Keefe, Bruyette & Woods restated their hold rating on shares of F.N.B. Corporation (NYSE:FNB) in a report published on Tuesday morning. Keefe, Bruyette & Woods currently has a $15.00 price target on the bank’s stock.

FNB has been the topic of several other research reports. BidaskClub lowered F.N.B. Corporation from a sell rating to a strong sell rating in a report on Friday, August 18th. Zacks Investment Research upgraded F.N.B. Corporation from a sell rating to a hold rating in a report on Monday. Royal Bank Of Canada restated a hold rating and set a $15.00 price objective on shares of F.N.B. Corporation in a report on Friday, September 8th. Jefferies Group LLC reaffirmed a buy rating and set a $18.00 target price on shares of F.N.B. Corporation in a research report on Friday, August 11th. Finally, Boenning Scattergood raised F.N.B. Corporation from a neutral rating to an outperform rating in a research report on Monday, August 28th. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $17.45.

F.N.B. Corporation (NYSE FNB) traded down 0.36% during mid-day trading on Tuesday, hitting $13.97. 221,281 shares of the stock were exchanged. F.N.B. Corporation has a 1-year low of $12.02 and a 1-year high of $16.43. The stock has a 50 day moving average price of $13.02 and a 200 day moving average price of $13.79. The company has a market capitalization of $4.49 billion, a PE ratio of 17.98 and a beta of 0.97.

F.N.B. Corporation (NYSE:FNB) last issued its earnings results on Thursday, July 20th. The bank reported $0.23 EPS for the quarter, meeting analysts’ consensus estimates of $0.23. F.N.B. Corporation had a return on equity of 6.97% and a net margin of 19.43%. The business had revenue of $284.50 million during the quarter, compared to analyst estimates of $294.39 million. During the same period in the previous year, the company posted $0.22 EPS. The firm’s revenue was up 24.8% compared to the same quarter last year. On average, equities analysts anticipate that F.N.B. Corporation will post $0.95 earnings per share for the current fiscal year.

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The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.42%. F.N.B. Corporation’s dividend payout ratio is presently 61.54%.

In related news, Director Frank C. Mencini purchased 2,500 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was acquired at an average cost of $13.57 per share, with a total value of $33,925.00. Following the transaction, the director now owns 19,977 shares of the company’s stock, valued at approximately $271,087.89. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William B. Campbell sold 3,000 shares of the firm’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $13.90, for a total value of $41,700.00. Following the transaction, the director now owns 84,370 shares in the company, valued at $1,172,743. The disclosure for this sale can be found here. Corporate insiders own 1.21% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of FNB. BlackRock Inc. grew its stake in shares of F.N.B. Corporation by 25,256.7% in the 1st quarter. BlackRock Inc. now owns 36,800,404 shares of the bank’s stock worth $547,224,000 after acquiring an additional 36,655,273 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of F.N.B. Corporation by 3.0% in the second quarter. Vanguard Group Inc. now owns 27,139,637 shares of the bank’s stock valued at $384,298,000 after purchasing an additional 781,511 shares during the last quarter. State Street Corp raised its holdings in shares of F.N.B. Corporation by 3.2% in the second quarter. State Street Corp now owns 18,107,627 shares of the bank’s stock valued at $256,409,000 after purchasing an additional 555,996 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of F.N.B. Corporation by 21.8% in the first quarter. Dimensional Fund Advisors LP now owns 15,455,870 shares of the bank’s stock valued at $229,830,000 after purchasing an additional 2,768,360 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its holdings in shares of F.N.B. Corporation by 16.6% in the second quarter. Neuberger Berman Group LLC now owns 11,400,820 shares of the bank’s stock valued at $161,436,000 after purchasing an additional 1,620,392 shares during the last quarter. 76.41% of the stock is currently owned by hedge funds and other institutional investors.

F.N.B. Corporation Company Profile

F.N.B. Corporation is a financial holding company. The Company operates through four segments: Community Banking, Wealth Management, Insurance and Consumer Finance. Its Community Banking segment consists of First National Bank of Pennsylvania (FNBPA), which offers services, including commercial and individual demand, savings and time deposit accounts and commercial, mortgage and individual installment loans.

Analyst Recommendations for F.N.B. Corporation (NYSE:FNB)

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