F.N.B. (NYSE:FNB) Upgraded to Hold by StockNews.com

StockNews.com upgraded shares of F.N.B. (NYSE:FNB) from a sell rating to a hold rating in a research note issued to investors on Monday morning.

Other research analysts have also issued reports about the stock. Piper Sandler boosted their price target on shares of F.N.B. from $15.00 to $17.00 and gave the company an overweight rating in a research report on Friday, July 19th. Stephens restated an overweight rating and set a $16.00 price target on shares of F.N.B. in a research report on Thursday, July 18th. Finally, Keefe, Bruyette & Woods restated a market perform rating and set a $16.00 price target on shares of F.N.B. in a research report on Wednesday, June 26th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $15.29.

F.N.B. Trading Up 1.0 %

Shares of FNB stock opened at $14.16 on Monday. The company’s fifty day simple moving average is $14.39 and its two-hundred day simple moving average is $13.82. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.91. F.N.B. has a 1 year low of $10.24 and a 1 year high of $15.65. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 9.98 and a beta of 0.96.

F.N.B. (NYSE:FNB) last issued its earnings results on Wednesday, July 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). F.N.B. had a net margin of 18.27% and a return on equity of 9.04%. The business had revenue of $403.81 million for the quarter, compared to the consensus estimate of $408.14 million. During the same period in the previous year, the firm earned $0.39 EPS. The company’s revenue was down 1.4% compared to the same quarter last year. As a group, analysts anticipate that F.N.B. will post 1.38 earnings per share for the current year.

F.N.B. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Investors of record on Thursday, September 5th were given a $0.12 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.48 annualized dividend and a yield of 3.39%. F.N.B.’s dividend payout ratio (DPR) is presently 38.71%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC purchased a new position in F.N.B. in the second quarter worth $553,000. Covington Investment Advisors Inc. purchased a new stake in F.N.B. during the second quarter valued at about $915,000. Creative Planning boosted its position in F.N.B. by 2.7% during the second quarter. Creative Planning now owns 58,974 shares of the bank’s stock valued at $807,000 after buying an additional 1,570 shares during the period. Algert Global LLC purchased a new stake in F.N.B. during the second quarter valued at about $494,000. Finally, Deerfield Management Company L.P. Series C purchased a new stake in F.N.B. during the second quarter valued at about $266,000. 79.25% of the stock is currently owned by hedge funds and other institutional investors.

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.