F.N.B. Co. (NYSE:FNB – Get Free Report) has received an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $15.29.
A number of equities analysts have recently issued reports on FNB shares. StockNews.com cut F.N.B. from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. Piper Sandler increased their price target on shares of F.N.B. from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $16.00 price objective on shares of F.N.B. in a report on Wednesday, June 26th. Finally, Stephens reaffirmed an “overweight” rating and set a $16.00 target price on shares of F.N.B. in a report on Thursday, July 18th.
Read Our Latest Stock Report on FNB
F.N.B. Trading Up 1.5 %
F.N.B. (NYSE:FNB – Get Free Report) last posted its quarterly earnings data on Wednesday, July 17th. The bank reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01). F.N.B. had a net margin of 18.27% and a return on equity of 9.04%. The company had revenue of $403.81 million for the quarter, compared to analysts’ expectations of $408.14 million. During the same quarter last year, the business posted $0.39 EPS. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. Sell-side analysts forecast that F.N.B. will post 1.39 earnings per share for the current fiscal year.
F.N.B. Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Sunday, September 15th. Investors of record on Thursday, September 5th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Thursday, September 5th. F.N.B.’s payout ratio is 38.71%.
Hedge Funds Weigh In On F.N.B.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Vestor Capital LLC purchased a new position in F.N.B. during the 4th quarter valued at about $42,000. LRI Investments LLC purchased a new position in shares of F.N.B. during the first quarter valued at approximately $45,000. GAMMA Investing LLC raised its holdings in shares of F.N.B. by 113.8% during the second quarter. GAMMA Investing LLC now owns 3,314 shares of the bank’s stock valued at $45,000 after acquiring an additional 1,764 shares in the last quarter. Hexagon Capital Partners LLC lifted its stake in F.N.B. by 272.9% in the fourth quarter. Hexagon Capital Partners LLC now owns 3,882 shares of the bank’s stock worth $53,000 after acquiring an additional 2,841 shares during the period. Finally, Blue Trust Inc. boosted its holdings in F.N.B. by 19.7% in the second quarter. Blue Trust Inc. now owns 9,042 shares of the bank’s stock valued at $127,000 after acquiring an additional 1,486 shares in the last quarter. 79.25% of the stock is owned by institutional investors.
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.
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