F.N.B. Corporation (NYSE:FNB) Receives Consensus Recommendation of “Buy” from Analysts

F.N.B. Corporation (NYSE:FNB) has been given a consensus recommendation of “Buy” by the six analysts that are covering the company, Marketbeat.com reports. Six analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $19.60.

Several brokerages have recently issued reports on FNB. Truist Financial lifted their price target on F.N.B. from $19.00 to $19.50 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of F.N.B. in a research note on Monday, December 29th. Finally, Piper Sandler reissued an “overweight” rating and set a $21.00 target price (up previously from $20.00) on shares of F.N.B. in a research note on Thursday, January 22nd.

Insider Activity at F.N.B.

In other news, insider James L. Dutey sold 40,000 shares of the stock in a transaction 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 directly owned 49,936 shares in the company, valued at approximately $836,428. This represents a 44.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gary L. Guerrieri sold 15,000 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $17.67, for a total value of $265,050.00. Following the sale, the insider directly owned 279,883 shares in the company, valued at approximately $4,945,532.61. This trade represents a 5.09% decrease in their position. The SEC filing for this sale provides additional information. 1.37% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On F.N.B.

Institutional investors and hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its stake in shares of F.N.B. by 77.4% during the first quarter. Goldman Sachs Group Inc. now owns 1,513,248 shares of the bank’s stock valued at $20,353,000 after purchasing an additional 660,387 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in F.N.B. by 5.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,049,241 shares of the bank’s stock worth $14,112,000 after acquiring an additional 58,672 shares during the last quarter. Congress Asset Management Co. increased its position in F.N.B. by 2.6% in the 4th quarter. Congress Asset Management Co. now owns 466,393 shares of the bank’s stock valued at $7,975,000 after acquiring an additional 11,841 shares during the period. Royal Bank of Canada raised its stake in shares of F.N.B. by 11.6% during the first quarter. Royal Bank of Canada now owns 274,466 shares of the bank’s stock valued at $3,692,000 after acquiring an additional 28,570 shares during the last quarter. Finally, Stanley Laman Group Ltd. lifted its holdings in shares of F.N.B. by 1.5% during the fourth quarter. Stanley Laman Group Ltd. now owns 238,818 shares of the bank’s stock worth $4,084,000 after purchasing an additional 3,589 shares during the period. Institutional investors and hedge funds own 79.25% of the company’s stock.

F.N.B. Stock Performance

Shares of F.N.B. stock opened at $18.33 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.90 and a debt-to-equity ratio of 0.28. The company has a market cap of $6.57 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 0.82 and a beta of 0.92. The company has a 50 day moving average of $17.72 and a 200-day moving average of $16.65. F.N.B. has a 1-year low of $10.88 and a 1-year high of $19.14.

F.N.B. (NYSE:FNB) last announced its quarterly earnings data on Tuesday, January 20th. The bank reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.09. F.N.B. had a net margin of 20.98% and a return on equity of 8.76%. The business had revenue of $457.78 million for the quarter, compared to analysts’ expectations of $457.87 million. During the same period last year, the firm posted $0.30 earnings per share. As a group, equities research analysts forecast that F.N.B. will post 1.45 earnings per share for the current fiscal year.

F.N.B. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, March 2nd. F.N.B.’s dividend payout ratio is currently 30.77%.

F.N.B. Company Profile

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.