Analysts Set F.N.B. Corporation (NYSE:FNB) PT at $20.70

Shares of F.N.B. Corporation (NYSE:FNB) have been assigned a consensus recommendation of “Buy” from the six research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $20.90.

Several analysts have commented on the company. Wells Fargo & Company increased their target price on F.N.B. from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of F.N.B. in a report on Tuesday, June 9th. Bank of America reaffirmed a “neutral” rating and set a $19.00 price objective (down from $20.00) on shares of F.N.B. in a research report on Monday, July 20th. Wall Street Zen downgraded F.N.B. from a “hold” rating to a “sell” rating in a report on Tuesday, July 28th. Finally, Keefe, Bruyette & Woods boosted their target price 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.

Insider Activity at F.N.B.

In other F.N.B. news, insider Gary L. Guerrieri sold 19,000 shares of F.N.B. stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $18.53, for a total value of $352,070.00. Following the completion of the sale, the insider owned 298,097 shares of the company’s stock, valued at approximately $5,523,737.41. The trade was a 5.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Bryant Mitchell David sold 4,055 shares of F.N.B. stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $19.25, for a total transaction of $78,058.75. Following the completion of the sale, the insider directly owned 144,283 shares of the company’s stock, valued at approximately $2,777,447.75. This trade represents a 2.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.50% of the stock is owned by insiders.

Institutional Trading of F.N.B.

Several large investors have recently modified their holdings of FNB. Root Financial Partners LLC increased its position in F.N.B. by 66.8% during the first quarter. Root Financial Partners LLC now owns 2,047 shares of the bank’s stock valued at $34,000 after acquiring an additional 820 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in F.N.B. by 3,723.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the bank’s stock worth $36,000 after purchasing an additional 2,420 shares during the last quarter. Triumph Capital Management purchased a new position in F.N.B. in the third quarter worth about $55,000. Parallel Advisors LLC grew its stake in shares of F.N.B. by 18.9% during the 3rd quarter. Parallel Advisors LLC now owns 4,522 shares of the bank’s stock valued at $73,000 after purchasing an additional 720 shares during the period. Finally, Danske Bank A S bought a new stake in shares of F.N.B. during the 3rd quarter valued at about $85,000. Institutional investors own 79.25% of the company’s stock.

F.N.B. Trading Up 0.8%

Shares of NYSE FNB opened at $19.26 on Monday. The firm’s 50 day moving average price is $18.79 and its 200-day moving average price is $17.87. F.N.B. has a 52-week low of $14.45 and a 52-week high of $19.59. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 0.92. The company has a market cap of $6.80 billion, a PE ratio of 11.46, a P/E/G ratio of 1.21 and a beta of 0.85.

F.N.B. (NYSE:FNB) last announced its quarterly earnings results on Friday, July 17th. The bank reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. F.N.B. had a net margin of 22.29% and a return on equity of 9.10%. The company had revenue of $463.00 million during the quarter, compared to the consensus estimate of $467.13 million. During the same quarter last year, the firm earned $0.36 earnings per share. On average, equities research analysts expect that F.N.B. will post 1.69 EPS for the current fiscal year.

F.N.B. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.13 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.7%. F.N.B.’s payout ratio is currently 30.95%.

About F.N.B.

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.