F.N.B. (NYSE:FNB) Now Covered by Analysts at Truist Financial

Truist Financial started coverage on shares of F.N.B. (NYSE:FNB) in a research report released on Tuesday, Marketbeat.com reports. The firm issued a buy rating and a $16.50 target price on the bank’s stock.

A number of other analysts have also recently weighed in on FNB. Keefe, Bruyette & Woods raised shares of F.N.B. from a “market perform” rating to an “outperform” rating and set a $16.50 target price on the stock in a report on Monday, April 21st. DA Davidson reissued a “buy” rating and set a $19.00 target price on shares of F.N.B. in a report on Thursday, April 17th. Piper Sandler dropped their target price on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Finally, Wells Fargo & Company dropped their target price on shares of F.N.B. from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.57.

F.N.B. Trading Up 1.4%

NYSE FNB opened at $14.54 on Tuesday. F.N.B. has a 12 month low of $10.88 and a 12 month high of $17.70. 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 company has a market capitalization of $5.23 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 3.60 and a beta of 0.88. The company’s fifty day moving average price is $13.10 and its two-hundred day moving average price is $14.66.

F.N.B. (NYSE:FNB) last issued its earnings results on Wednesday, April 16th. The bank reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The company had revenue of $411.61 million for the quarter, compared to analysts’ expectations of $409.52 million. F.N.B. had a net margin of 18.12% and a return on equity of 8.30%. During the same period in the prior year, the company earned $0.34 earnings per share. As a group, research analysts predict that F.N.B. will post 1.45 earnings per share for the current fiscal year.

F.N.B. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Monday, June 2nd will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.30%. F.N.B.’s dividend payout ratio (DPR) is presently 38.10%.

Insider Buying and Selling

In related news, Director David L. Motley sold 15,000 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $15.51, for a total value of $232,650.00. Following the sale, the director now owns 65,344 shares of the company’s stock, valued at $1,013,485.44. This trade represents a 18.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.37% of the company’s stock.

Institutional Trading of F.N.B.

A number of large investors have recently modified their holdings of FNB. PL Capital Advisors LLC bought a new position in F.N.B. in the 4th quarter valued at about $308,616,000. Norges Bank bought a new position in F.N.B. in the 4th quarter valued at about $50,205,000. First Trust Advisors LP grew its position in F.N.B. by 76.8% in the 4th quarter. First Trust Advisors LP now owns 5,233,363 shares of the bank’s stock valued at $77,349,000 after buying an additional 2,273,736 shares in the last quarter. Raymond James Financial Inc. bought a new position in F.N.B. in the 4th quarter valued at about $15,801,000. Finally, Balyasny Asset Management L.P. bought a new position in F.N.B. in the 4th quarter valued at about $12,952,000. Institutional investors and hedge funds 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.