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

F.N.B. Co. (NYSE:FNB) has received an average rating of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $15.29.

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

Institutional Investors Weigh In On F.N.B.

Large investors have recently added to or reduced their stakes in the stock. LRI Investments LLC bought a new stake in shares of F.N.B. during the 1st quarter valued at $45,000. GAMMA Investing LLC lifted its position in F.N.B. by 113.8% during the second quarter. GAMMA Investing LLC now owns 3,314 shares of the bank’s stock worth $45,000 after purchasing an additional 1,764 shares during the period. Blue Trust Inc. grew its stake in F.N.B. by 19.7% during the second quarter. Blue Trust Inc. now owns 9,042 shares of the bank’s stock worth $127,000 after buying an additional 1,486 shares in the last quarter. Hart & Patterson Financial Group LLC bought a new position in F.N.B. in the 4th quarter valued at about $140,000. Finally, CIBC Asset Management Inc bought a new stake in shares of F.N.B. during the 2nd quarter worth approximately $140,000. Institutional investors and hedge funds own 79.25% of the company’s stock.

F.N.B. Stock Performance

Shares of FNB stock opened at $13.66 on Friday. The company has a fifty day moving average price of $14.11 and a two-hundred day moving average price of $13.87. F.N.B. has a one year low of $10.24 and a one year high of $15.65. The stock has a market cap of $4.91 billion, a P/E ratio of 11.02, a P/E/G ratio of 10.27 and a beta of 0.96. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.91.

F.N.B. (NYSE:FNB) last issued 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 firm had revenue of $403.81 million during the quarter, compared to analyst estimates of $408.14 million. F.N.B. had a net margin of 18.27% and a return on equity of 9.04%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the business posted $0.39 earnings per share. As a group, equities analysts predict that F.N.B. will post 1.38 EPS for the current year.

F.N.B. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Thursday, September 5th were given a dividend of $0.12 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.51%. F.N.B.’s payout ratio is presently 38.71%.

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.