F.N.B. Corporation (NYSE:FNB) Given Average Recommendation of “Buy” by Brokerages

F.N.B. Corporation (NYSE:FNB) has received a consensus rating of “Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $19.60.

A number of equities research analysts have recently weighed in on FNB shares. Piper Sandler reissued an “overweight” rating and issued a $21.00 target price (up previously from $20.00) on shares of F.N.B. in a research note on Thursday, January 22nd. Truist Financial lifted their price target on F.N.B. from $19.00 to $19.50 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of F.N.B. in a research report on Monday, December 29th.

F.N.B. Price Performance

FNB stock opened at $18.33 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.90 and a current ratio of 0.92. F.N.B. has a 52 week low of $10.88 and a 52 week high of $19.14. The firm’s fifty day moving average is $17.72 and its 200 day moving average is $16.68. The firm has a market cap of $6.57 billion, a P/E ratio of 11.75, a P/E/G ratio of 0.83 and a beta of 0.92.

F.N.B. (NYSE:FNB) last posted its quarterly earnings results on Tuesday, January 20th. The bank reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.09. F.N.B. had a net margin of 20.98% and a return on equity of 8.76%. The business had revenue of $457.78 million during the quarter, compared to the consensus estimate of $457.87 million. During the same period in the previous year, the firm posted $0.30 earnings per share. Research analysts predict that F.N.B. will post 1.45 earnings per share for the current year.

F.N.B. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, March 2nd. F.N.B.’s dividend payout ratio is currently 30.77%.

Insider Buying and Selling at F.N.B.

In other F.N.B. news, insider James L. Dutey sold 40,000 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $16.75, for a total value of $670,000.00. Following the sale, the insider owned 49,936 shares of the company’s stock, valued at $836,428. This trade represents a 44.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gary L. Guerrieri sold 15,000 shares of the business’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $17.67, for a total transaction of $265,050.00. Following the completion of the transaction, the insider owned 279,883 shares in the company, valued at $4,945,532.61. The trade was a 5.09% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.37% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Tradewinds LLC. bought a new position in F.N.B. in the 3rd quarter worth $1,444,000. Pacer Advisors Inc. bought a new stake in shares of F.N.B. during the 3rd quarter valued at about $1,097,000. SG Americas Securities LLC increased its position in shares of F.N.B. by 155.4% during the second quarter. SG Americas Securities LLC now owns 60,478 shares of the bank’s stock valued at $882,000 after buying an additional 36,796 shares during the period. Syon Capital LLC bought a new position in F.N.B. in the third quarter worth about $501,000. Finally, Harbor Capital Advisors Inc. bought a new position in F.N.B. in the third quarter worth about $872,000. Institutional investors own 79.25% of the company’s stock.

About F.N.B.

F.N.B. Corporation is a bank holding company headquartered in Pittsburgh, Pennsylvania. Through its principal subsidiary, FNB Bank, the company provides a broad range of commercial and consumer financial services. Founded in 1864 as the First National Bank of Pennsylvania, F.N.B. has grown through both organic expansion and strategic acquisitions to become a regional banking franchise.

The company’s main business activities include traditional deposit-taking and lending services, such as checking and savings accounts, mortgages, home equity lines of credit, and consumer and commercial loans.