F.N.B. Co. (NYSE:FNB) Receives Average Rating of “Moderate Buy” from Analysts

Shares of F.N.B. Co. (NYSE:FNB) have earned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $17.67.

A number of research firms have recently weighed in on FNB. Stephens upped their target price on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Raymond James upped their target price on F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Keefe, Bruyette & Woods upped their target price on F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Finally, Piper Sandler restated an “overweight” rating on shares of F.N.B. in a research report on Friday, October 18th.

F.N.B. Stock Performance

FNB opened at $15.41 on Wednesday. The business has a fifty day simple moving average of $15.69 and a 200 day simple moving average of $14.58. The company has a market capitalization of $5.54 billion, a PE ratio of 14.13 and a beta of 0.99. F.N.B. has a 1 year low of $12.49 and a 1 year high of $17.70. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.92.

F.N.B. (NYSE:FNB) last released its earnings results on Thursday, October 17th. The bank reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The company had revenue of $413.02 million for the quarter, compared to the consensus estimate of $409.80 million. F.N.B. had a net margin of 16.29% and a return on equity of 8.49%. Research analysts expect that F.N.B. will post 1.34 EPS for the current year.

F.N.B. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd were issued a $0.12 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 3.12%. F.N.B.’s payout ratio is presently 44.04%.

Insiders Place Their Bets

In other F.N.B. news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $16.50, for a total value of $2,062,500.00. Following the completion of the transaction, the chief executive officer now owns 1,652,229 shares of the company’s stock, valued at $27,261,778.50. This represents a 7.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.03% of the company’s stock.

Hedge Funds Weigh In On F.N.B.

A number of institutional investors and hedge funds have recently bought and sold shares of the company. World Investment Advisors LLC acquired a new position in F.N.B. in the 3rd quarter worth about $405,000. TD Private Client Wealth LLC increased its stake in shares of F.N.B. by 27.9% in the third quarter. TD Private Client Wealth LLC now owns 6,332 shares of the bank’s stock valued at $89,000 after buying an additional 1,383 shares during the period. Barclays PLC increased its stake in shares of F.N.B. by 4.6% in the third quarter. Barclays PLC now owns 449,839 shares of the bank’s stock valued at $6,348,000 after buying an additional 19,589 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of F.N.B. by 2.5% in the third quarter. Public Employees Retirement System of Ohio now owns 145,059 shares of the bank’s stock valued at $2,047,000 after buying an additional 3,526 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of F.N.B. by 31.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 4,600 shares of the bank’s stock valued at $65,000 after buying an additional 1,100 shares during the period. Institutional investors and hedge funds own 79.25% of the company’s stock.

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.