F.N.B. Co. (NYSE:FNB) Given Average Recommendation of “Moderate Buy” by Analysts

F.N.B. Co. (NYSE:FNB) 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.

F.N.B. Trading Up 1.5 %

Shares of FNB opened at $14.33 on Thursday. F.N.B. has a 1-year low of $10.24 and a 1-year high of $15.65. The company has a market capitalization of $5.15 billion, a P/E ratio of 11.55, a P/E/G ratio of 10.54 and a beta of 0.98. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.91. The firm’s 50 day simple moving average is $13.93 and its 200 day simple moving average is $13.67.

F.N.B. (NYSE:FNB) 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.