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

F.N.B. Corporation (NYSE:FNB) has earned an average rating of “Buy” from the eight analysts that are covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $18.6429.

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

F.N.B. Price Performance

FNB stock opened at $15.63 on Tuesday. The stock has a market capitalization of $5.61 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 1.01 and a beta of 0.94. The company’s 50-day moving average is $16.08 and its 200-day moving average is $14.76. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.93 and a quick ratio of 0.93. F.N.B. has a 1 year low of $10.88 and a 1 year high of $17.70.

F.N.B. (NYSE:FNB) last released its quarterly earnings data on Thursday, June 20th. The bank reported $0.40 earnings per share (EPS) for the quarter. The company had revenue of $419.30 million for the quarter. F.N.B. had a net margin of 17.88% and a return on equity of 7.94%. Equities research analysts expect that F.N.B. will post 1.45 EPS for the current fiscal year.

F.N.B. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Tuesday, September 2nd. F.N.B.’s dividend payout ratio is currently 37.50%.

Institutional Investors Weigh In On F.N.B.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC raised its holdings in shares of F.N.B. by 5.6% in the 3rd quarter. GAMMA Investing LLC now owns 15,096 shares of the bank’s stock worth $243,000 after acquiring an additional 807 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of F.N.B. by 1.8% in the 2nd quarter. Captrust Financial Advisors now owns 87,304 shares of the bank’s stock worth $1,273,000 after acquiring an additional 1,514 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in F.N.B. by 3,723.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the bank’s stock valued at $36,000 after buying an additional 2,420 shares during the last quarter. Russell Investments Group Ltd. increased its stake in F.N.B. by 3.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 123,771 shares of the bank’s stock valued at $1,805,000 after buying an additional 4,299 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in F.N.B. by 155.4% in the 2nd quarter. SG Americas Securities LLC now owns 60,478 shares of the bank’s stock valued at $882,000 after buying an additional 36,796 shares during the last quarter. Institutional investors and hedge funds 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.