F.N.B. Co. (NYSE:FNB) Receives $15.29 Average Price Target from Analysts

F.N.B. Co. (NYSE:FNB) has received a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $15.29.

A number of equities research analysts recently weighed in on FNB shares. StockNews.com lowered shares of F.N.B. from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. Stephens reaffirmed an “overweight” rating and issued a $16.00 price objective on shares of F.N.B. in a report on Thursday, July 18th. Piper Sandler lifted their price objective on shares of F.N.B. from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $16.00 target price on shares of F.N.B. in a research report on Wednesday, June 26th.

F.N.B. Price Performance

NYSE:FNB opened at $14.04 on Monday. The stock has a market cap of $5.05 billion, a PE ratio of 11.32, a P/E/G ratio of 9.98 and a beta of 0.96. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. F.N.B. has a 52 week low of $10.24 and a 52 week high of $15.65. The business’s 50-day simple moving average is $14.38 and its two-hundred day simple moving average is $13.81.

F.N.B. (NYSE:FNB) last announced its earnings results on Wednesday, July 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01). The business had revenue of $403.81 million for the quarter, compared to analysts’ expectations of $408.14 million. F.N.B. had a net margin of 18.27% and a return on equity of 9.04%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.39 earnings per share. As a group, analysts forecast that F.N.B. will post 1.38 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, September 15th. Stockholders of record on Thursday, September 5th will be paid a $0.12 dividend. The ex-dividend date is Thursday, September 5th. This represents a $0.48 annualized dividend and a dividend yield of 3.42%. F.N.B.’s dividend payout ratio (DPR) is 38.71%.

Institutional Trading of F.N.B.

Several institutional investors have recently made changes to their positions in FNB. LRI Investments LLC acquired a new position in F.N.B. in the 1st quarter valued at about $45,000. GAMMA Investing LLC boosted its holdings in F.N.B. by 113.8% in the 2nd quarter. GAMMA Investing LLC now owns 3,314 shares of the bank’s stock valued at $45,000 after purchasing an additional 1,764 shares in the last quarter. Blue Trust Inc. raised its position in F.N.B. by 19.7% in the second quarter. Blue Trust Inc. now owns 9,042 shares of the bank’s stock worth $127,000 after acquiring an additional 1,486 shares in the last quarter. Hart & Patterson Financial Group LLC acquired a new position in F.N.B. during the fourth quarter worth about $140,000. Finally, CIBC Asset Management Inc purchased a new stake in F.N.B. during the second quarter worth $140,000. Hedge funds and other institutional investors own 79.25% of the company’s stock.

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.