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

F.N.B. Corporation (NYSE:FNB) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $18.80.

FNB has been the topic of several recent research reports. Truist Financial upped their price target on shares of F.N.B. from $18.00 to $18.50 and gave the company a “buy” rating in a report on Monday, October 20th. Weiss Ratings reissued a “buy (b)” rating on shares of F.N.B. in a report on Wednesday, November 26th. Finally, DA Davidson lowered F.N.B. from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th.

F.N.B. Price Performance

Shares of NYSE:FNB opened at $16.61 on Wednesday. F.N.B. has a twelve month low of $10.88 and a twelve month high of $16.99. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.32. The company has a market cap of $5.95 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 0.87 and a beta of 0.93. The company’s 50 day moving average is $15.91 and its 200 day moving average is $15.49.

F.N.B. (NYSE:FNB) last released its quarterly earnings data on Thursday, June 20th. The bank reported $0.40 EPS for the quarter. The business had revenue of $419.30 million for the quarter. F.N.B. had a net margin of 19.23% and a return on equity of 8.22%. On average, sell-side analysts forecast that F.N.B. will post 1.45 EPS for the current year.

F.N.B. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.9%. F.N.B.’s dividend payout ratio (DPR) is presently 34.53%.

Hedge Funds Weigh In On F.N.B.

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in F.N.B. by 0.3% during the first quarter. Vanguard Group Inc. now owns 39,531,150 shares of the bank’s stock valued at $531,694,000 after buying an additional 114,672 shares during the period. AQR Capital Management LLC boosted its stake in shares of F.N.B. by 36.4% during the 1st quarter. AQR Capital Management LLC now owns 1,896,488 shares of the bank’s stock worth $25,204,000 after acquiring an additional 505,780 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of F.N.B. by 77.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,513,248 shares of the bank’s stock valued at $20,353,000 after acquiring an additional 660,387 shares during the period. Rhino Investment Partners Inc purchased a new position in shares of F.N.B. in the 1st quarter valued at about $19,990,000. Finally, Wellington Management Group LLP raised its holdings in F.N.B. by 10.0% in the 1st quarter. Wellington Management Group LLP now owns 1,169,933 shares of the bank’s stock worth $15,736,000 after purchasing an additional 106,571 shares during the period. 79.25% of the stock is currently owned by institutional investors and hedge funds.

F.N.B. Company Profile

F.N.B. Corporation, a bank and financial holding company, provides a range of financial products and services primarily to consumers, corporations, governments, and small- to medium-sized businesses in the United States. The company operates through three segments: Community Banking, Wealth Management, and Insurance.