F.N.B. (NYSE:FNB) Sets New 12-Month High Following Analyst Upgrade

F.N.B. Co. (NYSE:FNB)’s stock price hit a new 52-week high during mid-day trading on Friday after Raymond James raised their price target on the stock from $17.00 to $19.00. Raymond James currently has an outperform rating on the stock. F.N.B. traded as high as $17.03 and last traded at $16.92, with a volume of 238634 shares traded. The stock had previously closed at $16.76.

A number of other equities research analysts have also issued reports on FNB. StockNews.com raised shares of F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Stephens raised their target price 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. Finally, Piper Sandler restated an “overweight” rating on shares of F.N.B. in a report on Friday, October 18th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, F.N.B. currently has a consensus rating of “Moderate Buy” and an average target price of $16.83.

Hedge Funds Weigh In On F.N.B.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Kathleen S. Wright Associates Inc. acquired a new stake in shares of F.N.B. during the 3rd quarter worth approximately $28,000. Brooklyn Investment Group purchased a new position in F.N.B. in the third quarter worth approximately $31,000. Richardson Financial Services Inc. increased its stake in F.N.B. by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock worth $41,000 after acquiring an additional 1,473 shares during the last quarter. GAMMA Investing LLC raised its position in F.N.B. by 113.8% in the second quarter. GAMMA Investing LLC now owns 3,314 shares of the bank’s stock valued at $45,000 after purchasing an additional 1,764 shares during the period. Finally, LRI Investments LLC acquired a new position in shares of F.N.B. in the 1st quarter valued at $45,000. 79.25% of the stock is currently owned by institutional investors and hedge funds.

F.N.B. Trading Up 2.3 %

The business has a fifty day moving average price of $14.81 and a two-hundred day moving average price of $14.27. 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 firm has a market capitalization of $6.17 billion, a PE ratio of 15.73 and a beta of 0.95.

F.N.B. (NYSE:FNB) last announced its earnings results on Thursday, October 17th. The bank reported $0.34 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $409.80 million. Analysts expect that F.N.B. Co. will post 1.34 EPS for the current fiscal year.

F.N.B. Announces Dividend

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

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.