F.N.B. Co. (NYSE:FNB) Given Consensus Rating of “Moderate Buy” by Analysts

F.N.B. Co. (NYSE:FNB) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $17.67.

Several equities research analysts have weighed in on FNB shares. Stephens lifted their price target on shares of F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a research report on Friday, October 18th. Wells Fargo & Company increased their price target on F.N.B. from $16.00 to $19.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Finally, Keefe, Bruyette & Woods upped their target price on F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

F.N.B. Trading Up 1.2 %

NYSE FNB opened at $14.94 on Wednesday. The stock has a market capitalization of $5.37 billion, a P/E ratio of 13.71 and a beta of 0.99. The business has a 50 day simple moving average of $15.74 and a 200 day simple moving average of $14.63. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.92. F.N.B. has a one year low of $12.49 and a one year high of $17.70.

F.N.B. (NYSE:FNB) last announced its quarterly earnings data on Thursday, October 17th. The bank reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). F.N.B. had a return on equity of 8.49% and a net margin of 16.29%. The company had revenue of $413.02 million for the quarter, compared to analyst estimates of $409.80 million. Research analysts expect that F.N.B. will post 1.34 earnings per share for the current year.

F.N.B. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Monday, December 2nd were given a dividend of $0.12 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.48 annualized dividend and a dividend yield of 3.21%. F.N.B.’s payout ratio is 44.04%.

Insider Buying and Selling

In related news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $16.50, for a total transaction of $2,062,500.00. Following the transaction, the chief executive officer now directly owns 1,652,229 shares in the company, valued at approximately $27,261,778.50. The trade was a 7.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.22% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On F.N.B.

A number of hedge funds and other institutional investors have recently modified their holdings of FNB. Wealth Enhancement Advisory Services LLC lifted its holdings in F.N.B. by 9.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 40,687 shares of the bank’s stock worth $557,000 after acquiring an additional 3,441 shares during the period. Blue Trust Inc. boosted its holdings in shares of F.N.B. by 19.7% in the 2nd quarter. Blue Trust Inc. now owns 9,042 shares of the bank’s stock worth $127,000 after buying an additional 1,486 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new position in F.N.B. during the second quarter valued at about $149,000. Allegiance Financial Group Advisory Services LLC purchased a new stake in F.N.B. during the second quarter worth about $174,000. Finally, Ceredex Value Advisors LLC raised its position in F.N.B. by 1.0% in the second quarter. Ceredex Value Advisors LLC now owns 846,874 shares of the bank’s stock worth $11,585,000 after acquiring an additional 8,600 shares during the period. Hedge funds and other institutional investors own 79.25% of the company’s stock.

F.N.B. Company 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.