F.N.B. Corporation (NYSE:FNB) Receives $19.00 Consensus Price Target from Brokerages

Shares of F.N.B. Corporation (NYSE:FNB) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $19.00.

FNB has been the topic of several research reports. DA Davidson cut F.N.B. from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of F.N.B. in a research report on Monday. Truist Financial increased their price target on F.N.B. from $18.00 to $18.50 and gave the company a “buy” rating in a research report on Monday, October 20th. Finally, Piper Sandler began coverage on F.N.B. in a research note on Wednesday, December 3rd. They issued an “overweight” rating and a $19.00 price target on the stock.

F.N.B. Price Performance

Shares of NYSE FNB opened at $17.31 on Friday. F.N.B. has a twelve month low of $10.88 and a twelve month high of $17.93. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average of $16.52 and a two-hundred day moving average of $15.98. The company has a market capitalization of $6.20 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 0.90 and a beta of 0.93.

F.N.B. (NYSE:FNB) last announced its quarterly earnings data on Thursday, June 20th. The bank reported $0.40 earnings per share (EPS) for the quarter. F.N.B. had a net margin of 19.23% and a return on equity of 8.22%. The company had revenue of $419.30 million for the quarter. As a group, analysts expect that F.N.B. will post 1.45 earnings per share for the current fiscal year.

F.N.B. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a dividend of $0.12 per share. The ex-dividend date was Monday, December 1st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.8%. F.N.B.’s payout ratio is currently 34.53%.

Insider Activity at F.N.B.

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

Institutional Trading of F.N.B.

A number of institutional investors have recently bought and sold shares of FNB. EverSource Wealth Advisors LLC raised its stake in shares of F.N.B. by 3,723.1% during the 2nd 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 in the last quarter. AlphaQuest LLC lifted its stake in F.N.B. by 82.2% in the first quarter. AlphaQuest LLC now owns 3,295 shares of the bank’s stock valued at $44,000 after acquiring an additional 1,487 shares during the last quarter. Parallel Advisors LLC grew its position in F.N.B. by 22.8% in the second quarter. Parallel Advisors LLC now owns 3,802 shares of the bank’s stock worth $55,000 after acquiring an additional 706 shares in the last quarter. Triumph Capital Management acquired a new position in shares of F.N.B. during the 3rd quarter worth $55,000. Finally, Danske Bank A S bought a new position in shares of F.N.B. during the 3rd quarter valued at $85,000. Institutional investors and hedge funds own 79.25% of the company’s stock.

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.