F.N.B. Corporation (NYSE:FNB) Receives $20.70 Average PT from Analysts

Shares of F.N.B. Corporation (NYSE:FNB) have been given an average recommendation of “Buy” by the six brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $20.90.

Several research firms have weighed in on FNB. Truist Financial lowered their price target on shares of F.N.B. from $21.00 to $20.50 and set a “buy” rating on the stock in a report on Monday, July 20th. Bank of America restated a “neutral” rating and set a $19.00 price objective (down from $20.00) on shares of F.N.B. in a report on Monday, July 20th. Wall Street Zen raised F.N.B. from a “sell” rating to a “hold” rating in a research report on Saturday. Wells Fargo & Company upped their target price on F.N.B. from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of F.N.B. in a research note on Tuesday, June 9th.

Insider Buying and Selling at F.N.B.

In other F.N.B. news, insider Bryant Mitchell David sold 4,055 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $19.25, for a total transaction of $78,058.75. Following the transaction, the insider owned 144,283 shares in the company, valued at $2,777,447.75. This trade represents a 2.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gary L. Guerrieri sold 19,000 shares of F.N.B. 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 sale, the insider directly owned 298,097 shares of the company’s stock, valued at $5,523,737.41. This represents a 5.99% decrease in their position. The SEC filing for this sale provides additional information. 1.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On F.N.B.

A number of hedge funds have recently bought and sold shares of the business. Hillsdale Investment Management Inc. acquired a new position in F.N.B. during the first quarter valued at approximately $3,381,000. Horizon Investments LLC bought a new stake in F.N.B. during the fourth quarter worth $2,182,000. Rhino Investment Partners Inc boosted its holdings in shares of F.N.B. by 47.8% in the 1st quarter. Rhino Investment Partners Inc now owns 1,207,418 shares of the bank’s stock valued at $20,188,000 after purchasing an additional 390,526 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of F.N.B. by 585.2% in the 1st quarter. SG Americas Securities LLC now owns 358,244 shares of the bank’s stock valued at $5,990,000 after purchasing an additional 305,961 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its stake in shares of F.N.B. by 35.9% in the 2nd quarter. Handelsbanken Fonder AB now owns 126,431 shares of the bank’s stock valued at $2,412,000 after purchasing an additional 33,400 shares during the last quarter. 79.25% of the stock is owned by institutional investors.

F.N.B. Price Performance

NYSE:FNB opened at $19.46 on Monday. F.N.B. has a one year low of $14.45 and a one year high of $19.59. The company has a market cap of $6.87 billion, a P/E ratio of 11.59, a P/E/G ratio of 1.24 and a beta of 0.85. The firm’s fifty day moving average price is $18.86 and its two-hundred day moving average price is $17.90. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.92 and a quick ratio of 0.91.

F.N.B. (NYSE:FNB) last issued its quarterly earnings data on Friday, July 17th. The bank reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. The company had revenue of $463.00 million for the quarter, compared to analyst estimates of $467.13 million. F.N.B. had a net margin of 22.29% and a return on equity of 9.10%. During the same period in the prior year, the firm earned $0.36 earnings per share. Equities analysts expect that F.N.B. will post 1.69 earnings per share for the current year.

F.N.B. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 1st. F.N.B.’s dividend payout ratio is currently 30.95%.

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.