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

F.N.B. Corporation (NYSE:FNB) has been assigned a consensus recommendation of “Buy” from the seven research firms that are presently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $18.6429.

FNB has been the topic of several research analyst reports. DA Davidson lifted their price target on shares of F.N.B. from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Wells Fargo & Company lifted their target price on F.N.B. from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. Wall Street Zen raised F.N.B. from a “sell” rating to a “hold” rating in a research report on Sunday, July 13th. Truist Financial raised their price target on F.N.B. from $17.50 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $18.50 price objective (up previously from $16.50) on shares of F.N.B. in a research note on Monday, July 21st.

Institutional Investors Weigh In On F.N.B.

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in F.N.B. by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 39,531,150 shares of the bank’s stock valued at $531,694,000 after acquiring an additional 114,672 shares during the period. AQR Capital Management LLC grew its stake in shares of F.N.B. by 36.4% in the 1st quarter. AQR Capital Management LLC now owns 1,896,488 shares of the bank’s stock valued at $25,204,000 after purchasing an additional 505,780 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of F.N.B. by 77.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,513,248 shares of the bank’s stock valued at $20,353,000 after purchasing an additional 660,387 shares during the period. Rhino Investment Partners Inc purchased a new stake in shares of F.N.B. during the first quarter worth approximately $19,990,000. Finally, Wellington Management Group LLP raised its stake in shares of F.N.B. by 10.0% during the first quarter. Wellington Management Group LLP now owns 1,169,933 shares of the bank’s stock worth $15,736,000 after purchasing an additional 106,571 shares during the last quarter. 79.25% of the stock is owned by hedge funds and other institutional investors.

F.N.B. Trading Up 2.0%

FNB opened at $16.57 on Friday. The business’s 50-day simple moving average is $15.93 and its 200-day simple moving average is $14.46. The company has a market cap of $5.95 billion, a P/E ratio of 12.95, a PEG ratio of 0.92 and a beta of 0.98. F.N.B. has a one year low of $10.88 and a one year high of $17.70. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.93 and a current ratio of 0.93.

F.N.B. (NYSE:FNB) last announced its quarterly earnings results on Thursday, July 17th. The bank reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. The company had revenue of $438.21 million for the quarter, compared to analyst estimates of $424.39 million. F.N.B. had a net margin of 17.88% and a return on equity of 7.94%. During the same period in the prior year, the firm posted $0.34 earnings per share. As a group, equities research analysts expect that F.N.B. will post 1.45 EPS for the current fiscal year.

F.N.B. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were given a $0.12 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $0.48 annualized dividend and a yield of 2.9%. F.N.B.’s dividend payout ratio is 37.50%.

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.