F.N.B. Corporation (NYSE:FNB) Given Average Rating of “Buy” by Brokerages

F.N.B. Corporation (NYSE:FNB) has been assigned an average recommendation of “Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $20.20.

Several brokerages have recently weighed in on FNB. Keefe, Bruyette & Woods upped their price objective on F.N.B. from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Truist Financial upped their price objective on F.N.B. from $19.50 to $20.00 and gave the company a “buy” rating in a report on Monday, April 20th.

F.N.B. Trading Up 0.5%

Shares of FNB stock opened at $17.62 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 0.92. The firm has a market capitalization of $6.27 billion, a PE ratio of 10.88, a price-to-earnings-growth ratio of 0.83 and a beta of 0.87. The stock has a fifty day moving average of $17.23 and a two-hundred day moving average of $17.21. F.N.B. has a 1 year low of $13.44 and a 1 year high of $19.14.

F.N.B. (NYSE:FNB) last announced its quarterly earnings data on Friday, April 17th. The bank reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. The business had revenue of $450.00 million during the quarter, compared to analyst estimates of $454.06 million. F.N.B. had a return on equity of 8.94% and a net margin of 21.64%.During the same quarter in the prior year, the firm posted $0.32 earnings per share. As a group, research analysts expect that F.N.B. will post 1.73 EPS for the current year.

F.N.B. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.0%. This is a positive change from F.N.B.’s previous quarterly dividend of $0.12. The ex-dividend date is Monday, June 1st. F.N.B.’s payout ratio is currently 32.10%.

Institutional Trading of F.N.B.

Institutional investors have recently modified their holdings of the company. Horizon Investments LLC acquired a new stake in shares of F.N.B. in the fourth quarter valued at $2,182,000. Syon Capital LLC acquired a new stake in shares of F.N.B. during the third quarter worth $501,000. Jones Financial Companies Lllp raised its position in shares of F.N.B. by 45.5% during the third quarter. Jones Financial Companies Lllp now owns 10,868 shares of the bank’s stock worth $176,000 after purchasing an additional 3,400 shares during the period. Nations Financial Group Inc. IA ADV raised its position in shares of F.N.B. by 17.4% during the first quarter. Nations Financial Group Inc. IA ADV now owns 13,079 shares of the bank’s stock worth $219,000 after purchasing an additional 1,934 shares during the period. Finally, Gibson Capital LLC raised its position in shares of F.N.B. by 19.7% during the fourth quarter. Gibson Capital LLC now owns 21,776 shares of the bank’s stock worth $372,000 after purchasing an additional 3,578 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 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.