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

Shares of F.N.B. Corporation (NYSE:FNB) have been assigned a consensus recommendation of “Buy” from the six analysts that are currently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have covered the stock in the last year is $20.40.

Several research analysts have weighed in on FNB shares. Piper Sandler lifted their target price on F.N.B. from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday. Keefe, Bruyette & Woods lifted their target price on F.N.B. from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of F.N.B. in a report on Tuesday, June 9th. Finally, Truist Financial lifted their target price on F.N.B. from $19.50 to $20.00 and gave the stock a “buy” rating in a report on Monday, April 20th.

Insider Activity

In other F.N.B. news, insider Gary L. Guerrieri sold 19,000 shares of F.N.B. stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $18.53, for a total value of $352,070.00. Following the sale, the insider owned 298,097 shares of the company’s stock, valued at $5,523,737.41. This trade represents a 5.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.50% of the stock is owned by corporate insiders.

Institutional Trading of F.N.B.

Several hedge funds and other institutional investors have recently modified their holdings of FNB. CoreCap Advisors LLC acquired a new stake in shares of F.N.B. in the 4th quarter valued at about $34,000. Root Financial Partners LLC raised its stake in shares of F.N.B. by 66.8% in the 1st quarter. Root Financial Partners LLC now owns 2,047 shares of the bank’s stock valued at $34,000 after purchasing an additional 820 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of 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 purchasing an additional 2,420 shares during the period. Triumph Capital Management acquired a new stake in shares of F.N.B. in the 3rd quarter valued at about $55,000. Finally, Parallel Advisors LLC raised its stake in shares of F.N.B. by 18.9% in the 3rd quarter. Parallel Advisors LLC now owns 4,522 shares of the bank’s stock valued at $73,000 after purchasing an additional 720 shares during the period. Institutional investors and hedge funds own 79.25% of the company’s stock.

F.N.B. Stock Performance

FNB stock opened at $19.24 on Friday. The business’s 50-day moving average price is $17.83 and its two-hundred day moving average price is $17.51. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.29. The firm has a market cap of $6.85 billion, a PE ratio of 11.87, a P/E/G ratio of 0.91 and a beta of 0.84. F.N.B. has a 1-year low of $14.45 and a 1-year high of $19.32.

F.N.B. (NYSE:FNB) last posted its earnings results on Friday, April 17th. The bank reported $0.38 earnings per share for the quarter, hitting the consensus estimate of $0.38. The firm 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 company posted $0.32 earnings per share. As a group, research analysts forecast that F.N.B. will post 1.73 earnings per share for the current year.

F.N.B. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.13 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.52 annualized dividend and a dividend yield of 2.7%. This is a positive change from F.N.B.’s previous quarterly dividend of $0.12. F.N.B.’s dividend payout ratio (DPR) is 32.10%.

F.N.B. Company Profile

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.