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

Shares of F.N.B. Corporation (NYSE:FNB) have been assigned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $20.58.

FNB has been the topic of several research analyst reports. Piper Sandler reissued an “overweight” rating on shares of F.N.B. in a research report on Monday, July 20th. Wells Fargo & Company decreased their price target on shares of F.N.B. from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Tuesday. UBS Group assumed coverage on shares of F.N.B. in a research note on Monday, September 14th. They set a “neutral” rating and a $20.00 price objective for the company. Weiss Ratings reissued a “buy (b)” rating on shares of F.N.B. in a report on Friday, September 4th. Finally, Truist Financial cut their target price on F.N.B. from $21.00 to $20.50 and set a “buy” rating on the stock in a research report on Monday, July 20th.

F.N.B. Trading Up 1.3%

F.N.B. stock opened at $17.46 on Tuesday. 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 stock has a market cap of $6.17 billion, a PE ratio of 10.40, a price-to-earnings-growth ratio of 1.11 and a beta of 0.87. The stock has a 50-day moving average of $18.44 and a two-hundred day moving average of $18.04. F.N.B. has a one year low of $14.45 and a one year high of $19.59.

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

F.N.B. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.0%. The ex-dividend date was Tuesday, September 1st. F.N.B.’s payout ratio is presently 30.95%.

Insider Buying and Selling at F.N.B.

In other news, insider Bryant Mitchell David sold 4,055 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $19.25, for a total value of $78,058.75. Following the completion of the transaction, the insider directly owned 144,283 shares in the company, valued at $2,777,447.75. This trade represents a 2.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On F.N.B.

A number of large investors have recently bought and sold shares of FNB. Root Financial Partners LLC increased its holdings in F.N.B. by 66.8% in the 1st quarter. Root Financial Partners LLC now owns 2,047 shares of the bank’s stock worth $34,000 after buying an additional 820 shares during the period. EverSource Wealth Advisors LLC lifted its stake in F.N.B. by 61.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,602 shares of the bank’s stock valued at $62,000 after acquiring an additional 1,369 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of F.N.B. by 50.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 3,289 shares of the bank’s stock valued at $63,000 after acquiring an additional 1,106 shares during the last quarter. Nykredit A S acquired a new stake in shares of F.N.B. in the second quarter worth $121,000. Finally, Pinnacle Holdings LLC purchased a new position in shares of F.N.B. during the second quarter worth $135,000. Hedge funds and other institutional investors own 79.25% of the company’s stock.

About F.N.B.

F.N.B. Corporation (NYSE:FNB) is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, First National Bank, the company provides banking and related financial services to consumers, businesses, government entities and institutions.

FNB’s products and services include checking and savings accounts, consumer and residential lending, commercial loans, treasury management, electronic banking and credit-related services. The company also offers wealth management, trust and investment services, insurance solutions and capital markets services through specialized business units.

First National Bank traces its history to 1864, when it was established in Greenville, Pennsylvania.