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

F.N.B. Co. (NYSE:FNB) has received a consensus rating of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $15.29.

Several equities analysts recently issued reports on the company. Stephens restated an “overweight” rating and issued a $16.00 price target on shares of F.N.B. in a research report on Thursday, July 18th. Piper Sandler lifted their price objective on F.N.B. from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Wells Fargo & Company lifted their price objective on F.N.B. from $14.00 to $16.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. StockNews.com raised F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, May 27th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $16.00 price objective on shares of F.N.B. in a report on Wednesday, June 26th.

F.N.B. Stock Performance

Shares of FNB stock opened at $15.55 on Friday. The stock has a market capitalization of $5.59 billion, a PE ratio of 12.54, a price-to-earnings-growth ratio of 10.92 and a beta of 0.99. F.N.B. has a 52-week low of $10.24 and a 52-week high of $15.62. The stock’s 50-day moving average price is $13.76 and its 200 day moving average price is $13.59. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.33.

F.N.B. (NYSE:FNB) last issued its quarterly earnings results on Wednesday, July 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01). The company had revenue of $403.81 million during the quarter, compared to analyst estimates of $408.14 million. F.N.B. had a net margin of 18.27% and a return on equity of 9.04%. The business’s revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 EPS. As a group, equities research analysts forecast that F.N.B. will post 1.4 EPS for the current year.

F.N.B. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, June 15th. Investors of record on Thursday, June 6th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend was Thursday, June 6th. F.N.B.’s payout ratio is currently 38.71%.

Institutional Investors Weigh In On F.N.B.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in F.N.B. by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 21,292,019 shares of the bank’s stock valued at $293,193,000 after buying an additional 136,104 shares in the last quarter. Norges Bank purchased a new stake in F.N.B. in the 4th quarter valued at approximately $49,533,000. Rafferty Asset Management LLC lifted its stake in F.N.B. by 61.3% in the 4th quarter. Rafferty Asset Management LLC now owns 535,520 shares of the bank’s stock valued at $7,374,000 after buying an additional 203,429 shares in the last quarter. Federated Hermes Inc. lifted its stake in F.N.B. by 31.0% in the 4th quarter. Federated Hermes Inc. now owns 378,727 shares of the bank’s stock valued at $5,215,000 after buying an additional 89,637 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in F.N.B. by 5.8% in the 1st quarter. Sei Investments Co. now owns 1,341,044 shares of the bank’s stock valued at $18,909,000 after acquiring an additional 73,016 shares during the last quarter. Hedge funds and other institutional investors own 79.25% of the company’s stock.

About F.N.B.

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.