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

F.N.B. Co. (NYSE:FNB) has received a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $18.50.

A number of equities research analysts have recently issued reports on the stock. Piper Sandler reduced their target price on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods raised their target price on shares of F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. DA Davidson boosted their price target on F.N.B. from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company lowered their price objective on F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th.

Insiders Place Their Bets

In related news, Director David L. Motley sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $15.51, for a total value of $232,650.00. Following the sale, the director now directly owns 65,344 shares of the company’s stock, valued at $1,013,485.44. This trade represents a 18.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director William B. Campbell bought 3,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was acquired at an average price of $15.57 per share, for a total transaction of $46,710.00. Following the transaction, the director now owns 158,834 shares of the company’s stock, valued at approximately $2,473,045.38. The trade was a 1.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.03% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. World Investment Advisors raised its stake in shares of F.N.B. by 2.3% during the fourth quarter. World Investment Advisors now owns 29,393 shares of the bank’s stock valued at $434,000 after acquiring an additional 667 shares during the last quarter. Savant Capital LLC raised its position in F.N.B. by 1.4% during the 4th quarter. Savant Capital LLC now owns 52,065 shares of the bank’s stock worth $770,000 after purchasing an additional 708 shares during the last quarter. Forum Financial Management LP lifted its holdings in F.N.B. by 5.9% during the 4th quarter. Forum Financial Management LP now owns 13,258 shares of the bank’s stock worth $196,000 after buying an additional 744 shares during the period. Arizona State Retirement System grew its position in shares of F.N.B. by 0.7% in the 4th quarter. Arizona State Retirement System now owns 104,354 shares of the bank’s stock valued at $1,542,000 after buying an additional 765 shares during the last quarter. Finally, United Services Automobile Association increased its stake in shares of F.N.B. by 3.7% in the fourth quarter. United Services Automobile Association now owns 24,524 shares of the bank’s stock valued at $362,000 after buying an additional 870 shares during the period. Institutional investors and hedge funds own 79.25% of the company’s stock.

F.N.B. Stock Performance

FNB opened at $13.74 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.94 and a quick ratio of 0.94. The business has a fifty day simple moving average of $14.74 and a 200 day simple moving average of $14.95. F.N.B. has a 1 year low of $12.49 and a 1 year high of $17.70. The company has a market capitalization of $4.94 billion, a PE ratio of 10.90, a price-to-earnings-growth ratio of 3.60 and a beta of 0.98.

F.N.B. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were paid a $0.12 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.48 dividend on an annualized basis and a yield of 3.49%. F.N.B.’s dividend payout ratio (DPR) is 38.10%.

F.N.B. Company Profile

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.