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

F.N.B. Corporation (NYSE:FNB) has received an average recommendation of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $19.60.

Several research firms recently weighed in on FNB. Piper Sandler reaffirmed an “overweight” rating and set a $21.00 target price (up from $20.00) on shares of F.N.B. in a research note on Thursday, January 22nd. DA Davidson lowered F.N.B. from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Truist Financial lifted their target price on F.N.B. from $19.00 to $19.50 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of F.N.B. in a research note on Monday, December 29th.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its position in F.N.B. by 4.3% during the fourth quarter. GAMMA Investing LLC now owns 15,745 shares of the bank’s stock valued at $269,000 after purchasing an additional 649 shares during the period. Parallel Advisors LLC boosted its holdings in shares of F.N.B. by 18.9% in the 3rd quarter. Parallel Advisors LLC now owns 4,522 shares of the bank’s stock worth $73,000 after purchasing an additional 720 shares during the period. Quent Capital LLC increased its position in shares of F.N.B. by 6.6% during the 4th quarter. Quent Capital LLC now owns 11,823 shares of the bank’s stock valued at $202,000 after purchasing an additional 734 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in F.N.B. by 61.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,602 shares of the bank’s stock valued at $62,000 after buying an additional 1,369 shares during the period. Finally, Captrust Financial Advisors lifted its position in F.N.B. by 1.8% in the second quarter. Captrust Financial Advisors now owns 87,304 shares of the bank’s stock worth $1,273,000 after buying an additional 1,514 shares during the last quarter. Hedge funds and other institutional investors own 79.25% of the company’s stock.

F.N.B. Stock Up 1.0%

Shares of FNB opened at $18.07 on Monday. The business’s 50 day moving average is $17.64 and its 200 day moving average is $16.57. The company has a current ratio of 0.92, a quick ratio of 0.90 and a debt-to-equity ratio of 0.28. F.N.B. has a 12-month low of $10.88 and a 12-month high of $19.14. The company has a market capitalization of $6.47 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 0.81 and a beta of 0.92.

F.N.B. (NYSE:FNB) last posted its quarterly earnings results on Tuesday, January 20th. The bank reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.09. The business had revenue of $457.78 million during the quarter, compared to the consensus estimate of $457.87 million. F.N.B. had a return on equity of 8.76% and a net margin of 20.98%.During the same period in the prior year, the company posted $0.30 EPS. Research analysts expect that F.N.B. will post 1.45 earnings per share for the current fiscal year.

F.N.B. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be 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 is Monday, March 2nd. F.N.B.’s dividend payout ratio is currently 30.77%.

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.