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

Shares of F.N.B. Co. (NYSE:FNB) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $16.83.

Several equities research analysts have recently issued reports on the stock. Stephens raised their price target on shares of F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. StockNews.com raised F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Piper Sandler restated an “overweight” rating on shares of F.N.B. in a research note on Friday, October 18th. Finally, Raymond James increased their price target on F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st.

Institutional Investors Weigh In On F.N.B.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC boosted its position in shares of F.N.B. by 51.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 15,758 shares of the bank’s stock valued at $222,000 after acquiring an additional 5,362 shares during the period. CANADA LIFE ASSURANCE Co lifted its stake in F.N.B. by 2.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 274,278 shares of the bank’s stock worth $3,866,000 after purchasing an additional 5,522 shares in the last quarter. LRI Investments LLC bought a new position in F.N.B. in the 1st quarter valued at $45,000. Price T Rowe Associates Inc. MD grew its position in shares of F.N.B. by 7.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 166,292 shares of the bank’s stock valued at $2,345,000 after purchasing an additional 10,959 shares in the last quarter. Finally, Innealta Capital LLC bought a new position in shares of F.N.B. in the first quarter worth $203,000. 79.25% of the stock is currently owned by institutional investors.

F.N.B. Stock Down 0.3 %

FNB stock opened at $17.16 on Friday. The stock has a market cap of $6.17 billion, a P/E ratio of 15.81 and a beta of 0.95. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. The stock’s fifty day simple moving average is $14.94 and its two-hundred day simple moving average is $14.32. F.N.B. has a 1-year low of $11.55 and a 1-year high of $17.70.

F.N.B. (NYSE:FNB) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). F.N.B. had a return on equity of 8.49% and a net margin of 16.29%. The company had revenue of $413.02 million during the quarter, compared to analysts’ expectations of $409.80 million. Analysts expect that F.N.B. will post 1.34 EPS for the current year.

F.N.B. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Monday, December 2nd. F.N.B.’s payout ratio is currently 44.04%.

About F.N.B.

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.