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

Shares of F.N.B. Corporation (NYSE:FNB) have received a consensus recommendation of “Buy” from the six ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $20.90.

A number of research analysts have weighed in on the stock. Truist Financial cut their price target on shares of F.N.B. from $21.00 to $20.50 and set a “buy” rating on the stock in a research note on Monday, July 20th. Wall Street Zen raised shares of F.N.B. from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Wells Fargo & Company raised their price objective on shares of F.N.B. from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Bank of America restated a “neutral” rating and set a $19.00 price objective (down from $20.00) on shares of F.N.B. in a report on Monday, July 20th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of F.N.B. in a research note on Friday, September 4th.

F.N.B. Trading Up 0.4%

NYSE FNB opened at $18.25 on Friday. The firm has a market cap of $6.44 billion, a P/E ratio of 10.87, a P/E/G ratio of 1.16 and a beta of 0.84. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.92 and a quick ratio of 0.91. The stock’s 50-day moving average is $18.83 and its 200-day moving average is $17.95. F.N.B. has a one year low of $14.45 and a one year high of $19.59.

F.N.B. (NYSE:FNB) last released its quarterly earnings data on Friday, July 17th. The bank reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. F.N.B. had a return on equity of 9.10% and a net margin of 22.29%.The business had revenue of $463.00 million for the quarter, compared to analysts’ expectations of $467.13 million. During the same quarter in the previous year, the business posted $0.36 EPS. Sell-side analysts anticipate that F.N.B. will post 1.69 earnings per share for the current fiscal year.

F.N.B. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.52 annualized dividend and a dividend yield of 2.8%. F.N.B.’s dividend payout ratio (DPR) is currently 30.95%.

Insider Buying and Selling at F.N.B.

In related news, insider Bryant Mitchell David sold 4,055 shares of the stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $19.25, for a total transaction of $78,058.75. Following the completion of the transaction, the insider directly owned 144,283 shares in the company, valued at approximately $2,777,447.75. This trade represents a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On F.N.B.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hillsdale Investment Management Inc. bought a new position in shares of F.N.B. during the 1st quarter worth approximately $3,381,000. Rhino Investment Partners Inc lifted its position in shares of F.N.B. by 47.8% in the first quarter. Rhino Investment Partners Inc now owns 1,207,418 shares of the bank’s stock worth $20,188,000 after purchasing an additional 390,526 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of F.N.B. by 585.2% in the first quarter. SG Americas Securities LLC now owns 358,244 shares of the bank’s stock worth $5,990,000 after purchasing an additional 305,961 shares in the last quarter. Wellington Management Group LLP boosted its holdings in F.N.B. by 12.5% during the second quarter. Wellington Management Group LLP now owns 1,318,016 shares of the bank’s stock worth $25,148,000 after purchasing an additional 146,571 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in F.N.B. by 35.9% during the second quarter. Handelsbanken Fonder AB now owns 126,431 shares of the bank’s stock worth $2,412,000 after purchasing an additional 33,400 shares during the last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.

About F.N.B.

F.N.B. Corporation is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. It operates primarily through its banking subsidiary, First National Bank of Pennsylvania, which provides services to consumers, businesses, and institutional clients.

The company offers a broad range of banking products and services, including checking and savings accounts, consumer lending, residential and commercial real estate financing, business loans, treasury management, and wealth management.