F.N.B. (NYSE:FNB) Research Coverage Started at Truist Financial

Truist Financial started coverage on shares of F.N.B. (NYSE:FNB) in a report released on Tuesday, Marketbeat Ratings reports. The firm issued a buy rating and a $16.50 price objective on the bank’s stock.

A number of other equities analysts have also recently issued reports on the company. Piper Sandler lowered their target price on F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Keefe, Bruyette & Woods upgraded shares of F.N.B. from a “market perform” rating to an “outperform” rating and set a $16.50 price objective for the company in a research note on Monday, April 21st. Wells Fargo & Company reduced their price objective on shares of F.N.B. from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Wednesday, April 9th. Finally, DA Davidson restated a “buy” rating and set a $19.00 price objective on shares of F.N.B. in a research note on Thursday, April 17th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $17.57.

F.N.B. Price Performance

FNB stock opened at $14.44 on Tuesday. The stock has a 50-day moving average price of $13.14 and a two-hundred day moving average price of $14.66. The stock has a market cap of $5.20 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 3.60 and a beta of 0.88. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48. F.N.B. has a 1 year low of $10.88 and a 1 year high of $17.70.

F.N.B. (NYSE:FNB) last released its earnings results on Wednesday, April 16th. The bank reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The firm had revenue of $411.61 million during the quarter, compared to analysts’ expectations of $409.52 million. F.N.B. had a return on equity of 8.30% and a net margin of 18.12%. During the same quarter in the prior year, the company earned $0.34 EPS. Equities analysts forecast that F.N.B. will post 1.45 EPS for the current fiscal year.

F.N.B. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.12 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.48 annualized dividend and a yield of 3.32%. F.N.B.’s dividend payout ratio (DPR) is presently 38.10%.

Insiders Place Their Bets

In other F.N.B. news, Director David L. Motley sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $15.51, for a total transaction of $232,650.00. Following the completion of the sale, the director now directly owns 65,344 shares in the company, valued at $1,013,485.44. This trade represents a 18.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.37% of the company’s stock.

Institutional Investors Weigh In On F.N.B.

Hedge funds have recently bought and sold shares of the stock. AlphaQuest LLC lifted its position in F.N.B. by 3,589.8% during the fourth quarter. AlphaQuest LLC now owns 1,808 shares of the bank’s stock worth $27,000 after acquiring an additional 1,759 shares during the last quarter. McClarren Financial Advisors Inc. bought a new position in shares of F.N.B. during the first quarter worth approximately $28,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of F.N.B. during the first quarter worth approximately $34,000. Headlands Technologies LLC bought a new position in shares of F.N.B. during the fourth quarter worth approximately $39,000. Finally, Parallel Advisors LLC increased its stake in F.N.B. by 47.4% in the first quarter. Parallel Advisors LLC now owns 3,096 shares of the bank’s stock valued at $42,000 after acquiring an additional 995 shares during the last quarter. 79.25% of the stock is currently owned by institutional investors and hedge funds.

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.