F.N.B. Co. (NYSE:FNB) Given Average Rating of “Moderate Buy” by Analysts

F.N.B. Co. (NYSE:FNB) has received an average recommendation of “Moderate Buy” from the five research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $18.00.

FNB has been the subject of a number of analyst reports. Raymond James raised their price objective on F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Keefe, Bruyette & Woods raised their price target on shares of F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Wells Fargo & Company reduced their price objective on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Piper Sandler reissued an “overweight” rating on shares of F.N.B. in a research note on Friday, October 18th. Finally, Stephens boosted their target price on shares of F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, October 21st.

Insider Activity at F.N.B.

In related news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $16.50, for a total value of $2,062,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,652,229 shares of the company’s stock, valued at $27,261,778.50. The trade was a 7.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.03% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On F.N.B.

A number of hedge funds have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its holdings in shares of F.N.B. by 11.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 61,751 shares of the bank’s stock worth $845,000 after purchasing an additional 6,412 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of F.N.B. by 23.4% in the second quarter. Victory Capital Management Inc. now owns 125,280 shares of the bank’s stock valued at $1,714,000 after buying an additional 23,764 shares in the last quarter. Meeder Advisory Services Inc. acquired a new position in shares of F.N.B. during the second quarter valued at about $162,000. GHP Investment Advisors Inc. increased its position in shares of F.N.B. by 2.5% during the second quarter. GHP Investment Advisors Inc. now owns 95,079 shares of the bank’s stock worth $1,301,000 after acquiring an additional 2,279 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of F.N.B. by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank’s stock worth $303,361,000 after acquiring an additional 647,335 shares during the last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.

F.N.B. Price Performance

FNB stock opened at $15.34 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 0.93. F.N.B. has a 52-week low of $12.49 and a 52-week high of $17.70. The company has a market capitalization of $5.51 billion, a P/E ratio of 14.07, a PEG ratio of 4.41 and a beta of 1.01. The company has a fifty day moving average price of $15.78 and a 200-day moving average price of $14.81.

F.N.B. (NYSE:FNB) last announced its earnings results on Thursday, October 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). F.N.B. had a return on equity of 8.49% and a net margin of 16.29%. The company had revenue of $413.02 million for the quarter, compared to the consensus estimate of $409.80 million. As a group, equities analysts expect that F.N.B. will post 1.34 EPS for the current year.

F.N.B. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd were paid a $0.12 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.48 annualized dividend and a dividend yield of 3.13%. F.N.B.’s dividend payout ratio is currently 44.04%.

F.N.B. Company Profile

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.