F.N.B. Corporation (NYSE:FNB) Given Consensus Rating of “Buy” by Brokerages

Shares of F.N.B. Corporation (NYSE:FNB) have received an average rating of “Buy” from the six brokerages that are presently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokers that have covered the stock in the last year is $19.60.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. State of Tennessee Department of Treasury boosted its holdings in F.N.B. by 3.8% in the 4th quarter. State of Tennessee Department of Treasury now owns 175,396 shares of the bank’s stock valued at $3,078,000 after purchasing an additional 6,402 shares in the last quarter. Russell Investments Group Ltd. increased its position in F.N.B. by 7.0% during the 4th quarter. Russell Investments Group Ltd. now owns 163,926 shares of the bank’s stock worth $2,805,000 after purchasing an additional 10,727 shares during the period. Captrust Financial Advisors raised its stake in shares of F.N.B. by 7.4% during the 4th quarter. Captrust Financial Advisors now owns 98,869 shares of the bank’s stock worth $1,691,000 after buying an additional 6,821 shares in the last quarter. Brooklyn Investment Group raised its stake in shares of F.N.B. by 53.2% during the 4th quarter. Brooklyn Investment Group now owns 63,101 shares of the bank’s stock worth $1,098,000 after buying an additional 21,901 shares in the last quarter. Finally, Syon Capital LLC lifted its holdings in shares of F.N.B. by 22.6% in the 4th quarter. Syon Capital LLC now owns 38,084 shares of the bank’s stock valued at $651,000 after buying an additional 7,014 shares during the period. 79.25% of the stock is currently owned by institutional investors and hedge funds.

F.N.B. Price Performance

Shares of FNB opened at $16.06 on Friday. F.N.B. has a fifty-two week low of $10.88 and a fifty-two week high of $19.14. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 10.29, a price-to-earnings-growth ratio of 0.73 and a beta of 0.90. The firm has a 50-day simple moving average of $17.57 and a 200-day simple moving average of $16.79. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.90 and a current ratio of 0.92.

F.N.B. (NYSE:FNB) last issued its quarterly earnings results on Wednesday, January 21st. The bank reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.09. The firm had revenue of $457.78 million for the quarter, compared to analysts’ expectations of $457.87 million. F.N.B. had a return on equity of 8.76% and a net margin of 20.98%.During the same quarter in the previous year, the firm posted $0.30 EPS. On average, equities research analysts anticipate that F.N.B. will post 1.45 earnings per share for the current year.

F.N.B. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Monday, March 2nd. F.N.B.’s dividend payout ratio (DPR) is 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.