Keefe, Bruyette & Woods Reiterates “Market Perform” Rating for F.N.B. (NYSE:FNB)

Keefe, Bruyette & Woods restated their market perform rating on shares of F.N.B. (NYSE:FNB) in a report released on Wednesday, Marketbeat Ratings reports. The firm currently has a $16.00 target price on the bank’s stock.

Other research analysts also recently issued research reports about the company. Stephens cut their price target on F.N.B. from $16.00 to $15.00 and set an overweight rating for the company in a research note on Friday, April 19th. StockNews.com raised F.N.B. from a sell rating to a hold rating in a research note on Monday, May 27th. Finally, Wells Fargo & Company lifted their price target on F.N.B. from $14.00 to $16.00 and gave the stock an overweight rating in a research note on Wednesday, April 10th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $15.14.

F.N.B. Trading Up 3.2 %

NYSE:FNB opened at $13.68 on Wednesday. The stock has a fifty day moving average price of $13.53 and a two-hundred day moving average price of $13.49. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 9.47 and a beta of 0.99. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.91 and a current ratio of 0.92. F.N.B. has a 1 year low of $10.24 and a 1 year high of $14.39.

F.N.B. (NYSE:FNB) last released its quarterly earnings results on Thursday, April 18th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. The business had revenue of $406.87 million during the quarter, compared to the consensus estimate of $406.96 million. F.N.B. had a return on equity of 9.51% and a net margin of 19.73%. During the same quarter in the previous year, the company posted $0.40 EPS. As a group, sell-side analysts anticipate that F.N.B. will post 1.4 earnings per share for the current fiscal year.

F.N.B. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, June 15th. Investors of record on Thursday, June 6th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend was Thursday, June 6th. F.N.B.’s dividend payout ratio is presently 38.71%.

Insider Buying and Selling

In related news, Director William B. Campbell acquired 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was purchased at an average price of $13.48 per share, for a total transaction of $33,700.00. Following the transaction, the director now owns 149,458 shares in the company, valued at approximately $2,014,693.84. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.03% of the stock is currently owned by company insiders.

Institutional Trading of F.N.B.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in F.N.B. by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 39,346,808 shares of the bank’s stock valued at $541,806,000 after buying an additional 156,120 shares during the period. Dimensional Fund Advisors LP grew its holdings in F.N.B. by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 21,292,019 shares of the bank’s stock valued at $293,193,000 after buying an additional 136,104 shares during the period. American Century Companies Inc. grew its holdings in F.N.B. by 5.9% in the 3rd quarter. American Century Companies Inc. now owns 12,474,225 shares of the bank’s stock valued at $134,597,000 after buying an additional 694,059 shares during the period. Principal Financial Group Inc. grew its holdings in F.N.B. by 1.0% in the 1st quarter. Principal Financial Group Inc. now owns 4,969,587 shares of the bank’s stock valued at $70,071,000 after buying an additional 48,336 shares during the period. Finally, Norges Bank purchased a new stake in shares of F.N.B. during the 4th quarter worth about $49,533,000. Hedge funds and other institutional investors 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.