F.N.B. (NYSE:FNB) Price Target Raised to $20.00

F.N.B. (NYSE:FNB) had its price objective increased by Truist Financial from $19.50 to $20.00 in a report issued on Monday morning, Marketbeat Ratings reports. The brokerage currently has a buy rating on the bank’s stock.

Other research analysts also recently issued research reports about the company. Piper Sandler reiterated an “overweight” rating and issued a $21.00 price objective (up from $20.00) on shares of F.N.B. in a report on Thursday, January 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of F.N.B. in a report on Monday, December 29th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $20.20.

F.N.B. Stock Performance

Shares of F.N.B. stock opened at $17.64 on Monday. F.N.B. has a 52 week low of $12.88 and a 52 week high of $19.14. The business’s fifty day simple moving average is $17.09 and its 200-day simple moving average is $16.91. The firm has a market cap of $6.27 billion, a PE ratio of 10.89, a price-to-earnings-growth ratio of 0.86 and a beta of 0.87. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.29.

F.N.B. (NYSE:FNB) last issued its quarterly earnings results on Thursday, April 16th. The bank reported $0.38 earnings per share for the quarter, hitting the consensus estimate of $0.38. F.N.B. had a return on equity of 8.94% and a net margin of 21.64%.The company had revenue of $450.26 million for the quarter, compared to the consensus estimate of $454.06 million. During the same quarter in the prior year, the business earned $0.32 EPS. Equities analysts forecast that F.N.B. will post 1.72 earnings per share for the current year.

F.N.B. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, June 1st. This is an increase from F.N.B.’s previous quarterly dividend of $0.12. F.N.B.’s dividend payout ratio (DPR) is currently 29.63%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Tradewinds LLC. purchased a new position in shares of F.N.B. in the 3rd quarter valued at about $1,444,000. Pacer Advisors Inc. purchased a new position in F.N.B. during the 3rd quarter worth approximately $1,097,000. Syon Capital LLC purchased a new position in F.N.B. during the 3rd quarter worth approximately $501,000. Harbor Capital Advisors Inc. purchased a new position in F.N.B. during the 3rd quarter worth approximately $872,000. Finally, Longboard Asset Management LP purchased a new position in F.N.B. during the 3rd quarter worth approximately $177,000. Hedge funds and other institutional investors own 79.25% of the company’s stock.

About F.N.B.

F.N.B. Corporation is a bank holding company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, FNB Bank, the company provides a broad range of commercial and consumer financial services. Founded in 1864 as the First National Bank of Pennsylvania, F.N.B. has grown through both organic expansion and strategic acquisitions to become a regional banking franchise.

The company’s main business activities include traditional deposit-taking and lending services, such as checking and savings accounts, mortgages, home equity lines of credit, and consumer and commercial loans.