F.N.B. Corporation (NYSE:FNB) Stock Has Average Target Price of $20.29 According to Analysts

Shares of F.N.B. Corporation (NYSE:FNB) have been given an average recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $20.29.

FNB has been the topic of several analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of F.N.B. in a research report on Friday, September 4th. Truist Financial lowered their price target on F.N.B. from $20.50 to $19.00 and set a “buy” rating on the stock in a report on Friday, October 9th. Raymond James Financial set a $20.00 price objective on shares of F.N.B. in a research note on Wednesday, October 21st. UBS Group assumed coverage on shares of F.N.B. in a report on Monday, September 14th. They issued a “neutral” rating and a $20.00 price objective for the company. Finally, Wall Street Zen upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th.

Insider Buying and Selling at F.N.B.

In other news, insider Bryant Mitchell David sold 4,055 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $19.25, for a total value of $78,058.75. Following the completion of the transaction, the insider directly owned 144,283 shares in the company, valued at $2,777,447.75. This trade represents a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On F.N.B.

A number of institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in F.N.B. by 12.5% during the 2nd quarter. Wellington Management Group LLP now owns 1,318,016 shares of the bank’s stock valued at $25,148,000 after purchasing an additional 146,571 shares in the last quarter. Rhino Investment Partners Inc raised its stake in shares of F.N.B. by 47.8% in the 1st quarter. Rhino Investment Partners Inc now owns 1,207,418 shares of the bank’s stock worth $20,188,000 after buying an additional 390,526 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of F.N.B. by 758.2% in the third quarter. Assenagon Asset Management S.A. now owns 922,134 shares of the bank’s stock valued at $15,870,000 after buying an additional 814,690 shares during the period. HighTower Advisors LLC lifted its holdings in shares of F.N.B. by 0.3% in the second quarter. HighTower Advisors LLC now owns 620,845 shares of the bank’s stock valued at $11,846,000 after buying an additional 1,657 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in shares of F.N.B. by 5.5% in the second quarter. Hsbc Holdings PLC now owns 482,010 shares of the bank’s stock valued at $9,233,000 after buying an additional 25,141 shares during the period. 79.25% of the stock is currently owned by institutional investors and hedge funds.

F.N.B. Price Performance

NYSE FNB opened at $18.33 on Friday. The company has a 50-day moving average price of $17.90 and a two-hundred day moving average price of $17.87. F.N.B. has a 52 week low of $15.21 and a 52 week high of $19.59. The stock has a market cap of $6.47 billion, a price-to-earnings ratio of 10.78, a price-to-earnings-growth ratio of 0.80 and a beta of 0.87. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26.

F.N.B. (NYSE:FNB) last released its quarterly earnings results on Monday, October 19th. The bank reported $0.43 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.43. The company had revenue of $469.12 million for the quarter, compared to analysts’ expectations of $476.20 million. F.N.B. had a return on equity of 9.12% and a net margin of 22.46%. During the same quarter in the previous year, the company posted $0.41 earnings per share. Analysts forecast that F.N.B. will post 1.69 EPS for the current year.

F.N.B. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, December 1st. F.N.B.’s dividend payout ratio is currently 30.59%.

F.N.B. Company Profile

F.N.B. Corporation (NYSE: FNB) is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, First National Bank, the company provides banking, lending and wealth management services to individuals, families, businesses and government entities.

FNB’s offerings include checking and savings accounts, certificates of deposit, residential and consumer loans, commercial real estate and business lending, treasury management and cash-management services.