F.N.B. Corporation (NYSE:FNB) Receives Consensus Recommendation of “Buy” from Brokerages

F.N.B. Corporation (NYSE:FNB) has received an average recommendation of “Buy” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $20.20.

Several research analysts recently issued reports on the company. Truist Financial lifted their price objective on F.N.B. from $19.50 to $20.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Keefe, Bruyette & Woods lifted their price objective on F.N.B. from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th.

F.N.B. Price Performance

FNB stock opened at $17.46 on Wednesday. The firm has a 50 day moving average of $17.32 and a 200-day moving average of $17.25. F.N.B. has a 12-month low of $13.44 and a 12-month high of $19.14. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.29. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 10.78, a PEG ratio of 0.83 and a beta of 0.85.

F.N.B. (NYSE:FNB) last issued its quarterly earnings data on Friday, April 17th. The bank reported $0.38 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.38. F.N.B. had a return on equity of 8.94% and a net margin of 21.64%.The firm had revenue of $450.00 million during the quarter, compared to the consensus estimate of $454.06 million. During the same period in the previous year, the firm posted $0.32 EPS. As a group, equities analysts expect that F.N.B. will post 1.73 EPS for the current fiscal year.

F.N.B. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.13 per share. The ex-dividend date is Monday, June 1st. This represents a $0.52 annualized dividend and a dividend yield of 3.0%. This is an increase from F.N.B.’s previous quarterly dividend of $0.12. F.N.B.’s payout ratio is presently 29.63%.

Institutional Trading of F.N.B.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its stake in F.N.B. by 77.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,513,248 shares of the bank’s stock worth $20,353,000 after acquiring an additional 660,387 shares during the period. Rhino Investment Partners Inc grew its stake in F.N.B. by 47.8% in the 1st quarter. Rhino Investment Partners Inc now owns 1,207,418 shares of the bank’s stock worth $20,188,000 after acquiring an additional 390,526 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in F.N.B. by 5.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,049,241 shares of the bank’s stock worth $14,112,000 after acquiring an additional 58,672 shares during the period. Congress Asset Management Co. grew its stake in F.N.B. by 2.6% in the 4th quarter. Congress Asset Management Co. now owns 466,393 shares of the bank’s stock worth $7,975,000 after acquiring an additional 11,841 shares during the period. Finally, SG Americas Securities LLC grew its stake in F.N.B. by 585.2% in the 1st quarter. SG Americas Securities LLC now owns 358,244 shares of the bank’s stock worth $5,990,000 after acquiring an additional 305,961 shares during the period. 79.25% of the stock is owned by hedge funds and other institutional investors.

F.N.B. Company Profile

F.N.B. Corporation is a bank holding company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, FNB Bank, the company provides a broad range of commercial and consumer financial services. Founded in 1864 as the First National Bank of Pennsylvania, F.N.B. has grown through both organic expansion and strategic acquisitions to become a regional banking franchise.

The company’s main business activities include traditional deposit-taking and lending services, such as checking and savings accounts, mortgages, home equity lines of credit, and consumer and commercial loans.