F.N.B. Co. (NYSE:FNB) Receives $15.29 Consensus Price Target from Brokerages

F.N.B. Co. (NYSE:FNB) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $15.29.

A number of research analysts have recently commented on the stock. Wells Fargo & Company upped their price objective on shares of F.N.B. from $14.00 to $16.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $16.00 target price on shares of F.N.B. in a research note on Wednesday, June 26th. Piper Sandler lifted their price target on shares of F.N.B. from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Stephens restated an “overweight” rating and set a $16.00 target price on shares of F.N.B. in a report on Thursday, July 18th. Finally, StockNews.com raised F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, May 27th.

F.N.B. Stock Performance

FNB opened at $15.32 on Friday. F.N.B. has a 12-month low of $10.24 and a 12-month high of $15.53. The stock’s 50 day moving average price is $13.73 and its two-hundred day moving average price is $13.58. The firm has a market capitalization of $5.51 billion, a P/E ratio of 12.35, a price-to-earnings-growth ratio of 10.72 and a beta of 0.99. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.33.

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

F.N.B. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, June 15th. Shareholders of record on Thursday, June 6th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.48 dividend on an annualized basis and a yield of 3.13%. F.N.B.’s payout ratio is presently 38.71%.

Hedge Funds Weigh In On F.N.B.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vestor Capital LLC bought a new position in F.N.B. during the fourth quarter worth about $42,000. LRI Investments LLC bought a new position in shares of F.N.B. during the first quarter worth $45,000. GAMMA Investing LLC grew its holdings in shares of F.N.B. by 113.8% in the 2nd quarter. GAMMA Investing LLC now owns 3,314 shares of the bank’s stock valued at $45,000 after buying an additional 1,764 shares during the period. Hexagon Capital Partners LLC increased its position in shares of F.N.B. by 272.9% in the 4th quarter. Hexagon Capital Partners LLC now owns 3,882 shares of the bank’s stock valued at $53,000 after buying an additional 2,841 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in F.N.B. by 56.2% during the 4th quarter. Blue Trust Inc. now owns 7,099 shares of the bank’s stock worth $98,000 after buying an additional 2,553 shares during the period. 79.25% of the stock is owned by institutional investors.

About F.N.B.

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.