F.N.B. Corporation (NYSE:FNB) Receives Average Rating of “Buy” from Analysts

Shares of F.N.B. Corporation (NYSE:FNB) have received a consensus rating of “Buy” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have covered the stock in the last year is $18.6429.

A number of research firms have issued reports on FNB. Wells Fargo & Company increased their price target on F.N.B. from $18.00 to $20.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. Truist Financial lifted their price target on shares of F.N.B. from $17.50 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. DA Davidson boosted their price target on shares of F.N.B. from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Wall Street Zen upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a report on Sunday, July 13th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $18.50 target price (up previously from $16.50) on shares of F.N.B. in a research note on Monday, July 21st.

F.N.B. Stock Performance

Shares of FNB stock opened at $16.08 on Friday. The firm has a 50 day moving average of $15.97 and a two-hundred day moving average of $14.54. The stock has a market capitalization of $5.77 billion, a PE ratio of 12.56, a P/E/G ratio of 0.91 and a beta of 0.98. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.41. F.N.B. has a 52 week low of $10.88 and a 52 week high of $17.70.

F.N.B. (NYSE:FNB) last announced its quarterly earnings data on Thursday, July 17th. The bank reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.03. The business had revenue of $438.21 million for the quarter, compared to analysts’ expectations of $424.39 million. F.N.B. had a return on equity of 7.94% and a net margin of 17.88%.During the same period last year, the firm earned $0.34 earnings per share. On average, research analysts predict that F.N.B. will post 1.45 EPS for the current fiscal year.

F.N.B. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, September 2nd. F.N.B.’s dividend payout ratio is currently 37.50%.

Institutional Investors Weigh In On F.N.B.

Several institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its holdings in shares of F.N.B. by 22.8% during the second quarter. Parallel Advisors LLC now owns 3,802 shares of the bank’s stock valued at $55,000 after purchasing an additional 706 shares during the period. Forum Financial Management LP grew its position in F.N.B. by 5.9% in the 4th quarter. Forum Financial Management LP now owns 13,258 shares of the bank’s stock valued at $196,000 after buying an additional 744 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in F.N.B. by 3.2% during the 1st quarter. Verdence Capital Advisors LLC now owns 25,489 shares of the bank’s stock valued at $343,000 after buying an additional 783 shares during the period. LPL Financial LLC raised its position in shares of F.N.B. by 0.4% during the 1st quarter. LPL Financial LLC now owns 224,171 shares of the bank’s stock worth $3,015,000 after buying an additional 886 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in shares of F.N.B. by 0.3% in the 1st quarter. Federated Hermes Inc. now owns 315,585 shares of the bank’s stock worth $4,245,000 after acquiring an additional 892 shares during the period. 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.