F.N.B. Corporation (NYSE:FNB) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of F.N.B. Corporation (NYSE:FNB) have been given a consensus rating of “Moderate Buy” by the six brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $19.00.

Several brokerages recently weighed in on FNB. Piper Sandler assumed coverage on shares of F.N.B. in a research report on Wednesday, December 3rd. They issued an “overweight” rating and a $19.00 price target on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of F.N.B. in a research report on Monday, December 22nd. DA Davidson downgraded F.N.B. from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Finally, Truist Financial increased their price target on F.N.B. from $18.00 to $18.50 and gave the company a “buy” rating in a research report on Monday, October 20th.

Insider Buying and Selling

In related news, insider Gary L. Guerrieri sold 15,000 shares of the business’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $17.67, for a total value of $265,050.00. Following the transaction, the insider directly owned 279,883 shares of the company’s stock, valued at approximately $4,945,532.61. The trade was a 5.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James L. Dutey sold 40,000 shares of the stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $16.75, for a total transaction of $670,000.00. Following the transaction, the insider owned 49,936 shares of the company’s stock, valued at approximately $836,428. The trade was a 44.48% decrease in their position. The SEC filing for this sale provides additional information. 1.37% of the stock is owned by insiders.

Institutional Trading of F.N.B.

Several hedge funds have recently added to or reduced their stakes in the stock. AlphaQuest LLC increased its stake in shares of F.N.B. by 82.2% during the 1st quarter. AlphaQuest LLC now owns 3,295 shares of the bank’s stock worth $44,000 after purchasing an additional 1,487 shares during the last quarter. CreativeOne Wealth LLC bought a new position in F.N.B. during the first quarter valued at $144,000. Royal Bank of Canada increased its position in F.N.B. by 11.6% in the first quarter. Royal Bank of Canada now owns 274,466 shares of the bank’s stock worth $3,692,000 after buying an additional 28,570 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of F.N.B. by 36.4% in the first quarter. AQR Capital Management LLC now owns 1,896,488 shares of the bank’s stock valued at $25,204,000 after buying an additional 505,780 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of F.N.B. by 23.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 153,039 shares of the bank’s stock valued at $2,058,000 after buying an additional 29,248 shares during the period. Institutional investors own 79.25% of the company’s stock.

F.N.B. Trading Down 0.4%

NYSE FNB opened at $17.55 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.32. F.N.B. has a 52 week low of $10.88 and a 52 week high of $17.93. The business has a 50 day moving average price of $16.45 and a 200-day moving average price of $15.91. The company has a market cap of $6.28 billion, a price-to-earnings ratio of 12.62, a P/E/G ratio of 0.91 and a beta of 0.93.

F.N.B. (NYSE:FNB) last posted its quarterly earnings results on Thursday, June 20th. The bank reported $0.40 earnings per share (EPS) for the quarter. The business had revenue of $419.30 million during the quarter. F.N.B. had a net margin of 19.23% and a return on equity of 8.22%. As a group, equities analysts expect that F.N.B. will post 1.45 earnings per share for the current fiscal year.

F.N.B. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, December 1st. F.N.B.’s dividend payout ratio (DPR) is presently 34.53%.

F.N.B. Company Profile

F.N.B. Corporation is a bank holding company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, FNB Bank, the company provides a broad range of commercial and consumer financial services. Founded in 1864 as the First National Bank of Pennsylvania, F.N.B. has grown through both organic expansion and strategic acquisitions to become a regional banking franchise.

The company’s main business activities include traditional deposit-taking and lending services, such as checking and savings accounts, mortgages, home equity lines of credit, and consumer and commercial loans.