F.N.B. Co. (NYSE:FNB) Receives $18.00 Consensus PT from Brokerages

Shares of F.N.B. Co. (NYSE:FNB) have received an average rating of “Moderate Buy” from the five analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $18.00.

Several research firms have commented on FNB. Stephens lifted their target price on shares of F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Piper Sandler reiterated an “overweight” rating on shares of F.N.B. in a report on Friday, October 18th. Raymond James upped their price objective on F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. StockNews.com raised shares of F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Finally, Wells Fargo & Company decreased their price objective on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, January 6th.

F.N.B. Price Performance

Shares of NYSE:FNB opened at $15.34 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. The stock has a market cap of $5.51 billion, a PE ratio of 14.07, a price-to-earnings-growth ratio of 4.41 and a beta of 1.01. The stock’s fifty day simple moving average is $15.78 and its two-hundred day simple moving average is $14.81. F.N.B. has a 1-year low of $12.49 and a 1-year high of $17.70.

F.N.B. (NYSE:FNB) last released its quarterly earnings results on Thursday, October 17th. The bank reported $0.34 earnings per share 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 for the quarter, compared to the consensus estimate of $409.80 million. As a group, analysts forecast that F.N.B. will post 1.34 EPS for the current fiscal year.

F.N.B. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.48 annualized dividend and a dividend yield of 3.13%. 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 F.N.B. stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $16.50, for a total value of $2,062,500.00. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.03% of the stock is currently owned by insiders.

Institutional Investors Weigh In On F.N.B.

Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its stake in shares of F.N.B. by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank’s stock valued at $303,361,000 after purchasing an additional 647,335 shares during the period. State Street Corp increased its position in shares of F.N.B. by 1.9% during the third quarter. State Street Corp now owns 15,185,397 shares of the bank’s stock valued at $214,266,000 after buying an additional 278,825 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of F.N.B. by 2.6% in the third 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 boosted its position in shares of F.N.B. by 2.8% in the third quarter. Thrivent Financial for Lutherans now owns 4,818,228 shares of the bank’s stock valued at $67,986,000 after acquiring an additional 130,972 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in F.N.B. by 6.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,888,563 shares of the bank’s stock valued at $54,868,000 after acquiring an additional 218,511 shares in the last quarter. Hedge funds and other institutional investors own 79.25% of the company’s stock.

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.