F.N.B. (NYSE:FNB) Cut to Sell at StockNews.com

StockNews.com lowered shares of F.N.B. (NYSE:FNBFree Report) from a hold rating to a sell rating in a report released on Tuesday.

A number of other research analysts have also weighed in on the company. Piper Sandler upped their price objective on F.N.B. from $15.00 to $17.00 and gave the stock an overweight rating in a report on Friday, July 19th. Stephens reaffirmed an overweight rating and set a $16.00 price target on shares of F.N.B. in a research note on Thursday, July 18th. Finally, Keefe, Bruyette & Woods reiterated a market perform rating and issued a $16.00 price objective on shares of F.N.B. in a research note on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, F.N.B. presently has an average rating of Moderate Buy and a consensus price target of $16.00.

Read Our Latest Report on FNB

F.N.B. Price Performance

Shares of FNB opened at $14.31 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 0.92. F.N.B. has a fifty-two week low of $10.24 and a fifty-two week high of $15.65. The firm has a 50-day simple moving average of $14.07 and a 200-day simple moving average of $13.87. The company has a market capitalization of $5.15 billion, a price-to-earnings ratio of 12.03, a price-to-earnings-growth ratio of 10.01 and a beta of 0.96.

F.N.B. (NYSE:FNBGet Free Report) last issued its quarterly earnings results on Wednesday, July 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The firm had revenue of $403.81 million for the quarter, compared to analyst estimates of $408.14 million. F.N.B. had a return on equity of 9.04% and a net margin of 18.27%. The company’s revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 earnings per share. On average, equities research analysts anticipate that F.N.B. will post 1.38 earnings per share for the current year.

F.N.B. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Investors of record on Thursday, September 5th were given a dividend of $0.12 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.48 annualized dividend and a dividend yield of 3.35%. F.N.B.’s dividend payout ratio is currently 40.34%.

Institutional Trading of F.N.B.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of F.N.B. by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 39,346,808 shares of the bank’s stock worth $541,806,000 after buying an additional 156,120 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of F.N.B. by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 22,176,107 shares of the bank’s stock worth $303,361,000 after purchasing an additional 647,335 shares during the period. Principal Financial Group Inc. grew its position in shares of F.N.B. by 1.0% in the first quarter. Principal Financial Group Inc. now owns 4,969,587 shares of the bank’s stock valued at $70,071,000 after purchasing an additional 48,336 shares during the period. AQR Capital Management LLC increased its stake in F.N.B. by 181.6% in the second quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank’s stock valued at $41,045,000 after purchasing an additional 1,964,884 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its position in F.N.B. by 2.9% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 1,461,258 shares of the bank’s stock worth $19,990,000 after buying an additional 41,610 shares during the period. Hedge funds and other institutional investors own 79.25% of the company’s stock.

F.N.B. Company Profile

(Get Free Report)

F.N.B. Corporation, a bank and financial holding company, provides a range of financial products and services primarily to consumers, corporations, governments, and small- to medium-sized businesses in the United States. The company operates through three segments: Community Banking, Wealth Management, and Insurance.

Featured Articles

Analyst Recommendations for F.N.B. (NYSE:FNB)

Receive News & Ratings for F.N.B. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F.N.B. and related companies with MarketBeat.com's FREE daily email newsletter.