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

Shares of F.N.B. Corporation (NYSE:FNB) have been given a consensus rating of “Buy” by the six research firms that are covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have issued a report on the stock in the last year is $20.20.

A number of equities research analysts have recently commented on the company. Keefe, Bruyette & Woods lifted their price objective on F.N.B. from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Monday, April 20th. Truist Financial boosted their price target on F.N.B. from $19.50 to $20.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of F.N.B. in a research report on Tuesday, June 9th.

Insider Transactions at F.N.B.

In other F.N.B. news, insider Gary L. Guerrieri sold 19,000 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $18.53, for a total transaction of $352,070.00. Following the completion of the sale, the insider owned 298,097 shares of the company’s stock, valued at approximately $5,523,737.41. The trade was a 5.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On F.N.B.

Several institutional investors and hedge funds have recently modified their holdings of FNB. CoreCap Advisors LLC purchased a new stake in shares of F.N.B. in the fourth quarter worth about $34,000. Root Financial Partners LLC boosted its position in shares of F.N.B. by 66.8% in the first quarter. Root Financial Partners LLC now owns 2,047 shares of the bank’s stock worth $34,000 after buying an additional 820 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of F.N.B. by 3,723.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the bank’s stock worth $36,000 after buying an additional 2,420 shares during the period. Triumph Capital Management purchased a new stake in shares of F.N.B. in the third quarter worth about $55,000. Finally, Parallel Advisors LLC boosted its position in shares of F.N.B. by 18.9% in the third quarter. Parallel Advisors LLC now owns 4,522 shares of the bank’s stock worth $73,000 after buying an additional 720 shares during the period. Hedge funds and other institutional investors own 79.25% of the company’s stock.

F.N.B. Price Performance

Shares of NYSE:FNB opened at $18.24 on Friday. The company has a market cap of $6.49 billion, a P/E ratio of 11.26, a P/E/G ratio of 0.86 and a beta of 0.84. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.29. F.N.B. has a 52 week low of $13.73 and a 52 week high of $19.14. The business has a fifty day simple moving average of $17.72 and a 200-day simple moving average of $17.43.

F.N.B. (NYSE:FNB) last announced its quarterly earnings data on Friday, April 17th. The bank reported $0.38 EPS for the quarter, meeting analysts’ consensus estimates of $0.38. The business had revenue of $450.00 million during the quarter, compared to the consensus estimate 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 previous year, the business earned $0.32 earnings per share. Equities research analysts forecast that F.N.B. will post 1.73 EPS for the current year.

F.N.B. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.9%. This is a boost from F.N.B.’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, June 1st. F.N.B.’s dividend payout ratio (DPR) is presently 32.10%.

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.