New York Life Investment Management LLC Decreases Position in F.N.B. Co. (NYSE:FNB)

New York Life Investment Management LLC reduced its position in F.N.B. Co. (NYSE:FNBFree Report) by 13.6% in the third quarter, HoldingsChannel.com reports. The firm owned 30,693 shares of the bank’s stock after selling 4,836 shares during the period. New York Life Investment Management LLC’s holdings in F.N.B. were worth $331,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. First Command Bank bought a new position in shares of F.N.B. in the second quarter worth approximately $27,000. Headlands Technologies LLC bought a new position in shares of F.N.B. during the second quarter worth $31,000. Neo Ivy Capital Management bought a new position in shares of F.N.B. during the second quarter worth $35,000. Clearstead Advisors LLC bought a new position in shares of F.N.B. during the third quarter worth $36,000. Finally, Lazard Asset Management LLC bought a new position in shares of F.N.B. during the second quarter worth $39,000. 76.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FNB has been the subject of a number of research reports. StockNews.com lowered shares of F.N.B. from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. Raymond James upped their target price on shares of F.N.B. from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Monday, January 22nd. Finally, Bank of America initiated coverage on shares of F.N.B. in a research report on Thursday, January 11th. They set a “buy” rating and a $15.00 target price for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $14.67.

View Our Latest Stock Analysis on F.N.B.

F.N.B. Price Performance

F.N.B. stock opened at $13.36 on Tuesday. The company has a market cap of $4.79 billion, a price-to-earnings ratio of 10.12 and a beta of 1.02. The firm’s fifty day moving average is $13.39 and its 200 day moving average is $12.12. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.33. F.N.B. Co. has a 52-week low of $10.09 and a 52-week high of $14.68.

F.N.B. (NYSE:FNBGet Free Report) last released its quarterly earnings results on Monday, January 22nd. The bank reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. The company had revenue of $337.11 million for the quarter, compared to the consensus estimate of $403.84 million. F.N.B. had a net margin of 21.77% and a return on equity of 9.98%. F.N.B.’s revenue was down 18.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 earnings per share. Sell-side analysts forecast that F.N.B. Co. will post 1.45 EPS for the current fiscal year.

About F.N.B.

(Free Report)

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.

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Institutional Ownership by Quarter for F.N.B. (NYSE:FNB)

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