F.N.B. Corporation (NYSE:FNB) Receives $19.00 Consensus Target Price from Analysts

Shares of F.N.B. Corporation (NYSE:FNB) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $19.00.

Several research firms recently commented on FNB. Piper Sandler assumed coverage on F.N.B. in a report on Wednesday, December 3rd. They issued an “overweight” rating and a $19.00 price target for the company. Truist Financial upped their target price on F.N.B. from $18.00 to $18.50 and gave the company a “buy” rating in a report on Monday, October 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of F.N.B. in a report on Monday. Finally, DA Davidson cut shares of F.N.B. from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th.

Insider Activity at F.N.B.

In other news, insider Gary L. Guerrieri sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $17.67, for a total transaction of $265,050.00. Following the completion of the sale, the insider owned 279,883 shares in the company, valued at $4,945,532.61. This trade represents a 5.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James L. Dutey sold 40,000 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $16.75, for a total value of $670,000.00. Following the completion of the transaction, the insider owned 49,936 shares of the company’s stock, valued at $836,428. The trade was a 44.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.37% of the company’s stock.

Institutional Trading of F.N.B.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its holdings in F.N.B. by 3,723.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the bank’s stock valued at $36,000 after buying an additional 2,420 shares during the period. AlphaQuest LLC increased its position in shares of F.N.B. by 82.2% during the first quarter. AlphaQuest LLC now owns 3,295 shares of the bank’s stock valued at $44,000 after acquiring an additional 1,487 shares during the last quarter. Triumph Capital Management purchased a new stake in shares of F.N.B. in the 3rd quarter valued at approximately $55,000. Parallel Advisors LLC raised its stake in shares of F.N.B. by 22.8% in the 2nd quarter. Parallel Advisors LLC now owns 3,802 shares of the bank’s stock valued at $55,000 after acquiring an additional 706 shares during the period. Finally, Danske Bank A S acquired a new position in shares of F.N.B. in the 3rd quarter worth approximately $85,000. 79.25% of the stock is owned by institutional investors and hedge funds.

F.N.B. Stock Performance

NYSE:FNB opened at $17.09 on Friday. The company has a market cap of $6.12 billion, a P/E ratio of 12.30, a P/E/G ratio of 0.88 and a beta of 0.91. F.N.B. has a twelve month low of $10.88 and a twelve month high of $17.93. The company’s 50-day moving average price is $16.59 and its 200-day moving average price is $15.99. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.32.

F.N.B. (NYSE:FNB) last released its quarterly earnings data on Thursday, June 20th. The bank reported $0.40 EPS for the quarter. The company had revenue of $419.30 million during the quarter. F.N.B. had a net margin of 19.23% and a return on equity of 8.22%. On average, sell-side analysts forecast that F.N.B. will post 1.45 earnings per share for the current fiscal year.

F.N.B. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.8%. The ex-dividend date was Monday, December 1st. F.N.B.’s payout ratio is presently 34.53%.

About F.N.B.

F.N.B. Corporation is a bank holding company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, FNB Bank, the company provides a broad range of commercial and consumer financial services. Founded in 1864 as the First National Bank of Pennsylvania, F.N.B. has grown through both organic expansion and strategic acquisitions to become a regional banking franchise.

The company’s main business activities include traditional deposit-taking and lending services, such as checking and savings accounts, mortgages, home equity lines of credit, and consumer and commercial loans.