Brokerages Set F.N.B. Co. (NYSE:FNB) PT at $18.00

Shares of F.N.B. Co. (NYSE:FNBGet Free Report) have earned an average rating of “Moderate Buy” from the five research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $18.00.

A number of research firms have weighed in on FNB. Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a report on Friday, October 18th. StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Wells Fargo & Company cut their price objective on F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Stephens boosted their target price on shares of F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, Raymond James increased their target price on shares of F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st.

Get Our Latest Analysis on F.N.B.

F.N.B. Stock Performance

Shares of NYSE FNB opened at $15.61 on Friday. F.N.B. has a one year low of $12.49 and a one year high of $17.70. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. The business has a fifty day simple moving average of $15.76 and a 200 day simple moving average of $14.84. The firm has a market capitalization of $5.61 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 4.41 and a beta of 1.01.

F.N.B. (NYSE:FNBGet Free Report) last issued its earnings results on Thursday, October 17th. The bank reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). F.N.B. had a net margin of 16.29% and a return on equity of 8.49%. The business had revenue of $413.02 million for the quarter, compared to analyst estimates of $409.80 million. Sell-side analysts expect that F.N.B. will post 1.34 EPS for the current year.

F.N.B. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd were paid a $0.12 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.48 annualized dividend and a dividend yield of 3.07%. F.N.B.’s dividend payout ratio (DPR) is currently 44.04%.

Insider Transactions at F.N.B.

In other F.N.B. news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $16.50, for a total value of $2,062,500.00. Following the transaction, the chief executive officer now directly owns 1,652,229 shares of the company’s stock, valued at approximately $27,261,778.50. This trade represents a 7.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.22% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On F.N.B.

Several institutional investors have recently modified their holdings of the stock. Signaturefd LLC raised its position in shares of F.N.B. by 16.7% in the 3rd quarter. Signaturefd LLC now owns 5,592 shares of the bank’s stock valued at $79,000 after acquiring an additional 799 shares during the period. Hancock Whitney Corp raised its holdings in F.N.B. by 0.8% in the third quarter. Hancock Whitney Corp now owns 121,945 shares of the bank’s stock worth $1,721,000 after purchasing an additional 947 shares during the period. Bill Few Associates Inc. boosted its position in shares of F.N.B. by 1.1% during the fourth quarter. Bill Few Associates Inc. now owns 92,332 shares of the bank’s stock worth $1,365,000 after purchasing an additional 1,023 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of F.N.B. by 2.2% in the 2nd quarter. Bank of Montreal Can now owns 47,679 shares of the bank’s stock valued at $653,000 after buying an additional 1,040 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its position in shares of F.N.B. by 31.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank’s stock valued at $65,000 after buying an additional 1,100 shares in the last quarter. 79.25% of the stock is currently owned by institutional investors and hedge funds.

F.N.B. Company Profile

(Get Free Report

F.N.B. Corporation, a bank and financial holding company, provides a range of financial products and services primarily to consumers, corporations, governments, and small- to medium-sized businesses in the United States. The company operates through three segments: Community Banking, Wealth Management, and Insurance.

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Analyst Recommendations for F.N.B. (NYSE:FNB)

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