Analysts at Raymond James Financial, Inc. assumed coverage on shares of F.N.B. Corporation (NYSE:FNB) in a research report issued to clients and investors on Tuesday. The brokerage set a “strong-buy” rating and a $19.00 price target on the bank’s stock. Raymond James Financial, Inc.’s target price would indicate a potential upside of 32.22% from the stock’s current price.

Several other research firms have also recently weighed in on FNB. Zacks Investment Research cut F.N.B. Corporation from a “hold” rating to a “sell” rating in a research report on Monday, March 13th. DA Davidson assumed coverage on F.N.B. Corporation in a research note on Monday, March 6th. They set a “buy” rating and a $19.00 price target on the stock. Royal Bank Of Canada restated a “hold” rating and set a $17.00 price target on shares of F.N.B. Corporation in a research note on Wednesday, March 15th. FBR & Co restated a “buy” rating and set a $19.00 price target on shares of F.N.B. Corporation in a research note on Wednesday, April 26th. Finally, Keefe, Bruyette & Woods set a $16.00 price target on F.N.B. Corporation and gave the company a “hold” rating in a research note on Tuesday, April 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $17.94.

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

Shares of F.N.B. Corporation (NYSE:FNB) opened at 14.37 on Tuesday. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 19.63 and a beta of 0.95. F.N.B. Corporation has a 1-year low of $11.69 and a 1-year high of $16.43. The stock has a 50 day moving average price of $14.03 and a 200-day moving average price of $14.98.

F.N.B. Corporation (NYSE:FNB) last announced its quarterly earnings results on Tuesday, April 25th. The bank reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.23. F.N.B. Corporation had a return on equity of 7.21% and a net margin of 18.06%. The company had revenue of $227.90 million during the quarter, compared to analysts’ expectations of $231.73 million. During the same quarter in the previous year, the firm earned $0.21 earnings per share. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. On average, equities research analysts expect that F.N.B. Corporation will post $0.98 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.48 annualized dividend and a dividend yield of 3.34%. F.N.B. Corporation’s dividend payout ratio is currently 64.00%.

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In other news, insider Gary L. Guerrieri sold 19,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $14.17, for a total value of $269,230.00. Following the sale, the insider now directly owns 55,707 shares in the company, valued at approximately $789,368.19. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.21% of the company’s stock.

Several large investors have recently added to or reduced their stakes in FNB. Raymond James Trust N.A. raised its stake in F.N.B. Corporation by 0.6% in the first quarter. Raymond James Trust N.A. now owns 10,678 shares of the bank’s stock valued at $159,000 after buying an additional 60 shares in the last quarter. Tyers Asset Management LLC raised its stake in F.N.B. Corporation by 5.5% in the first quarter. Tyers Asset Management LLC now owns 6,768 shares of the bank’s stock valued at $101,000 after buying an additional 352 shares in the last quarter. Trust Co. of Toledo NA OH raised its stake in F.N.B. Corporation by 3.5% in the first quarter. Trust Co. of Toledo NA OH now owns 11,558 shares of the bank’s stock valued at $172,000 after buying an additional 389 shares in the last quarter. Elkfork Partners LLC raised its stake in F.N.B. Corporation by 5.5% in the first quarter. Elkfork Partners LLC now owns 9,306 shares of the bank’s stock valued at $138,000 after buying an additional 484 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in F.N.B. Corporation by 1.6% in the first quarter. Envestnet Asset Management Inc. now owns 36,917 shares of the bank’s stock valued at $548,000 after buying an additional 589 shares in the last quarter. Institutional investors own 74.72% of the company’s stock.

F.N.B. Corporation Company Profile

F.N.B. Corporation is a financial holding company. The Company operates through four segments: Community Banking, Wealth Management, Insurance and Consumer Finance. Its Community Banking segment consists of First National Bank of Pennsylvania (FNBPA), which offers services, including commercial and individual demand, savings and time deposit accounts and commercial, mortgage and individual installment loans.

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