F.N.B. Co. (NYSE:FNB) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of F.N.B. Co. (NYSE:FNB) have been assigned an average rating of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $16.83.

Several analysts have recently weighed in on FNB shares. Stephens lifted their price objective 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. Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a research note on Friday, October 18th. StockNews.com upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Finally, Raymond James raised their target price on F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st.

Institutional Trading of F.N.B.

Several institutional investors and hedge funds have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC grew its holdings in F.N.B. by 51.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 15,758 shares of the bank’s stock worth $222,000 after buying an additional 5,362 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in F.N.B. by 2.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 274,278 shares of the bank’s stock worth $3,866,000 after acquiring an additional 5,522 shares during the last quarter. LRI Investments LLC bought a new stake in shares of F.N.B. in the 1st quarter worth $45,000. Price T Rowe Associates Inc. MD raised its holdings in shares of F.N.B. by 7.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 166,292 shares of the bank’s stock valued at $2,345,000 after purchasing an additional 10,959 shares during the last quarter. Finally, Innealta Capital LLC bought a new position in shares of F.N.B. during the first quarter valued at about $203,000. 79.25% of the stock is owned by hedge funds and other institutional investors.

F.N.B. Price Performance

FNB stock opened at $17.16 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.40. The firm has a market cap of $6.17 billion, a price-to-earnings ratio of 15.81 and a beta of 0.95. The company’s fifty day simple moving average is $14.94 and its 200 day simple moving average is $14.32. F.N.B. has a 12-month low of $11.55 and a 12-month high of $17.70.

F.N.B. (NYSE:FNB) last announced its quarterly earnings data on Thursday, October 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The business had revenue of $413.02 million during the quarter, compared to analyst estimates of $409.80 million. F.N.B. had a net margin of 16.29% and a return on equity of 8.49%. On average, analysts expect that F.N.B. will post 1.34 earnings per share for the current year.

F.N.B. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 2.80%. F.N.B.’s dividend payout ratio (DPR) is currently 44.04%.

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.