, compared to analyst estimates of $409.80 million. Sell-side analysts forecast that F.N.B. Co. will post 1.34 earnings per share for the current fiscal year.

F.N.B. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Monday, December 2nd will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 2.80%. F.N.B.’s payout ratio is presently 44.04%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on FNB shares. StockNews.com upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Raymond James increased 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, November 21st. Stephens raised their price target 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. Finally, Piper Sandler restated an “overweight” rating on shares of F.N.B. in a report on Friday, October 18th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, F.N.B. presently has an average rating of “Moderate Buy” and a consensus price target of $16.83.

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.