F.N.B. (NYSE:FNB) Price Target Cut to $15.00 by Analysts at Stephens

F.N.B. (NYSE:FNB) had its target price decreased by Stephens from $16.00 to $15.00 in a research note released on Friday, Benzinga reports. Stephens currently has an overweight rating on the bank’s stock.

Several other research analysts also recently commented on the company. Wells Fargo & Company raised their price objective on F.N.B. from $14.00 to $16.00 and gave the stock an overweight rating in a report on Wednesday, April 10th. StockNews.com downgraded F.N.B. from a hold rating to a sell rating in a report on Friday, February 16th. Bank of America initiated coverage on F.N.B. in a report on Thursday, January 11th. They set a buy rating and a $15.00 price objective on the stock. Finally, Raymond James raised their price objective on F.N.B. from $14.00 to $16.00 and gave the stock an outperform rating in a report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, F.N.B. currently has a consensus rating of Moderate Buy and a consensus target price of $15.00.

F.N.B. Price Performance

Shares of FNB stock opened at $13.13 on Friday. F.N.B. has a 52-week low of $10.09 and a 52-week high of $14.19. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.90 and a current ratio of 0.92. The firm has a market capitalization of $4.72 billion, a P/E ratio of 10.59, a P/E/G ratio of 8.78 and a beta of 1.02. The stock has a 50 day moving average price of $13.45 and a 200 day moving average price of $12.74.

F.N.B. (NYSE:FNB) last issued its quarterly earnings results on Thursday, April 18th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. F.N.B. had a return on equity of 9.51% and a net margin of 19.73%. The firm had revenue of $406.87 million during the quarter, compared to analyst estimates of $406.96 million. During the same period last year, the company earned $0.40 EPS. As a group, sell-side analysts predict that F.N.B. will post 1.45 earnings per share for the current year.

F.N.B. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Wednesday, March 6th were issued a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.66%. F.N.B.’s dividend payout ratio is presently 38.71%.

Insider Activity

In related news, Director William B. Campbell purchased 2,500 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were acquired at an average cost of $13.41 per share, for a total transaction of $33,525.00. Following the acquisition, the director now owns 145,388 shares of the company’s stock, valued at approximately $1,949,653.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.03% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP grew its stake in F.N.B. by 20.3% during the 3rd quarter. Wellington Management Group LLP now owns 2,449,816 shares of the bank’s stock worth $26,434,000 after buying an additional 413,698 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in F.N.B. by 479.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 112,574 shares of the bank’s stock worth $1,215,000 after buying an additional 93,159 shares during the last quarter. Hsbc Holdings PLC grew its stake in F.N.B. by 663.2% during the 3rd quarter. Hsbc Holdings PLC now owns 233,439 shares of the bank’s stock worth $2,523,000 after buying an additional 202,853 shares during the last quarter. Cardinal Capital Management grew its stake in F.N.B. by 1.6% during the 4th quarter. Cardinal Capital Management now owns 100,537 shares of the bank’s stock worth $1,384,000 after buying an additional 1,627 shares during the last quarter. Finally, Sei Investments Co. grew its stake in F.N.B. by 3.9% during the 3rd quarter. Sei Investments Co. now owns 1,230,885 shares of the bank’s stock worth $13,281,000 after buying an additional 45,834 shares during the last quarter. 79.25% of the stock is currently owned by hedge funds and other 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.