F.N.B. (NYSE:FNB) Downgraded to “Sell” at StockNews.com

StockNews.com downgraded shares of F.N.B. (NYSE:FNB) from a hold rating to a sell rating in a research report released on Tuesday morning.

Other equities analysts also recently issued research reports about the stock. Stephens reissued an overweight rating and issued a $16.00 price objective on shares of F.N.B. in a research note on Thursday, July 18th. Keefe, Bruyette & Woods restated a market perform rating and set a $16.00 price objective on shares of F.N.B. in a research report on Wednesday, June 26th. Finally, Piper Sandler increased their target price on F.N.B. from $15.00 to $17.00 and gave the company an overweight rating in a research report on Friday, July 19th. 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. Based on data from MarketBeat, F.N.B. has an average rating of Moderate Buy and an average price target of $15.29.

F.N.B. Trading Up 1.5 %

Shares of FNB stock opened at $13.89 on Tuesday. F.N.B. has a fifty-two week low of $10.24 and a fifty-two week high of $15.65. The stock’s fifty day moving average price is $14.33 and its two-hundred day moving average price is $13.85. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 0.92. The company has a market cap of $5.00 billion, a PE ratio of 11.20, a P/E/G ratio of 10.27 and a beta of 0.96.

F.N.B. (NYSE:FNB) last released its 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 business had revenue of $403.81 million during the quarter, compared to the consensus estimate of $408.14 million. F.N.B. had a net margin of 18.27% and a return on equity of 9.04%. The business’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 EPS. Equities analysts predict that F.N.B. will post 1.38 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Thursday, September 5th were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.46%. F.N.B.’s dividend payout ratio (DPR) is presently 38.71%.

Hedge Funds Weigh In On F.N.B.

A number of hedge funds have recently made changes to their positions in FNB. LRI Investments LLC acquired a new stake in F.N.B. during the 1st quarter valued at approximately $45,000. GAMMA Investing LLC boosted its stake 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 purchasing an additional 1,764 shares during the last quarter. Blue Trust Inc. increased its position in shares of F.N.B. by 19.7% during the second quarter. Blue Trust Inc. now owns 9,042 shares of the bank’s stock worth $127,000 after buying an additional 1,486 shares during the period. Hart & Patterson Financial Group LLC bought a new position in F.N.B. during the fourth quarter worth $140,000. Finally, CIBC Asset Management Inc acquired a new position in F.N.B. in the second quarter valued at $140,000. 79.25% of the stock is currently 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.