F.N.B. Corporation (NYSE:FNB) Stock Has Consensus Price Target of $20.75

F.N.B. Corporation (NYSE:FNB) has been given an average recommendation of “Moderate Buy” by the seven research firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $20.58.

Several research analysts recently issued reports on FNB shares. Wells Fargo & Company decreased their price target on shares of F.N.B. from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Tuesday. Truist Financial dropped their price objective on shares of F.N.B. from $21.00 to $20.50 and set a “buy” rating on the stock in a research note on Monday, July 20th. Wall Street Zen upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Bank of America reaffirmed a “neutral” rating and set a $19.00 target price (down from $20.00) on shares of F.N.B. in a research note on Monday, July 20th. Finally, UBS Group initiated coverage on shares of F.N.B. in a report on Monday, September 14th. They set a “neutral” rating and a $20.00 target price for the company.

Insiders Place Their Bets

In other F.N.B. news, insider Bryant Mitchell David sold 4,055 shares of F.N.B. stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $19.25, for a total transaction of $78,058.75. Following the completion of the transaction, the insider owned 144,283 shares in the company, valued at approximately $2,777,447.75. The trade was a 2.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On F.N.B.

Institutional investors have recently modified their holdings of the stock. Stonebridge Financial Group LLC increased its position in shares of F.N.B. by 1.2% during the 3rd quarter. Stonebridge Financial Group LLC now owns 59,582 shares of the bank’s stock valued at $1,025,000 after purchasing an additional 688 shares during the last quarter. Root Financial Partners LLC boosted its holdings in shares of F.N.B. by 66.8% in the first quarter. Root Financial Partners LLC now owns 2,047 shares of the bank’s stock worth $34,000 after buying an additional 820 shares during the last quarter. Versant Capital Management Inc grew its position in F.N.B. by 9.7% during the second quarter. Versant Capital Management Inc now owns 11,861 shares of the bank’s stock valued at $226,000 after buying an additional 1,044 shares during the period. Parkside Financial Bank & Trust grew its position in F.N.B. by 50.7% during the second quarter. Parkside Financial Bank & Trust now owns 3,289 shares of the bank’s stock valued at $63,000 after buying an additional 1,106 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in F.N.B. by 61.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,602 shares of the bank’s stock valued at $62,000 after buying an additional 1,369 shares during the period. 79.25% of the stock is owned by hedge funds and other institutional investors.

F.N.B. Price Performance

Shares of FNB stock opened at $17.26 on Tuesday. The business’s fifty day moving average is $18.47 and its 200 day moving average is $18.04. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.29. The stock has a market cap of $6.09 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 1.09 and a beta of 0.87. F.N.B. has a twelve month low of $14.45 and a twelve month high of $19.59.

F.N.B. (NYSE:FNB) last announced its quarterly earnings data on Friday, July 17th. The bank reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. F.N.B. had a return on equity of 9.10% and a net margin of 22.29%.The business had revenue of $463.00 million during the quarter, compared to analyst estimates of $467.13 million. During the same quarter last year, the firm posted $0.36 earnings per share. Research analysts expect that F.N.B. will post 1.69 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, September 1st. F.N.B.’s dividend payout ratio (DPR) is 30.95%.

About F.N.B.

F.N.B. Corporation (NYSE:FNB) is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, First National Bank, the company provides banking and related financial services to consumers, businesses, government entities and institutions.

FNB’s products and services include checking and savings accounts, consumer and residential lending, commercial loans, treasury management, electronic banking and credit-related services. The company also offers wealth management, trust and investment services, insurance solutions and capital markets services through specialized business units.

First National Bank traces its history to 1864, when it was established in Greenville, Pennsylvania.