Raymond James Boosts F.N.B. (NYSE:FNB) Price Target to $19.00

F.N.B. (NYSE:FNB) had its target price hoisted by Raymond James from $17.00 to $19.00 in a report released on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the bank’s stock.

FNB has been the subject of a number of other research reports. StockNews.com raised shares of F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Piper Sandler reaffirmed an “overweight” rating on shares of F.N.B. in a research note on Friday, October 18th. Finally, Stephens lifted 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. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, F.N.B. currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.83.

F.N.B. Trading Up 2.3 %

F.N.B. stock opened at $17.15 on Thursday. The stock has a 50-day moving average price of $14.81 and a 200 day moving average price of $14.27. The company has a market capitalization of $6.17 billion, a price-to-earnings ratio of 15.73 and a beta of 0.95. F.N.B. has a 52 week low of $11.55 and a 52 week high of $17.19. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.40.

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

F.N.B. Announces Dividend

The business also recently disclosed 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 currently 44.04%.

Institutional Investors Weigh In On F.N.B.

Institutional investors have recently made changes to their positions in the stock. Kathleen S. Wright Associates Inc. acquired a new position in F.N.B. during the 3rd quarter worth about $28,000. Brooklyn Investment Group purchased a new position in shares of F.N.B. in the third quarter valued at approximately $31,000. Richardson Financial Services Inc. increased its stake in F.N.B. by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock worth $41,000 after buying an additional 1,473 shares during the period. LRI Investments LLC acquired a new stake in F.N.B. during the 1st quarter worth approximately $45,000. Finally, GAMMA Investing LLC boosted its position in F.N.B. by 113.8% in the 2nd quarter. GAMMA Investing LLC now owns 3,314 shares of the bank’s stock valued at $45,000 after buying an additional 1,764 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.