F.N.B. Co. (NYSE:FNB) Receives $18.50 Consensus Target Price from Analysts

Shares of F.N.B. Co. (NYSE:FNB) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $18.50.

A number of equities analysts have recently commented on FNB shares. Raymond James raised their price objective on shares of F.N.B. from $17.00 to $19.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Piper Sandler cut their price target on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Wells Fargo & Company decreased their price target on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Keefe, Bruyette & Woods lifted their price objective on F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, DA Davidson boosted their target price on F.N.B. from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd.

Insider Transactions at F.N.B.

In related news, Director William B. Campbell acquired 3,000 shares of the stock in a transaction on Wednesday, February 5th. The stock was purchased at an average price of $15.57 per share, for a total transaction of $46,710.00. Following the completion of the transaction, the director now owns 158,834 shares of the company’s stock, valued at $2,473,045.38. This trade represents a 1.93 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Vincent J. Delie, Jr. sold 125,000 shares of F.N.B. stock in a transaction on Friday, December 6th. The stock was sold at an average price of $16.50, for a total transaction of $2,062,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,652,229 shares in the company, valued at approximately $27,261,778.50. The trade was a 7.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.03% of the company’s stock.

Hedge Funds Weigh In On F.N.B.

A number of hedge funds and other institutional investors have recently made changes to their positions in FNB. AlphaQuest LLC increased its position in F.N.B. by 3,589.8% during the 4th quarter. AlphaQuest LLC now owns 1,808 shares of the bank’s stock valued at $27,000 after purchasing an additional 1,759 shares during the period. Kathleen S. Wright Associates Inc. purchased a new stake in shares of F.N.B. in the 3rd quarter worth about $28,000. Brooklyn Investment Group bought a new stake in shares of F.N.B. during the 3rd quarter valued at about $31,000. Richardson Financial Services Inc. increased its position in shares of F.N.B. by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock valued at $41,000 after buying an additional 1,473 shares during the period. Finally, UMB Bank n.a. raised its stake in F.N.B. by 82.3% in the third quarter. UMB Bank n.a. now owns 3,687 shares of the bank’s stock worth $52,000 after buying an additional 1,665 shares in the last quarter. Institutional investors own 79.25% of the company’s stock.

F.N.B. Stock Down 1.6 %

Shares of NYSE FNB opened at $15.49 on Thursday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.48. The company has a market cap of $5.57 billion, a P/E ratio of 12.29, a P/E/G ratio of 3.80 and a beta of 1.01. F.N.B. has a 52 week low of $12.49 and a 52 week high of $17.70. The business has a 50-day simple moving average of $15.38 and a two-hundred day simple moving average of $14.98.

F.N.B. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Monday, March 3rd. F.N.B.’s payout ratio is currently 38.10%.

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.