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

F.N.B. Corporation (NYSE:FNB) has earned a consensus recommendation of “Buy” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have covered the stock in the last year is $20.20.

FNB has been the topic of a number of recent analyst reports. Truist Financial boosted their target price on F.N.B. from $19.50 to $20.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Keefe, Bruyette & Woods upped their price target on F.N.B. from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Monday, April 20th.

F.N.B. Stock Up 0.5%

Shares of F.N.B. stock opened at $17.62 on Wednesday. The stock’s fifty day moving average is $17.23 and its 200-day moving average is $17.21. The firm has a market capitalization of $6.27 billion, a PE ratio of 10.88, a price-to-earnings-growth ratio of 0.83 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. has a 12-month low of $13.44 and a 12-month high of $19.14.

F.N.B. (NYSE:FNB) last announced its earnings results on Friday, April 17th. The bank reported $0.38 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.38. The company had revenue of $450.00 million for the quarter, compared to analyst estimates of $454.06 million. F.N.B. had a return on equity of 8.94% and a net margin of 21.64%.During the same period in the previous year, the firm earned $0.32 earnings per share. Equities analysts anticipate that F.N.B. will post 1.73 earnings per share for the current year.

F.N.B. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, June 1st. This is a positive change from F.N.B.’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 3.0%. F.N.B.’s payout ratio is presently 32.10%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Horizon Investments LLC acquired a new position in F.N.B. during the fourth quarter valued at $2,182,000. Syon Capital LLC acquired a new position in F.N.B. during the third quarter valued at $501,000. Rothschild Investment LLC raised its position in F.N.B. by 65,030.0% during the third quarter. Rothschild Investment LLC now owns 6,513 shares of the bank’s stock valued at $105,000 after buying an additional 6,503 shares during the period. Jones Financial Companies Lllp raised its position in F.N.B. by 45.5% during the third quarter. Jones Financial Companies Lllp now owns 10,868 shares of the bank’s stock valued at $176,000 after buying an additional 3,400 shares during the period. Finally, Quent Capital LLC raised its position in F.N.B. by 6.6% during the fourth quarter. Quent Capital LLC now owns 11,823 shares of the bank’s stock valued at $202,000 after buying an additional 734 shares during the period. 79.25% of the stock is owned by institutional investors and hedge funds.

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.