Brokerages Set F.N.B. Corporation (NYSE:FNB) Price Target at $20.20

F.N.B. Corporation (NYSE:FNB) has been assigned an average recommendation of “Buy” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average 1 year target price among brokerages that have covered the stock in the last year is $20.20.

Several research analysts recently commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of F.N.B. in a research report on Tuesday, June 9th. Truist Financial raised their target price 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. Finally, Keefe, Bruyette & Woods raised 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 Buying and Selling

In related news, insider Gary L. Guerrieri sold 19,000 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $18.53, for a total value of $352,070.00. Following the completion of the transaction, the insider directly owned 298,097 shares of the company’s stock, valued at $5,523,737.41. This trade represents a 5.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. CoreCap Advisors LLC bought a new position in F.N.B. in the fourth quarter worth $34,000. Root Financial Partners LLC raised its stake 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 worth $34,000 after acquiring an additional 820 shares in the last quarter. 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 acquiring an additional 2,420 shares in the last quarter. Triumph Capital Management acquired a new position in F.N.B. during the third quarter worth $55,000. Finally, Parallel Advisors LLC raised its stake in F.N.B. by 18.9% during the third quarter. Parallel Advisors LLC now owns 4,522 shares of the bank’s stock worth $73,000 after acquiring an additional 720 shares in the last quarter. 79.25% of the stock is owned by institutional investors.

F.N.B. Stock Up 0.8%

FNB opened at $19.13 on Friday. F.N.B. has a 1-year low of $14.29 and a 1-year high of $19.32. 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 stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of 11.81, a P/E/G ratio of 0.90 and a beta of 0.84. The business has a 50 day moving average of $17.80 and a 200-day moving average of $17.49.

F.N.B. (NYSE:FNB) last posted its quarterly earnings data on Friday, April 17th. The bank reported $0.38 earnings per share for the quarter, meeting 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 company had revenue of $450.00 million during the quarter, compared to analysts’ expectations of $454.06 million. During the same period in the prior year, the business earned $0.32 earnings per share. As a group, sell-side analysts anticipate that F.N.B. will post 1.73 earnings per share for the current year.

F.N.B. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.7%. This is an increase from F.N.B.’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, June 1st. F.N.B.’s dividend payout ratio (DPR) is 32.10%.

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.