Analysts Set F.N.B. Corporation (NYSE:FNB) PT at $19.60

F.N.B. Corporation (NYSE:FNB) has been assigned an average rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $19.60.

FNB has been the topic of a number of research analyst reports. Piper Sandler reiterated an “overweight” rating and set a $21.00 target price (up from $20.00) on shares of F.N.B. in a research report on Thursday, January 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of F.N.B. in a research report on Monday, December 29th. Finally, Truist Financial raised their target price on shares of F.N.B. from $19.00 to $19.50 and gave the company a “buy” rating in a report on Thursday, January 22nd.

F.N.B. Trading Down 0.1%

NYSE:FNB opened at $18.16 on Monday. The company has a quick ratio of 0.90, a current ratio of 0.92 and a debt-to-equity ratio of 0.28. F.N.B. has a 52-week low of $10.88 and a 52-week high of $19.14. The stock’s 50 day moving average price is $17.69 and its 200 day moving average price is $16.62. The company has a market capitalization of $6.50 billion, a PE ratio of 11.64, a P/E/G ratio of 0.82 and a beta of 0.92.

F.N.B. (NYSE:FNB) last issued its earnings results on Tuesday, January 20th. The bank reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.09. F.N.B. had a net margin of 20.98% and a return on equity of 8.76%. The company had revenue of $457.78 million for the quarter, compared to analyst estimates of $457.87 million. During the same period in the prior year, the business posted $0.30 earnings per share. On average, research analysts anticipate that F.N.B. will post 1.45 EPS for the current year.

F.N.B. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, March 2nd. F.N.B.’s dividend payout ratio (DPR) is 30.77%.

Insider Buying and Selling

In other F.N.B. news, insider Gary L. Guerrieri sold 15,000 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $17.67, for a total transaction of $265,050.00. Following the completion of the transaction, the insider owned 279,883 shares of the company’s stock, valued at approximately $4,945,532.61. This trade represents a 5.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider James L. Dutey sold 40,000 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $16.75, for a total value of $670,000.00. Following the completion of the sale, the insider owned 49,936 shares in the company, valued at $836,428. This represents a 44.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.37% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On F.N.B.

Several large investors have recently added to or reduced their stakes in the business. CoreCap Advisors LLC acquired a new position in shares of F.N.B. during the 4th quarter valued at about $34,000. EverSource Wealth Advisors LLC raised its stake in F.N.B. by 3,723.1% during 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 period. Triumph Capital Management purchased a new stake in shares of F.N.B. during the 3rd quarter valued at $55,000. Parallel Advisors LLC raised its position in shares of F.N.B. by 18.9% in the 3rd quarter. Parallel Advisors LLC now owns 4,522 shares of the bank’s stock worth $73,000 after buying an additional 720 shares during the period. Finally, Danske Bank A S purchased a new stake in F.N.B. during the third quarter valued at about $85,000. 79.25% of the stock is currently 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.