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

F.N.B. Corporation (NYSE:FNB) has been assigned a consensus rating of “Buy” from the six brokerages that are covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a buy rating. The average 12 month price objective among analysts that have covered the stock in the last year is $19.60.

FNB has been the subject of several recent analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $21.00 price objective (up from $20.00) on shares of F.N.B. in a research note on Thursday, January 22nd. Truist Financial increased their target price on shares of F.N.B. from $19.00 to $19.50 and gave the company a “buy” rating in a report on Thursday, January 22nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of F.N.B. in a research report on Monday, December 29th.

F.N.B. Price Performance

F.N.B. stock opened at $16.06 on Friday. The company has a market cap of $5.74 billion, a P/E ratio of 10.29, a price-to-earnings-growth ratio of 0.73 and a beta of 0.90. F.N.B. has a one year low of $10.88 and a one year high of $19.14. The business has a fifty day moving average of $17.57 and a two-hundred day moving average of $16.79. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.90 and a current ratio of 0.92.

F.N.B. (NYSE:FNB) last posted its quarterly earnings results on Wednesday, January 21st. The bank reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.09. F.N.B. had a net margin of 20.98% and a return on equity of 8.76%. The business had revenue of $457.78 million for the quarter, compared to analysts’ expectations of $457.87 million. During the same period in the prior year, the company posted $0.30 EPS. As a group, analysts predict that F.N.B. will post 1.45 earnings per share for the current fiscal year.

F.N.B. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.48 annualized dividend and a yield of 3.0%. F.N.B.’s payout ratio is currently 30.77%.

Institutional Trading of F.N.B.

A number of institutional investors have recently bought and sold shares of FNB. Goldman Sachs Group Inc. increased its position in shares of F.N.B. by 77.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,513,248 shares of the bank’s stock valued at $20,353,000 after buying an additional 660,387 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of F.N.B. by 454.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 220,357 shares of the bank’s stock worth $3,550,000 after buying an additional 180,610 shares in the last quarter. Horizon Investments LLC acquired a new stake in F.N.B. in the 4th quarter valued at about $2,182,000. Tradewinds LLC. purchased a new position in F.N.B. during the 3rd quarter valued at about $1,444,000. Finally, Pacer Advisors Inc. purchased a new position in F.N.B. during the 3rd quarter valued at about $1,097,000. 79.25% of the stock is currently owned by hedge funds and other institutional investors.

F.N.B. Company Profile

F.N.B. Corporation is a bank holding company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, FNB Bank, the company provides a broad range of commercial and consumer financial services. Founded in 1864 as the First National Bank of Pennsylvania, F.N.B. has grown through both organic expansion and strategic acquisitions to become a regional banking franchise.

The company’s main business activities include traditional deposit-taking and lending services, such as checking and savings accounts, mortgages, home equity lines of credit, and consumer and commercial loans.