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

F.N.B. Co. (NYSE:FNB) has been given an average rating of “Moderate Buy” by the five brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $18.00.

A number of equities analysts recently issued reports on FNB shares. Stephens increased their price objective on F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. StockNews.com raised F.N.B. from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Raymond James upped their price objective on shares of F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Wells Fargo & Company lowered their target price 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. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a research note on Friday, October 18th.

Insider Buying and Selling

In other news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $16.50, for a total transaction of $2,062,500.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.03% of the company’s stock.

Hedge Funds Weigh In On F.N.B.

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

F.N.B. Price Performance

Shares of FNB opened at $14.28 on Friday. F.N.B. has a 12 month low of $12.49 and a 12 month high of $17.70. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.92. The stock has a fifty day moving average price of $15.79 and a 200 day moving average price of $14.78. The company has a market cap of $5.13 billion, a P/E ratio of 13.10 and a beta of 1.01.

F.N.B. (NYSE:FNB) last released its quarterly earnings data on Thursday, October 17th. The bank reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The firm had revenue of $413.02 million during the quarter, compared to analyst estimates of $409.80 million. F.N.B. had a return on equity of 8.49% and a net margin of 16.29%. On average, research analysts forecast that F.N.B. will post 1.34 earnings per share for the current year.

F.N.B. Announces Dividend

The firm 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 3.36%. F.N.B.’s dividend payout ratio is currently 44.04%.

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.