F.N.B. (NYSE:FNB) Price Target Raised to $21.00 at Wells Fargo & Company

F.N.B. (NYSE:FNB) had its price objective upped by Wells Fargo & Company from $20.00 to $21.00 in a research report report published on Monday, MarketBeat Ratings reports. Wells Fargo & Company currently has an overweight rating on the bank’s stock.

A number of other equities analysts have also recently commented on FNB. Keefe, Bruyette & Woods lifted their price target on F.N.B. from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of F.N.B. in a research report on Tuesday, June 9th. Piper Sandler lifted their target price on F.N.B. from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, June 26th. Finally, Truist Financial boosted their target price on F.N.B. from $19.50 to $20.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $20.60.

F.N.B. Stock Performance

NYSE FNB opened at $19.09 on Monday. The firm has a market capitalization of $6.79 billion, a P/E ratio of 11.81, a price-to-earnings-growth ratio of 0.90 and a beta of 0.84. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.29. The firm’s fifty day moving average price is $18.00 and its two-hundred day moving average price is $17.58. F.N.B. has a 1 year low of $14.45 and a 1 year high of $19.58.

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 company had revenue of $450.00 million during the quarter, compared to the consensus estimate of $454.06 million. F.N.B. had a net margin of 21.64% and a return on equity of 8.94%. During the same quarter last year, the firm posted $0.32 EPS. As a group, research analysts anticipate that F.N.B. will post 1.73 EPS for the current year.

F.N.B. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.13 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.52 annualized dividend and a yield of 2.7%. This is an increase from F.N.B.’s previous quarterly dividend of $0.12. F.N.B.’s payout ratio is currently 32.10%.

Insider Transactions at F.N.B.

In other news, insider Gary L. Guerrieri sold 19,000 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $5,523,737.41. The trade was a 5.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by company insiders.

Institutional Trading of F.N.B.

Several institutional investors have recently added to or reduced their stakes in FNB. GAMMA Investing LLC grew its holdings in F.N.B. by 4.3% in the 4th quarter. GAMMA Investing LLC now owns 15,745 shares of the bank’s stock valued at $269,000 after buying an additional 649 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of F.N.B. by 18.9% during 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 in the last quarter. Quent Capital LLC lifted its holdings in shares of F.N.B. by 6.6% during the fourth quarter. Quent Capital LLC now owns 11,823 shares of the bank’s stock worth $202,000 after buying an additional 734 shares in the last quarter. 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 valued at $34,000 after acquiring an additional 820 shares during the period. Finally, Versant Capital Management Inc boosted its position in shares of F.N.B. by 9.7% in the second quarter. Versant Capital Management Inc now owns 11,861 shares of the bank’s stock valued at $226,000 after acquiring an additional 1,044 shares during the period. 79.25% of the stock is currently owned by institutional investors.

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.